Answer: Option [D]Gross Domestic Product is defined as the value of all final goods and services produced in an economy in a year. GDP measures the monetary value of final goods and services—that is, those that are bought by the final user—produced in a country in a given period of time (say a quarter or a year). It counts all of the output generated within the borders of a country.
Answer: Option [C]The correct answer is Industrial sector.
Answer: Option [D]The abbreviation ‘SEBI’ stands for Securities and Exchange Board of India. The Securities and Exchange Board of India was established as a statutory body in the year 1992 and the provisions of the Securities and Exchange Board of India Act, 1992 (15 of 1992) came into force on January 30, 1992.
Answer: Option [B]The Annapurna Scheme was implemented in the year 2000. On 1st April, 2000 a new Scheme known as Annapurna Scheme was launched. This scheme aimed at providing food security to meet the requirement of those senior citizens who, though eligible, have remained uncovered under the NOAPS.
Answer: Option [A]The correct answer is Rent.
Answer: Option [D]The correct answer is Fourth Five Year Plan. From 1966 to 1969, three annual methods were devised and designed. Growth with stability and progressive achievement of Self-Reliance with a focus on agriculture's growth rate were the objectives of the fourth five-year plan.
Answer: Option [A]Commercial banking system in India is Branch banking.
Answer: Option [B]The correct answer is Indian Railways. Indian Railways is the largest employer in India with 14 lakh employees and eighth biggest employer of the world.
Answer: Option [A]In Centre-State Financial relations in India, Gadgil Formula is used in Division of tax revenue. The Gadgil formula was evolved in 1969 for determining the allocation of central assistance for state plans in India. It was adopted for distribution of plan assistance during Fourth and Fifth Five Year Plans. It was named after the then deputy chairman of the Planning Commission Dr. D R Gadgil.
Answer: Option [C]The correct answer is Sales tax. The most important source of revenue of State Government in India is sales tax now it has been named as trade tax.
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