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Indian Economy - General Knowledge Multiple Choice Questions and Answers | Page-4

31 Which one of the following is not an industrial finance institution?

Answer: Option [D]
32 The largest source of revenue to the Union Government is
A Central Excise Duty
B Customs Duty
C Income Tax
D Wealth Tax

Answer: Option [A]
33 Which bank in India performs duties of Central Bank?
A State Bank of India
B Central Bank of India
C Reserve Bank of India
D Above (A) and (B)

Answer: Option [C]
34 Which of the following is not the source of the revenue of central Government?
A Income Tax
B Excise Duty
C Corporate Tax
D Agricultural Income Tax

Answer: Option [D]
35 Which one of the following is not an objective of Fiscal Policy in India?
A Price Stability
B Full Employment
C Regulation of International Trade
D Equitable Distribution of Wealth and Incomes

Answer: Option [C]
36 The best example of a capital intensive industry in India is
A Steel Industry
B Tourism Industry
C Textile Industry
D Sports Goods Industry

Answer: Option [A]
37 Which one of the following is not included while estimating national income through income method?
A Rent
B Pension
C Mixed Income
D Undistributed profits

Answer: Option [D]
38 Who advocated the adoption of ‘PURA’ model to eradicate rural poverty?
A A.M. Khusro
B Dr. A.P.J. Abdul Kalam
C M.S. Swami Nathan
D Maulana Abul Kalam Azad

Answer: Option [B]
39 The main difference between Gross Domestic Product (GDP) and Gross National Product (GNP) is
A Capital gains
B Transfer payments
C Net foreign income from abroad
D Capital consumption allowance

Answer: Option [C]
40 The Community Development Programme was launched in the year
A 1950
B 1952
C 1954
D 1956

Answer: Option [B]

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