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The following question based on Introduction to Indian Economy topic of indian economy mcq
(a) 20 kg
(b) 35 kg
(c) 10 kg
(d) 40 kg
The correct answers to the above question in:
Answer: (c)
When the Annapurna Scheme was launched in April 2000, the beneficiaries were to be given 10 Kg. of food grains per month free of cost. It aims at providing food security to meet the requirement of those Senior Citizens who through eligible have remained uncovered under the National Old Age Pension Scheme (NOAPS).
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Read more introduction Based Indian Economy Questions and Answers
Question : 1
The Planning Commission of India was constituted in the year
a) 1947
b) 1942
c) 1950
d) 1955
Answer »Answer: (c)
The Planning Commission is an institution in the Government of India, which formulates India’s five-year Plans, among other functions.
It was set up on 15 March 1950, with Prime Minister Jawaharlal Nehru as the chairman. Planning Commission though is a non-statutory as well extra-constitutional body, i.e. has been brought by executive order.
The Planning Commission does not derive its creation from either the Constitution or statute but is an arm of the Central/Union Government.
Question : 2
Which one of the following categories of workers is termed as cultivators ?
a) Those who own land and lease in from others or institutions and cultivate
b) Those who lease in land and cultivate
c) Those who cultivate the land of others
d) Those who own land and cultivate
Answer »Answer: (c)
Agricultural labourers are those who cultivate the land of others but own no (or very little) land of their own. Owner cultivators are those who own and cultivate their own land.
Landowners are those who own land but do not cultivate it themselves. So basically, a cultivator is an agricultural labourer who tills the land of others.
Question : 3
Which of the following yields the largest revenue to the Government of India?
a) Excise duty
b) Sales tax
c) Income tax
d) Entertainment tax
Answer »Answer: (a)
Income Tax (corporate and non-corporate combined) contribute about 56 per cent of the tax revenue of India. But, income tax, apart from agricultural income is shared between the Union and states.
Among the given options, Excise duty is the chief and single largest source of revenue income. The Government of India earns maximum from Union Excise Duty
Question : 4
Which of the following is not correctly matched?
a) Chanda Kochar – ICICI Bank
b) Naina Lal Kidwai – HSBC
c) Chitra Ramkrishna – National Stock Exchange
d) Shikha Sharma – SBI
Answer »Answer: (d)
Question : 5
Where is the Indian Institute of Foreign Trade Located ?
a) Hyderabad
b) New Delhi
c) Mumbai
d) Ahmedabad
Answer »Answer: (b)
The Indian Institute of Foreign Trade (IIFT) is an autonomous public business school established in 1963 by the government of India to help professionalize the country’s foreign trade management and increase exports by developing human resources, generating, analyzing and disseminating data. It is located in New Delhi, India.
Question : 6
Who wrote a book describing the theory of economic drain of India during British rule?
a) Mahatma Gandhi
b) Dadabhai Naoroji
c) J.L. Nehru
d) Lala Lajpat Rai
Answer »Answer: (b)
Dadabhai, known as the Grand old man, wrote the book ‘Poverty and Un-British Rule in India’ describing the theory of economic drain of India during British rule.
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Introduction to Indian Economy Shortcuts and Techniques with Examples
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