introduction to indian economy section 10 MCQ Questions & Answers Detailed Explanation

Answer: (c)

D Subbarao - 05.09.2008– Till date

C Rangarajan - 22.12.1992 – 22.11.1997

Y.V. Reddy - 05.09.2003 – 04.09.2008

Answer: (a)

Answer: (b)

One of the important fiscal measures undertaken by governments to check inflation is to cut personal consumption expenditure. It is done by raising the rates of personal, corporate and commodity taxes and even levying new taxes.

The government can also reduce unnecessary expenditure on non-development activities in order to curb inflation.

Answer: (c)

July–December corresponds to the main agricultural season in India, while January–June is a relatively ‘slack’ season.

Since more than 50% of India’s workforce is engaged in agriculture sector, the slackness of this sector imparts sluggishness to the entire economy.

Answer: (b)

The Chaudhary Charan Singh (CCS) National Institute of Agricultural Marketing (NIAM) is a premier National level Institute set up by the Government of India in August 1988 to offer specialized Training, Research, Consultancy and Education in Agricultural Marketing. NIAM is an autonomous body under the aegis of the Ministry of Agriculture, Government of India.

It was set up as a Registered Society to cater to the needs of Agricultural Marketing personnel in India as well as from South-East Asian countries. The Union Minister for Agriculture is the President of the General body of NIAM and the Secretary, Department of Agriculture and Cooperation is the Chairman of the Executive Committee.

The Campus of the National Institute of Agricultural Marketing is situated m a 32-acre plot of land on the outskirts of Jaipur City.

Answer: (b)

At present, notes of Rs. 10, Rs. 100, Rs. 500 and Rs. 1,000 are only printed.

The RBI has decided on 26 June 2015 to withdraw from the circulation of currency notes issued prior to 2005 by June 30, 2016.