introduction to indian economy section 13 MCQ Questions & Answers Detailed Explanation

Answer: (a)

Answer: (a)

Fiscal drag is an economics term referring to a situation where a government’s net fiscal position (equal to its spending less any taxation) does not meet the net savings goals of the private economy.

Fiscal drag is a concept where inflation and earnings growth may push more taxpayers into a higher tax bracket.

Answer: (d)

Imperative planning is not a feature of the economic planning of India. In case of imperative planning economic activities belong to the public sector.

Answer: (a)

Since 1955 the national income estimates are being prepared by Central Statistical Organisation (CSO).

The CSO uses different methods like the Product Method, Income Method and Expenditure method for various sectors in the process of estimating the National Income.

Answer: (c)

NTPC Limited (previously known as National Thermal Power Corporation Limited) is an Indian PSU Public Sector Undertaking, engaged in the business of generation of electricity and allied activities.

NTPC’s core business is the generation and sale of electricity to state-owned power distribution companies and State Electricity Boards in India.

Answer: (c)

Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA), is Indian labour law and social security measure that aims to guarantee the ‘right to work’.

It aims to enhance livelihood security in rural areas by providing at least 100 days of wage employment in a financial year to every household whose adult members volunteer to do unskilled manual work.