introduction to indian economy section 1 Practice Questions Answers Test with Solutions & More Shortcuts
Introduction to Indian Economy PRACTICE TEST [14 - EXERCISES]
introduction to indian economy section 1
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introduction to indian economy section 14
Question : 21 [SSC Constable 2013]
‘Self Reliance’ was the main objective of
a) Seventh Plan
b) Fourth Plan
c) Third Plan
d) Sixth Plan
Answer »Answer: (d)
The sixth five-year plan had long-term objectives of removal of poverty and the achievement of self-reliance.
It also aimed at the achievement of economic and technological self-reliance with the help of modernisation.
Question : 22
Consider the following statements in regard to ‘Marginal Standing Facility (MSF)’ of RBI :
- It will help in reducing volatility in the overnight lending rates in the inter-bank market.
- The borrowing under the MSF should be over and above the statutory liquidity requirement.
a) 2 only
b) Both 1 and 2
c) 1 only
d) Neither 1 nor 2
Answer »Answer: (c)
Marginal Standing Facility (MSF) is the rate at which scheduled banks could borrow funds overnight from the Reserve Bank of India (RBI) against approved government securities.
Banks can borrow funds through MSF during acute cash shortages (considerable shortfall of liquidity). This measure has been introduced by RBI to regulate short-term asset-liability mismatch more effectively and the borrowing is within Statutory liquidity requirements.
The Marginal Standing Facility (MSF) is pegged 100bps or 1 % above the Repo Rate.
Question : 24 [SSC GL 2013]
Of the following land uses, which is restricted to Special Economic Zones ?
a) Information Technology Companies
b) Free trade Centres
c) Marketing Centres
d) Educational Institutions
Answer »Answer: (b)
The category Special economic zone includes free trade zones (FTZ), export processing Zones (EPZ), free Zones (FZ), industrial parks or industrial estates (IE), free ports, free economic zones, and urban enterprise zones.
The goal of an SEZ structure is to increase foreign direct investment by foreign investors.
Question : 25 [SSC CGL 2016]
Which State Government has recently abolished “agriculture income tax”
a) Rajasthan
b) Karnataka
c) Bihar
d) Assam
Answer »Answer: (b)
Karnataka’s Chief Minister Siddaramaiah, in March 2016, made the announcement to abolish the tax on agricultural income while presenting the State Budget for 2016-17.
This in turn will provide relief to many tea and coffee companies besides thousands of individual coffee growers. Plantation companies had to pay a 35 per cent tax on their net income.
IMPORTANT indian economy mcq EXERCISES
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Top 500+ Indian Economy GK MCQs Quiz PDF For SSC UPSC RRB »
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Introduction to Indian Economy Shortcuts »
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indian economy MCQ CATEGORIES
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» Introduction to Indian Economy
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» Planning, Economic Development & Five year Plans
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» National Income & Human Development Index
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» Agriculture Sector, Subsidy and Food Processing
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» Industries, Manufacturing & Service Sectors
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» Inclusive growth, Sustainable development and employment
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» Poverty & Unemployment
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» Introduction to Micro Economics
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» Introduction to Macro Economics
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» Macro fundamentals, GDP, Investment, Growth
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» Demand & Supply, Profit Loss, Inflation & Price Index
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» Fiscal Policy, Public Finance and Monetary Policy
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» Money Supply, Banking and Financial Institutions
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» Taxes Types, Methods & Budgeting Process
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» Banking, Security Market & Insurance
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