introduction to indian economy section 6 Practice Questions Answers Test with Solutions & More Shortcuts

Question : 6 [SSC CGL 2016]

Which State Government has launched the Smart Village Programme, to improve public facilities in village?

a) Rajasthan

b) Maharashtra

c) Odisha

d) Gujarat

Answer: (d)

The Gujarat government, on 22 May 2014, launched the Smart Village programme to improve public facilities in villages. The objective of the programme is to make villages self-reliant, clean, and hygienic.

It has been conceptualized on the lines of the Smart Cities initiative of the Union Government under which 100 cities were chosen for infrastructure development.

Question : 7

National income ignores

a) exports of the IT sector

b) salary of employees

c) sales of a firm

d) sale of land

Answer: (d)

National Income ignores sale of land.

Question : 8 [SSC CGL 2016]

The headquarters of RBI is in

a) Kanpur

b) Delhi

c) Mumbai

d) Nasik

Answer: (c)

The headquarters of the Reserve Bank of India (RBI) is located in Mumbai, Maharashtra. Initially, the headquarter of RBI was in Calcutta (now Kolkata) but in 1937 it was permanently moved to Bombay (now Mumbai).

The RBI commenced its operations on 1 April 1935 during the British Rule in accordance with the provisions of the Reserve Bank of India Act, 1934.

Question : 9 [SSC CGL 2016]

The nationalisation of major commercial banks took place in

a) 1956

b) 1947

c) 1969

d) 1980

Answer: (c)

The Government of India nationalized 14 major commercial banks in July 1969. This was followed by a second phase of nationalization in 1980, when Government of India acquired the ownership of 6 more banks, thus bringing the total number of nation-alised banks to 20.

Question : 10 [SSC IT 2008]

Which plan gave emphasis on removal of poverty for the first time ?

a) Fifth

b) Fourth

c) Sixth

d) Seventh

Answer: (a)

The Fifth Five-Year Plan (1974–1979) laid stress on employment, poverty alleviation, and justice. The plan also focused on self-reliance in agricultural production and defence.

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