Match the following :

	List-I		List-II
a.	Monetary Policy Committee	1.	Union Home Minister
b.	GST Council	2.	Union Finance Minister
c.	NITI Aayog	3.	RBI Governor
d.	Cabinet Committee on Parliamentary Affairs	4.	Prime Minister of India

Select the correct answer using the codes given below.

• a-2, b-3, c-4, d-1
• a-3, b-2, c-4, d-1
• a-3, b-2, c-1, d-4
• a-2, b-3, c-1, d-4
Solution
Correct Option: B  [ a-3, b-2, c-4, d-1 ]

Explanation:

Which institution in India controls the monetary policy of Indian currency?

• Finance Commission
• The Finance Ministry of India
• The Reserve Bank of India
• None of the above
Solution
Correct Option: C  [ The Reserve Bank of India ]

Explanation:

Plan finance creates increase of money supply if there is

• increase in taxes
• increase in loan from the Reserve Bank of India
• increase in loan from commercial Banks
• increase in loan from general public
Solution
Correct Option: A  [ increase in taxes ]

Explanation:

Fiscal Deficit is:

• Government expenditure minus borrowings
• Government expenditure minus revenue receipts
• Same as budget deficit
• Budget deficit minus borrowings and other liabilities
Solution
Correct Option: B  [ Government expenditure minus revenue receipts ]

Explanation:

Thename of Prasanta Chandra Mahalanobis is associated with:

• First Five-Year Plan
• Second Five-Year Plan
• Third Five-Year Plan
• Fourth Five-Year Plan
Solution
Correct Option: B  [ Second Five-Year Plan ]

Explanation: Prof. Prasanta Chandra Mahalanobis is also known as the father of Indian Statistics, architect of the Second Five-Year Plan (1956–61).

Economic growth is usually coupled with ___________.

• deflation
• inflation
• Stagflation
• hyper inflation
Solution
Correct Option: B  [ inflation ]

Explanation:

Which among the following in India has the function of recommending Minimum Support Prices for various commodities to the Government ?

• National Farmers Commission
• Commission for Agricultural Costs and Prices
• Central Statistical organization
• Department of Agriculture
Solution
Correct Option: B  [ Commission for Agricultural Costs and Prices ]

Explanation:

Which industry employs the largest number of women in India ?

• Tea
• Textile
• Jute
• Coal
Solution
Correct Option: B  [ Textile ]

Explanation:

'Economic Survey' is published by:

• The Ministry of Finance
• The Planning Commission
• The Government of India
• The Central Statistical Organization
Solution
Correct Option: A  [ The Ministry of Finance ]

Explanation:

Fiscal policy is connected with:

• exports and imports
• issue of currency
• public revenue and public expenditure
• liquidity of money
Solution
Correct Option: C  [ public revenue and public expenditure ]

Explanation: