In India, National Income is computed by :

• Ministry of Fianance
• Central Statistical Organisation
• National Development Council
• Finance Commission
Solution
Correct Option: B  [ Central Statistical Organisation ]

Explanation:

Which of the following is a primary sector of economic activities in India ?

• Food processing
• Telecom services
• Manufacturing industry
• Agriculture
Solution
Correct Option: D  [ Agriculture ]

Explanation:

The equilibrium condition for money market is:

• demand for money should be equal to supply of money
• cash in hand should be equal to deposits in bank
• saving is equal to investment
• bank rate is equal to repo rate
Solution
Correct Option: A  [ demand for money should be equal to supply of money ]

Explanation:

National Food Security Act came into effect in the year:

• 2012
• 2013
• 2014
• None of the above
Solution
Correct Option: B  [ 2013 ]

Explanation:

Parallel economy refers to:

• Traditional economy
• Black money
• Agriculture based economy
• Socialist economy
Solution
Correct Option: B  [ Black money ]

Explanation:

Who prints and supplies the currency notes in India:

• State Bank of India
• United Bank of India
• Reserve Bank of India
• United Commercial Bank of India
Solution
Correct Option: C  [ Reserve Bank of India ]

Explanation:

Poverty is defined as:

• A monetary condition brought about by people's own laziness
• A monetary condition where people do not have enough to satisfy basic needs
• A monetary and non-monetary conditions where people lack access to community regulated common resources, opportunities and income
• All of the above
Solution
Correct Option: C  [ A monetary and non-monetary conditions where people lack access to community regulated common resources, opportunities and income ]

Explanation:

Pradhan Mantri Jan Dhan Yojana was first announced by Hon'ble Prime Minister Modi on:

• 15th August, 2014
• 28th August, 2015
• 26th January, 2016
• None of the above
Solution
Correct Option: A  [ 15th August, 2014 ]

Explanation:

Which of the following does not come under the GST in India ?

• Agricultural products
• Handicrafts
• Gems and jewelries
• Petroleum products
Solution
Correct Option: D  [ Petroleum products ]

Explanation:

The architect of the Second Five Year Plan was :

• Mahatma Gandhi
• Subhash Chandra Bose
• P. C. Mahalanobis
• None of them
Solution
Correct Option: C  [ P. C. Mahalanobis ]

Explanation: