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Exercise : Indian Economy MCQ Questions and Answers

1. Who was the first Chairman of Finance Commission of India

A.  
B.  
C.  
D.  

Correct Answer : B. K. C. Neogy

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2. Expenditure tax in India was introduced by

A.  
B.  
C.  
D.  

Correct Answer : C. T.T. Krishnamachari

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3. What is the gdp per capita of india in 2012 according to World Bank data

A.  
B.  
C.  
D.  

Correct Answer : A. 1489 $

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4. India's National income is measured with the help of

A.  
B.  
C.  
D.  

Correct Answer : D. All of these

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5. Who was the chairman of National Income Committe appointed by Government of India in 1949

A.  
B.  
C.  
D.  

Correct Answer : B. P C Maharanobis

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6. Gribittato slogan was part of which 5 year plan

A.  
B.  
C.  
D.  

Correct Answer : C. 5th

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7. Which of the following periods is known as plan holiday in India

A.  
B.  
C.  
D.  

Correct Answer : B. 1965-1970

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8. National Agricultural Insurance Scheme replacing Comprehensive Crop Insurance Scheme was introduced in the year

A.  
B.  
C.  
D.  

Correct Answer : A. 1999

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9. The vicious circle argument points out the supply side connection between

A.  
B.  
C.  
D.  

Correct Answer : C. Productivity and Income

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10. When the first Economic Census was done in India

A.  
B.  
C.  
D.  

Correct Answer : D. 1977

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