Indian Economy Questions - 1

Who Introduced first budget in India [After independence] ?
  • R.K. Shanmukham Chetty
  • Jawaharlal Nehru
  • K.C. Neogy
  • Gulzarilal Nanda
  • None of the above
Explanation   
R.K. Shanmukham Chetty. 1947 November 26.
Workspace
Which State is in 1st position towards GSDP ?
  • Andhra Pradesh
  • Madhya Pradesh
  • Maharashtra
  • Uttar Pradesh
  • Delhi
Explanation   
Ranking 1. Maharashtra, 2nd Uttar Pradesh
Workspace
Banking sector includes which of the following sector.
  • Primary Sector
  • Industrial Sector
  • Commercial
  • Service Sector
  • Secondary
Explanation   

Primary Sector = Agriculture, Forestry, Fisheries.

Industrial Sector = Industries, Mines, Electricity, Irrigation, construction.

Service Sector = Public finance, Hotels, Communication, Defense, Banking and Finance, Trade and Finance, Real Estate.

Workspace
Which country placed 1st position towards highest GDP ?
  • China
  • U.K
  • USA
  • India
  • Japan
Workspace
Central Statistical Organization is established in the year.
  • 1949
  • 1950
  • 1951
  • 1952
  • 1955
Explanation   

Central Statistical Organization is established with intent to measure National Income

Established in 1951, H.O is in New Delhi.

Workspace
Which of the following is not included in GDP.
  • Income from Agriculture
  • Export’s income
  • Import’s income
  • Undistributed Corporate Profits
  • None of the above
Workspace
During which Five year plan Economic Reforms are introduced in India.
  • 7th
  • 8th
  • 9th
  • 10th
  • 6th
Explanation   
During 8th plan when P.V. Narasimha Rao was the Prime Minister of India, and Manmohan Singh was Finance Minister. 1992 July.
Workspace
When was First Planning Committee established in India, prior to independence ?
  • 1942
  • 1946
  • 1932
  • 1938
  • 1945
Explanation   
In 1938 under chairman ship of Jawaharlal Nehru.
Workspace
Great Depression happened during .
  • 1945 – 50
  • 1929 – 33
  • 1935 - 42
  • 1920 – 28
  • 1940 – 48
Workspace
Prior to 1992 Indian Economy had the features of
  • Liberal
  • Capital
  • Mixed
  • Socialist
  • None
Explanation   
It was mixed economy in 1992. Economic reforms are introduced. New Industrial policy.
Workspace

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