ECONOMICS MCQS SET 09

ECONOMICS MCQS SET 09

1. Reserve Bank of India was established in the year.
A) 1935
B) 1949
C) 1950
D) 1957
 

2. World has become a global village due to
A) Green revolution
B) Communication and information revolution
C) Blue revolution
D) Industrial revolution
 

3. The first five-year plan of India was launched in
A) 1947
B) 1951
C) 1956
D) 1961
 

4. National Income is
A) Income of the central Government
B) Income of the central & state Governments
C) Total of factor incomes
D) Profits of the public sector.
 

5. New Educational policy was announced in
A) 1980
B) 1985
C) 1986
D) 1983
 

6. The Bank whose motive is not profit making is
A) Andhra Bank
B) RBI
C) IOB
D) Canara Bank
 

7. The Census 2011 is the ------------- National census.
A) 11th
B) 12th
C) 13th
D) 15th

8. Among the following taxes which is not considered as a direct tax?
A) Income tax
B)sales tax
C) Gift tax
D) Wealth tax
 

9. In which tax the incidence and impact is on one and the same person?
A) Income tax
B) sales tax
C) Value added tax
D) Service tax
 

10. Match List I with List II correctly and select your answer using the codes given below:
List I List II
a) First Five - Year plan 1. Self – sufficiency
b) Second Five- Year plan 2. Agriculture and Industrial development
c) Third Five- year plan 3. Agriculture development
d) Fourth Five – year plan 4. Heavy industries development.
Codes:
A) 2 4 1 3
B) 1 2 3 4
C) 3 4 2 1
D) 3 4 1 2  

ANSWER

1    A
2    B
3    B
4    C
5    C
6    B
7    D
8    B
9    A
10    D