Indian Economics GK Questions and Answers
Has the minimum support price for agricultural produce been announced?
(A) National Commission for Farmers
(B) Planning Commission
(C) Food Corporation of India
(D) Agricultural Costs and Prices Commission
Correct Answer : D
In which five-year plan shifted its priority from development to defense?
(A) 1st
(B) 2nd
(C) 3rd
(D) 4th
Correct Answer : D
During the time of Which five-year plan three iron-steel plants were set up in the country?
(A) 1st
(B) 2nd
(C) 3rd
(D) 4th
Correct Answer : B
During the time of which five-year plan period was the Sahayata Club established in India?
(A) 2nd
(B) 3rd
(C) 4th
(D) 7th
Correct Answer : A
In which city is the Agricultural Cost and Price Commission located?
(A) New Delhi
(B) Mumbai
(C) Chennai
(D) Pune
Correct Answer : A
Central bank of our country is
(A) State Bank of India
(B) Reserve Bank of India
(C) Central Bank of India
(D) Bank of Baroda
Correct Answer : B
Explanation :
1. The central bank of our country is the Reserve Bank of India.
2. It is the supreme bank of India and determines the monetary policy of the country.
3. RBI was established on April 1, 1935 under the Reserve Bank of India Act, 1934.
Which period of the Seventh Five Year Plan was?
(A) 1987-92
(B) 1986-91
(C) 1985-90
(D) none of these
Correct Answer : C
Which of the following five-year plans did the rate of economic growth exceed its target?
(A) 4
(B) 5
(C) 7
(D) 8
Correct Answer : D
The highest body approving the five-year plan is the?
(A) Planning Commission
(B) Finance Commission
(C) National Development Council
(D) Union Cabinet
Correct Answer : C
On which date the National Development Council was constituted?
(A) 16 August 1950
(B) 6 August 1952
(C) 16 August 1952
(D) 1st April 1951
Correct Answer : B
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Rajesh Bhatia
A Writer, Teacher and GK Expert. I am an M.A. & M.Ed. in English Literature and Political Science. I am highly keen and passionate about reading Indian History. Also, I like to mentor students about how to prepare for a competitive examination. Share your concerns with me by comment box. Also, you can ask anything at linkedin.com/in/rajesh-bhatia-7395a015b/.
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