Indian Economy — Practice

Question 1

The repo rate is the rate at which

Accepted Answer

B

Question 2

GST came into force on 1 July 2017 through which Constitutional Amendment?

Accepted Answer

C

Question 3

NITI Aayog replaced the Planning Commission with effect from

Accepted Answer

B

Question 4

The fiscal deficit of the government equals

Accepted Answer

C

Question 5

The Reserve Bank of India was established in 1935 and nationalised in

Accepted Answer

B

Question 6

Under India's inflation-targeting framework, the Monetary Policy Committee targets

Accepted Answer

B

Question 7

GDP at market price exceeds GDP at factor cost whenever

Accepted Answer

B

Question 8

The primary deficit equals

Accepted Answer

B

Question 9

The Tendulkar Committee and the Rangarajan Committee are both associated with

Accepted Answer

C

Question 10

The Wholesale Price Index (WPI) is compiled and released by

Accepted Answer

C

Question 11

The Union Budget is formally called the Annual Financial Statement under which Article of the Constitution?

Accepted Answer

B

Practice — Indian Economy