Indian Economy

1.		Which of the following is a type of direct tax in India?

Service tax

Excise duty

Corporate tax

Value-added tax (VAT)

2.		The 'National Rural Livelihood Mission' was launched in:

2005

2009

2013

2015

3.		Which of the following is not a feature of a socialist economy?

Public ownership of means of production

Central planning by the government

Emphasis on profit maximization

Provision of social welfare

4.		Which of the following is not a feature of the 'Green Revolution'?

Use of high-yielding varieties of seeds

Use of chemical fertilizers

Use of irrigation facilities

Use of organic farming techniques

5.		Which of the following is not a function of the Reserve Bank of India (RBI)?

Issuing currency notes and coins

Regulating the money supply in the economy

Conducting monetary policy

Regulating the prices of essential commodities

6.		Which of the following is not a component of India's financial system?

Banks

Insurance companies

Stock exchanges

Agricultural cooperatives

7.		Which of the following is NOT a pillar of sustainable development?

Economic growth

Social development

Environmental protection

Political stability

8.		Which of the following is not a feature of a mixed economy?

Private and public sectors coexist

Resources are owned by both private and public sectors

Government controls all the resources

Price mechanism is used to determine the prices of goods and services

9.		Which of the following sectors of the Indian economy has the highest share in the country's Gross Domestic Product (GDP)?

Agriculture

Manufacturing

Services

Mining

10.		What is the role of the Finance Commission in Fiscal Federalism?

To allocate resources between the central and state governments

To regulate the banking sector

To promote foreign investment

To regulate the stock market