UPSC CSE (Prelims) · General Studies
Indian Economy
25 practice questions, each with the answer and an explanation.
Practise Indian Economy now
Random questions from this topic, one at a time. You see the answer and the explanation straight after each one.
All 25 questions
- In which year was the Reserve Bank of India established?
- Where is the headquarters of the Reserve Bank of India?
- From which date was GST introduced in India?
- The repo rate is the rate at which
- Fiscal deficit is best defined as
- The Planning Commission was replaced by which body in 2015?
- Where is the headquarters of the World Bank?
- Which body regulates the securities market in India?
- Minimum Support Prices for crops are announced by
- Where is the headquarters of the World Trade Organization?
- With reference to monetary management by the Reserve Bank of India (RBI), which of the following operations directly lead to an expansion of liquidity in the banking system?
1. Open market purchase o… - With reference to the Monetary Policy Committee (MPC) of the Reserve Bank of India, consider the following statements: 1. It determines the policy repo rate required to achieve the inflation target. 2…
- With reference to 'Capital Adequacy Ratio' (CAR) under Basel III banking guidelines, which of the following statements is correct?
- Which institution is the central bank of India?
- Which body replaced the Planning Commission in 2015?
- In which year did India launch its first Five-Year Plan?
- Who is regarded as the architect of India's Second Five-Year Plan?
- Which year saw the launch of India's major economic reforms of liberalisation, privatisation and globalisation?
- Who is known as the 'Father of the White Revolution' in India?
- Who is known as the 'Father of the Green Revolution' in India?
- What does 'repo rate' mean?
- What does the 'reverse repo rate' mean?
- Which type of tax is the GST?
- Which tax is an example of a direct tax in India?
- Consider the following statements:
1. The Reserve Bank of India was established in 1949.
2. The Goods and Services Tax is a direct tax.
Which of the statements given above is/are correct?
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