CDS Indian Economy 2

Question 1

Which organisation replaced the Planning Commission of India in 2015?

Accepted Answer

NITI Aayog

Answer

Economic Advisory Council

Answer

Finance Commission

Answer

National Development Council

Question 2

The Goods and Services Tax (GST) was implemented in India on which date?

Accepted Answer

1 July 2017

Answer

1 April 2016

Answer

1 January 2017

Answer

15 August 2017

Question 3

Which Indian bank was the first to be nationalised in 1969?

Accepted Answer

14 major commercial banks simultaneously

Answer

State Bank of India

Answer

Punjab National Bank

Answer

Central Bank of India

Question 4

What is the primary objective of monetary policy in India?

Accepted Answer

Maintaining price stability while keeping growth in mind

Answer

Maximising government revenue

Answer

Controlling fiscal deficit

Answer

Expanding import-export trade

Question 5

Which index measures inflation at the wholesale level in India?

Accepted Answer

Wholesale Price Index (WPI)

Answer

Consumer Price Index (CPI)

Answer

Sensex

Answer

Human Development Index (HDI)

Question 6

The term 'Disinvestment' in the Indian economy refers to:

Accepted Answer

Sale of government equity in public sector undertakings

Answer

Government investing in new public sector enterprises

Answer

Banning foreign direct investment

Answer

Withdrawal of private firms from market

Question 7

Which of the following is a direct tax in India?

Accepted Answer

Income Tax

Answer

Goods and Services Tax

Answer

Customs Duty

Answer

Excise Duty