CDS Indian Economy 2

Question 1

Which organisation replaced the Planning Commission of India in 2015?

Accepted Answer

NITI Aayog

Answer

NITI Aayog (National Institution for Transforming India) replaced the Planning Commission on 1 January 2015.

Question 2

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

Accepted Answer

1 July 2017

Answer

GST was rolled out on 1 July 2017, replacing a complex multi-layered indirect tax structure with a unified tax system.

Question 3

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

Accepted Answer

14 major commercial banks simultaneously

Answer

In July 1969, 14 major commercial banks with deposits above ₹50 crore were nationalised simultaneously under Prime Minister Indira Gandhi.

Question 4

What is the primary objective of monetary policy in India?

Accepted Answer

Maintaining price stability while keeping growth in mind

Answer

The RBI's primary monetary policy objective, mandated by the RBI Act, is maintaining price stability (controlling inflation) while keeping growth in mind.

Question 5

Which index measures inflation at the wholesale level in India?

Accepted Answer

Wholesale Price Index (WPI)

Answer

The Wholesale Price Index (WPI) tracks price changes at the wholesale level, measuring inflation from the producer's perspective in India.

CDS - Combined Defence Services

CDS - Combined Defence Services

CDS Indian Economy 2