Economy

India's First Five-Year Plan (1951-56) gave top priority to?

A Industry
B Agriculture
C Services
D Defence

The Planning Commission of India was set up in the year?

A 1947
B 1950
C 1955
D 1961

The Planning Commission was replaced by which body in 2015?

A Finance Commission
B NITI Aayog
C National Development Council
D RBI

NITI Aayog stands for?

A National Institution for Transforming India
B National Investment and Trade Institute
C National Industrial Training Institute
D National Institute of Tax and Investment

The first CEO of NITI Aayog was?

A Amitabh Kant
B Rajiv Kumar
C Arvind Panagariya
D Suman Bery

Which Five-Year Plan is known as the "Rolling Plan" period due to political instability?

A Fourth
B Fifth
C Sixth
D Seventh (1978-80 Annual Plans)

The Mahalanobis model of industrialization, emphasizing heavy industry, was adopted in which plan?

A First
B Second
C Third
D Fourth

India's Green Revolution primarily began in the state of?

A Bihar
B Punjab
C Odisha
D Kerala

The Green Revolution in India is most associated with which scientist?

A Norman Borlaug and M.S. Swaminathan
B C.V. Raman
C Homi Bhabha
D Vikram Sarabhai

The "White Revolution" in India refers to a boost in production of?

A Cotton
B Milk
C Sugar
D Salt

Operation Flood, related to the White Revolution, is associated with?

A Verghese Kurien
B M.S. Swaminathan
C Norman Borlaug
D C. Subramaniam

The Reserve Bank of India was established in the year?

A 1935
B 1947
C 1949
D 1951

RBI was nationalized in which year?

A 1935
B 1949
C 1955
D 1969

The RBI's Monetary Policy Committee (MPC) primarily decides on?

A Fiscal deficit targets
B The repo rate
C Exchange rate pegs
D GST rates

The repo rate is the rate at which?

A RBI lends short-term funds to commercial banks
B Commercial banks lend to RBI
C RBI pays interest on deposits
D Government borrows from RBI

Reverse repo rate is the rate at which?

A RBI borrows funds from commercial banks
B Banks borrow from RBI
C Government lends to banks
D Banks lend to each other

CRR stands for?

A Cash Reserve Ratio
B Credit Rating Rate
C Central Reserve Regulation
D Capital Rate Requirement

CRR refers to the percentage of deposits that banks must maintain as?

A Cash with RBI
B Loans to priority sectors
C Government bonds
D Gold reserves

SLR stands for?

A Statutory Liquidity Ratio
B Standard Lending Rate
C State Liquidity Reserve
D Systematic Loan Regulation

Banks maintain SLR in the form of?

A Cash only
B Cash, gold, and approved government securities
C Foreign currency only
D Real estate

India's banks were first nationalized in the year?

A 1955
B 1969
C 1980
D 1991

How many banks were nationalized in the first round of bank nationalization (1969)?

A 6
B 10
C 14
D 20

The second round of bank nationalization took place in the year?

A 1975
B 1980
C 1985
D 1991

The New Economic Policy of India (LPG reforms) was launched in the year?

A 1985
B 1991
C 1995
D 2000

LPG reforms of 1991 stand for?

A Land, Population, Government
B Liberalization, Privatization, Globalization
C Loans, Poverty, Growth
D Labour, Production, GDP