Indian Economy Topics
Postgraduate level — Indian Economy
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filter_alt Topics
National Income
Banking & RBI
Fiscal Policy
Agriculture & Industry
Economic Reforms
quiz Questions
Q61
The budget is presented in Parliament by
Revenue deficit
Finance Minister
Fiscal deficit
Primary deficit
Explanation
Union Budget is presented annually by Finance Minister.
Q62
GST in India was implemented from
Primary deficit
1 July 2017
Revenue deficit
Fiscal deficit
Explanation
Goods and Services Tax started from 1 July 2017.
Q63
GST is a type of
Indirect tax
Fiscal deficit
Primary deficit
Revenue deficit
Explanation
GST subsumed many indirect taxes at union and state levels.
Q64
NITI Aayog was formed in
2015
Revenue deficit
Fiscal deficit
Primary deficit
Explanation
NITI Aayog replaced Planning Commission in 2015.
Q65
The planning body replaced by NITI Aayog was
Revenue deficit
Planning Commission
Primary deficit
Fiscal deficit
Explanation
Planning Commission existed from 1950 to 2014.
Q66
Human Development Index is published by
Revenue deficit
UNDP
Primary deficit
Fiscal deficit
Explanation
UNDP publishes HDI in Human Development Report.
Q67
World Bank headquarters is in
Primary deficit
Fiscal deficit
Revenue deficit
Washington D.C.
Explanation
The World Bank is headquartered in Washington DC.
Q68
IMF headquarters is in
Fiscal deficit
Washington D.C.
Revenue deficit
Primary deficit
Explanation
International Monetary Fund is also headquartered in Washington DC.
Q69
SEBI regulates
Primary deficit
Securities market in India
Fiscal deficit
Revenue deficit
Explanation
SEBI is capital market regulator.
Q70
NABARD is mainly related to
Agriculture and rural development finance
Primary deficit
Fiscal deficit
Revenue deficit
Explanation
NABARD supports rural credit and development.