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Indian economy quiz 3

Indian economy quiz 3

The economy of India is characterised as a middle income developing market economy. It is the world\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\'s sixth-largest economy by nominal GDP and the third-largest by purchasing power parity. According to the International Monetary Fund, on a per capita income basis, India ranked 145th by GDP and 122th by GDP.

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Quiz Questions And Answers

Meera Seth Committee was related to

Development of Handlooms
Sex-differentiation in employment
Abolition of child labour

Finance Commission is appointed by the President under Article

256 of constitution
280 of constitution
293 of constitution

National Income estimates in India is prepared

RBI
Finance Ministry
C.S.O.

According to 2001 census the state having highest urban population is

U.P.
Maharashtra
Tamilnadu

The Ex-officio secretary of NDC is

General Secretary of Lok Sabha
Secretary of Finance Ministry
Secretary of Planning Commission

Who is the Chairman of NDC?

Finance Minister
Prime Minister
Planning Minister

VAT is imposed

On first stage of production
On final stage of production
On all stages between production and final sale

The base year of the present Wholesale Price Index (WPI) is

1993-94
1980-81
1971-72

Chairman of Tax Reform committee was

K.P.Narsimham
S. Janakiraman
Raja Chelliah

Mixed Economy means

Co-existence of small and large industries
Promoting both Agriculture and Industries in the economy
Co-existence of public and private sector
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