Indian Economy Section 2 MCQs


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26. Which of the following IT companies had to cease its India operations in 1970s in the wake of the FERA restrictions and which reestablished itself only after 1992 when Economic Liberalization in India took place?

(A) Oracle
(B) IBM
(C) IBS Software Services
(D) Dell

Correct Answer: (B) IBM

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27. Which among the following sector contributes maximum to GDP in India?

(A) Primary sector
(B) Secondary Sector
(C) Tertiary sector
(D) Quaternary sector

Correct Answer: (C) Tertiary sector

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28. In context with the employment programmes in India, which among the following was the first to mandate child-care facilities for women at work sites?

(A) Shahari Rojgar Yojna
(B) Swaran Jayanti gram Swarozgar Yojna
(C) National Rural Employment Guarantee Act
(D) Jawahar Rozgar Yojna

Correct Answer: (C) National Rural Employment Guarantee Act

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29. In a progressive tax , the following statements holds true:

(A) Yield from Income tax increases as the national income increases.
(B) Yield from income tax decreases as the national income increases
(C) Yield from income tax does not alter as the national income increases
(D) Yield from income tax may increase or decrease as the national income increases

Correct Answer: (A) Yield from Income tax increases as the national income increases.

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30. Bombay Plan was presented in which year?

(A) 1934
(B) 1940
(C) 1942
(D) 1944

Correct Answer: (D) 1944

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