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11th Standard English Medium Economics Subject Development Experiences in India Book Back 1 Mark Questions with Solution Part - II

11th Standard

    Reg.No. :
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Economics

Time : 01:00:00 Hrs
Total Marks : 5

    1 Marks

    10 x 1 = 10
  1. Financial sector reforms mainly related to____

    (a)

    Insurance sector

    (b)

    Banking sector

    (c)

    Both a and b

    (d)

    Transport sector

  2. The new economic policy is concerned with the following

    (a)

    Foreign investment

    (b)

    Foreign technology

    (c)

    Foreign trade

    (d)

    All the above

  3. The recommendation of Narashimham Committee Report was submitted in the year ________

    (a)

    1990

    (b)

    1991

    (c)

    1995

    (d)

    2000

  4. The farmers have access to credit under Kisan credit card scheme through the following except

    (a)

    Co-operative banks

    (b)

    RRBs

    (c)

    Public sector banks

    (d)

    all the above

  5. The Raja Chelliah Committee on Trade Policy Reforms suggested the peak rate on import duties at

    (a)

    25%

    (b)

    50%

    (c)

    60%

    (d)

    100%

  6. The first ever SEZ in India was set up at

    (a)

    Mumbai

    (b)

    Chennai

    (c)

    Kandla

    (d)

    Cochin

  7. 'The Hindu Rate of Growth' coined by Raj Krishna refers to

    (a)

    Low rate of economic growth

    (b)

    High proportion of Hindu population

    (c)

    Stable GDP

    (d)

    None

  8. The highest rate of tax under GST is ________(as on July 1, 2017).

    (a)

    18%

    (b)

    24%

    (c)

    28%

    (d)

    32%

  9. The transfer of ownership from public sector to private sector is known as________

    (a)

    Globalization

    (b)

    Liberalization

    (c)

    Privatization

    (d)

    Nationalization

  10. The Goods and Services Tax Act come into effect on ______

    (a)

    1st July 2017

    (b)

    1st July 2016

    (c)

    1st January 2017

    (d)

    1st January 2016

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