Indian Economy Mock Tests

Which of the following is a primary source of information for the government budget?

Consider the following statements about the "Indian Economy": 1. India is the largest economy in South Asia. 2. India is the fifth-largest economy in the world by nominal GDP. 3. India is the largest economy in the world by Purchasing Power Parity (PPP). Which of the statements given above is/are correct?

The "Goods and Services Tax" (GST) was implemented in India from which date?

The Planning Commission of India, which was established in 1950, was replaced by which body and in which year?

The first Five-Year Plan of India was launched in which year?

With reference to the 'Global Financial Stability Report' (GFSR), which organization publishes it?

The 'Global Hunger Index (GHI) 2023' ranked India at which position among 125 countries?

With reference to the monetary policy framework of India, consider the following statements: 1. The Reserve Bank of India uses the Repo Rate as its primary tool for managing inflation and economic growth. 2. The Monetary Policy Committee (MPC) was constituted in 2016 under the amendments to the Reserve Bank of India Act, 1934. 3. The inflation target set by the MPC under the flexible inflation targeting framework is 4% with a tolerance band of +/- 2%. Which of the statements given above is/are correct?