Indian Economy GK Questions

1. By whom was the first attempt to initiate economic planning in India made? – By M. Visvesvaraya 

2. In India, what is the present trend of rapid urbanisation? – Lack of employment opportunities in rural areas 

3. When was decimal coinage introduced in India? – 1957 

4. Which is at the apex of Industrial Finance in India? – Industrial Development Bank of India

 5. By which bill does the government make arrangement for the collection of revenues for a year? – Finance Bill 

6. Which place does Buyer’s market denote? – The demand exceeds the supply 

7. Which forms the largest share of deficit in Govt. of India budget? – Fiscal deficit 

8. Which Committee was formed to suggest means for eradicating black money? – Cheiliah Committee 

9. Which is the Highest milk producer in India? – U. P. 

10. With which was Tarapore Committee associated? – Fuller capital account convertibility