The first Narasimham Committee of 1991 was appointed to recommend reforms in: MCQ with Answer and Explanation

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The first Narasimham Committee of 1991 was appointed to recommend reforms in:

A. agricultural pricing

B. the financial system and banking sector

C. capital markets only

D. indirect taxes

Answer: Option B

Solution (By JKSSB Mock Tests)

The Narasimham Committee was appointed to recommend financial system and banking sector reforms.

This question belongs to: Economy GK Economy Set 1

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Question #1

The 'Goods and Services Tax' on club membership fees is:

A. 12%

B. 18%

C. 5%

D. 0%

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Correct Answer: Option B

Explanation:
Club membership fees attract 18% GST.

This question belongs to: Economy GK Economy Set 1

Question #2

The 'Fifth Five Year Plan' period was:

A. 1974-1979

B. 1971-1976

C. 1969-1974

D. 1980-1985

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Correct Answer: Option A

Explanation:
The Fifth Five Year Plan covered 1974-1979.

This question belongs to: Economy GK Economy Set 1

Question #3

The 'International Finance Corporation' is a member of the:

A. World Bank Group

B. IMF

C. WTO

D. United Nations only

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Correct Answer: Option A

Explanation:
IFC is a member of the World Bank Group.

This question belongs to: Economy GK Economy Set 1

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