The 'National Income Committee' in independent India was appointed in which year? MCQ with Answer and Explanation

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The 'National Income Committee' in independent India was appointed in which year?

A. 1950

B. 1947

C. 1952

D. 1949

Answer: Option D

Solution (By JKSSB Mock Tests)

The National Income Committee was appointed in 1949.

This question belongs to: Economy GK Economy Set 1

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Question #1

The 'Consumer Price Index - Industrial Workers' is compiled by:

A. CSO

B. RBI

C. Labour Bureau

D. NITI Aayog

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Correct Answer: Option C

Explanation:
CPI-IW is compiled by the Labour Bureau.

This question belongs to: Economy GK Economy Set 1

Question #2

The 'currency chests' in India are operated by:

A. RBI only

B. treasury departments

C. post offices

D. banks on behalf of RBI

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Correct Answer: Option D

Explanation:
Currency chests are operated by selected banks on behalf of the RBI for currency storage and distribution.

This question belongs to: Economy GK Economy Set 1

Question #3

The value of the SDR is based on a basket of how many currencies?

A. 3

B. 5

C. 4

D. 6

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Correct Answer: Option B

Explanation:
The SDR basket consists of five currencies: US dollar, euro, Chinese yuan, Japanese yen and British pound.

This question belongs to: Economy GK Economy Set 1

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