The 'National Income Committee' was chaired by: MCQ with Answer and Explanation

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The 'National Income Committee' was chaired by:

A. D.R. Gadgil

B. V.K.R.V. Rao

C. P.C. Mahalanobis

D. C.R. Krishnaswamy

Answer: Option C

Solution (By JKSSB Mock Tests)

The National Income Committee was chaired by P.C. Mahalanobis.

This question belongs to: Economy GK Economy Set 1

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Question #1

The Reserve Bank of India was nationalized in the year:

A. 1947

B. 1955

C. 1935

D. 1949

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Correct Answer: Option D

Explanation:
The RBI was nationalized in 1949.

This question belongs to: Economy GK Economy Set 1

Question #2

The 'New Development Bank' was established by BRICS in which year?

A. 2014

B. 2015

C. 2016

D. 2012

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Correct Answer: Option A

Explanation:
The New Development Bank was established by BRICS in 2014 and began operations in 2015.

This question belongs to: Economy GK Economy Set 1

Question #3

The 'Fiscal Deficit' in the Union Budget is expressed as a percentage of:

A. Gross Domestic Product

B. revenue receipts

C. total debt

D. total expenditure

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Correct Answer: Option A

Explanation:
Fiscal deficit is conventionally expressed as a percentage of GDP.

This question belongs to: Economy GK Economy Set 1

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