Question Detail

Gross domestic capital formation is defined as

flow of expenditure devoted to increased or maintaining of the capital stock
expenditure incurred on physical assets only
production exceeding demand
net addition to stock after depreciation

Answer: Option D

1. India stands first in production of pulses ?

True
False

Answer: Option A

2. Which Indian got Nobel Prize for Economics ?

Teressa
Amarthiya Sen
C.V.Raman
None of above

Answer: Option B

3. Small Industries Development Bank of India (SIDBI) was established in :

1986
1987
1988
1989

Answer: Option D

Explanation:

Small Industries Development Bank of India (SIDBI) was established in 1989. Its main function is to provide assistance to small scale industries through state finance corporations, state industrial development corporations, commercial banks etc.

4. Life Insurance Corporation (LIC) of India was established in ?

1955
1956
1957
1958

Answer: Option B

Explanation:

Life Insurance Corporation (LIC) of India was established in September 1956.

5. Which five year plan focused on "Growth with social justice and equity".

Ninth Five Year Plan
Eight Five Year Plan
Seventh Five Year Plan
Sixth Five Year Plan

Answer: Option A