Question Detail

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.

1. Which one among the following formulates the fiscal policy in India ?

Planning Commission
Finance Commission
The Reserve Bank of India
Ministry of Finance

Answer: Option D

2. Which Indian got Nobel Prize for Economics ?

Teressa
Amarthiya Sen
C.V.Raman
None of above

Answer: Option B

3. Deficit financing means that the government borrows money from the ?

Revenue Department
World Bank
RBI
None of above

Answer: Option C

4. National Sample Survey Organisation (NSSO) was established in

1947
1948
1949
1950

Answer: Option D

5. Which industry is the largest ?

Handloom
Sports
Music
Textile

Answer: Option D

Explanation:

Textile industry is the largest industry in the country. The share of Textile and clothing in total industrial production is approx 14%. It provides employment to more than 350 lakh people.