Economics Quiz

Often we see that some questions related to Indian Economics are always asked in examinations conducted by SSC. The main objective of these questions is to test the candidate's knowledge in the subject. So here we are asking you some questions in the form of quiz to enhance your knowledge.

1) What is the effect of Deficit financing?

a) Deflation

b) Recession

c) Inflation

d) Depression

FIVE YEARS PLAN

The Planning Commission was set up in March, 1950 by a Resolution of the Government of India. The economy of India is based on planning through its five-year plans, developed, executed and monitored by the Planning Commission . With the Prime Minister as the ex-official Chairman, the commission has a nominated Deputy Chairman, who has rank of a Cabinet minister. Montek Singh Ahluvaliya was  the last Deputy Chairman of the Commission. The eleventh plan completed its term in March 2012 and twelfth plan is currently underway.

Daily GK Update - 16th January 2015

1. Haryana picks Ramdev as brand ambassador

i. The Haryana government plans to promote yoga and ayurveda in a big way, and has appointed yoga guru Ramdev as its brand ambassador. 

ii.  Haryana's minister of sports and health Anil Vij said a herbal forest would be developed over thousands of acres of land in the state where plants of 25 thousand species of ayurvedic herbs would be grown under the supervision of the yoga guru and his close aide Balkrishna.

iii. An ayush wing was being established in all the hospitals of Haryana for which 550 doctors would have to do a refresher course under the supervision of the yoga guru.