Indian Economy MCQ Questions and answers for practice | GK

Prasanta Chandra Mahalanobis is associated with formulation of planning strategy in Second five Year plan.

In November 2007, the finance commission constituted by the president of India was thirteenth.

Meera Seth committee was associated with the development of Handloom industry.

The correct answer is Option D: Rs 10 notes.
Here's why:
The Reserve Bank of India (RBI) has been planning to introduce plastic notes for some time.
Plastic notes are more durable than paper notes and are harder to counterfeit.
They also have a longer lifespan.
Initially, the RBI planned to release Rs 10 plastic notes as a pilot project.
While there might be plans for other denominations later, Rs 10 was the denomination first considered for plastic notes.
The other options (Rs 100, Rs 20, and Rs 50) are not the denominations that were initially announced for plastic notes.

First gold refinery was established at Shirpur (Maharashtra).

Green Banking channel has been launched by State Bank of India.

Uttar Pradesh ranks first in milk production as per the data of year 2009-10.

Navaratna Status is concerned with Public Sector Companies.

The name of the movement comes from the word 'Embrace', as the villagers hugged the trees, and prevented the contractors' from felling them. The main aim of the Chipko Movement or Chipko Andolan was to protect the trees of the forests to be cut. It was basically a forest conservation movement.

Finance Commission is constituted after every 5 years.