SSC CGL · Indian Economy — Quick T/F

Exercise and reference answers

Questions

1. Statement is true

   Yes

   Statement

   RBI is the central bank of India.

2. Statement is true

   Yes

   Statement

   GST replaced multiple indirect taxes in India in 2017.

3. Statement is true

   Yes

   Statement

   FDI stands for Foreign Direct Investment.

4. Statement is true

   No

   Statement

   Repo rate is the rate at which RBI borrows from commercial banks.

5. Statement is true

   Yes

   Statement

   NITI Aayog replaced the Planning Commission in 2015.

6. Statement is true

   Yes

   Statement

   Mumbai is the financial capital of India.

Instructions

Decide each statement about the Indian economy.