Answer: Option B. -> 40%
Answer: (b)The small-scale industries sector plays a vital role in the growth of the country. It contributes almost 40% of the gross industrial value added in the Indian economy.

Answer: Option D. -> Net domestic product at factor cost.
Answer: (d)
National Income is the Net National Product at the factor cost.
(NI = NNP at factor cost = NNP at market price – Indirect taxes + subsidies)

Answer: Option D. -> 1921
Answer: (d)The Imperial Bank of India came into existence on 27 January 1921. It was the oldest and the largest commercial bank of the Indian subcontinent, and was subsequently transformed into State Bank of India in 1955.

Answer: Option A. -> Central Excise Duty
Answer: (a)Income Tax (corporate and non-corporate combined) contribute about 56 per cent of tax revenue of India. But, income tax, apart from agricultural income is shared between the Union and states. Among the given options, Excise duty is the chief and single largest source of revenue income.

Answer: Option C. -> 1957
Answer: (c)India changed from the rupee, anna, pie system to decimal currency on 1 April 1957. To distinguish between the two, the coins minted between 1957 and 1964 have the legend “Naya Paisa” (“new” paisa).

Answer: Option B. -> Promoting financial inclusion in the country
Answer: (b)
Pradhan Mantri Jan Dhan Yojana is India's national mission for financial inclusion to ensure access to financial services, namely banking savings & deposit accounts, remittance, credit, insurance, pension in an affordable manner.
This financial inclusion campaign was launched by the Prime Minister of India Narendra Modi on 28 August 2014.

Answer: Option C. -> 1994
Answer: (c)
A currency is deemed convertible on the current account if it can be freely converted into other convertible currencies for the purchase and sale of commodities and services.
For example, if the rupee is convertible on the current account an Indian firm should be able to freely convert the rupee into Yen (JPY) to purchase from a Japanese Company.
Since August 20, 1994, the rupee has been made a freely convertible currency on the current account.

Answer: Option C. -> Tertiary sector
Answer: (c)
During the last decade, the tertiary sector has shown remarkable expansion. The economy is divided into three sectors on the basis of activities–primary, secondary and tertiary.
Primary sector is involved in agriculture, the secondary sector is involved in manufacturing, mining, construction while the tertiary sector is involved in trade, transport, communication, banking & other services. In the last decade, India has expanded maximum in providing services like IT, Telecommunication, Healthcare, Tourism which is contributing around 60% to GDP.

Answer: Option D. -> Central Statistical Organization
Answer: (d)
The National Income Unit of the Central Statistical Organisation (CSO) is responsible for the estimation of national income. It is responsible for the coordination of statistical activities in India, and evolving and maintaining statistical standards.
CSO’s other works include: conduct of the Annual Survey of Industries, Economic Censuses and its follow up surveys, a compilation of Consumer Price Indices for Urban Non-Manual Employees, etc.

Answer: Option A. -> Jammu and Kashmir
Answer: (a)
State Government transactions are carried out by the Reserve Bank of India in terms of the agreement entered into with the State Governments in terms of section 21 A of the Act.
As of now, such agreements exist between RBI and all the State Governments except with the Government of Jammu and Kashmir.