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Economy basics
Central bank of India
Answer: Reserve Bank of India
RBI was established in
Answer: 1935
Year of bank nationalisation (14 banks)
Answer: 1969
Year of economic liberalisation (LPG reforms)
Answer: 1991
GST came into effect on
Answer: 1 July 2017
Full form of GDP
Answer: Gross Domestic Product
NABARD mainly serves
Answer: Agriculture and rural development
Rate at which RBI lends to banks short-term
Answer: Repo rate
Tax on income is a ___ tax
Answer: Direct
GST is a ___ tax
Answer: Indirect