MCQOPTIONS
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MCQOPTIONS
This section includes 291 Mcqs, each offering curated multiple-choice questions to sharpen your Indian Economy knowledge and support exam preparation. Choose a topic below to get started.
| 51. |
Indian economy is a |
| A. | Mixed economy |
| B. | Communistic economy |
| C. | Capitalistic economy |
| D. | Centralised economy |
| Answer» B. Communistic economy | |
| 52. |
Maruti cars are mainly based on |
| A. | Japanese Technology |
| B. | Korean Technology |
| C. | Russian Technology |
| D. | German Technology |
| Answer» B. Korean Technology | |
| 53. |
The Industrial Development Bank of India was set up in |
| A. | July, 1968 |
| B. | July, 1966 |
| C. | July, 1964 |
| D. | July, 1962 |
| Answer» D. July, 1962 | |
| 54. |
How does agriculture promote the Indian industrial development ? |
| A. | By opening up market for industrial products |
| B. | By providing food and clothing to labourers |
| C. | By supplying raw materials |
| D. | All of the given options |
| Answer» E. | |
| 55. |
Indian economy is an example of a mixed economy because, |
| A. | urban sector coexists with vast rural sector |
| B. | traditional subsistence economy coexists with modern economy |
| C. | private sector coexists with public sector enterprises |
| D. | monopoly elements coexist with competitive elements |
| Answer» D. monopoly elements coexist with competitive elements | |
| 56. |
From the national point of view which of the following indicates Micro Approach? |
| A. | Per capita income in India |
| B. | |
| C. | Study of sales of TISCO |
| D. | Inflation in India |
| E. | Educated Unemployment in India |
| Answer» C. Study of sales of TISCO | |
| 57. |
Indian Economy is a/an : |
| A. | Independent Economy |
| B. | Mixed Economy |
| C. | Capitalist Economy |
| D. | Communist Economy |
| Answer» C. Capitalist Economy | |
| 58. |
Which bank is limited to the needs of agriculture and rural finance ? |
| A. | RBI |
| B. | SBI |
| C. | IFC |
| D. | NABARD |
| Answer» E. | |
| 59. |
The slogan Garibi Hatao was included in the |
| A. | Second plan |
| B. | First plan |
| C. | Fifth plan |
| D. | Fourth plan |
| Answer» D. Fourth plan | |
| 60. |
RBI s deadline to exchange pre 2005 currency notes of Rs. 500 and Rs. 1000 is |
| A. | January 1, 2015 |
| B. | December 31, 2015 |
| C. | April 1, 2015 |
| D. | March 31, 2015 |
| Answer» C. April 1, 2015 | |
| 61. |
The nationalisation of major commercial banks took place in |
| A. | 1947 |
| B. | 1956 |
| C. | 1969 |
| D. | 1980 |
| Answer» D. 1980 | |
| 62. |
The duration of the Twelfth Five Year Plan is |
| A. | 1 January, 2012 to 31 December, 2017 |
| B. | 1 April, 2011to 31 March, 2016 |
| C. | 1 January, 2011 to 31 December, 2016 |
| D. | 1April, 2012to 31March, 2017 |
| Answer» E. | |
| 63. |
Lender of the Last Resort is : |
| A. | SBI |
| B. | IDBI |
| C. | NABARD |
| D. | RBI |
| Answer» E. | |
| 64. |
Corporate loans are given to: |
| A. | Limited Companies |
| B. | Limited Individuals |
| C. | Proprietary concerns |
| D. | Limited Educational Institutions |
| Answer» B. Limited Individuals | |
| 65. |
Deen Dayal Antyodaya Yojana launched on September 25, 2014 is related to : |
| A. | Skill development in rural and urban areas |
| B. | Food security to old age rural people |
| C. | Poverty alleviation among SC/ST |
| D. | Women empowerment |
| Answer» B. Food security to old age rural people | |
| 66. |
Which of the following institution deals with credit to agriculture and rural development ? |
| A. | RBI |
| B. | SIDBI |
| C. | NABARD |
| D. | MFI |
| Answer» D. MFI | |
| 67. |
Which one is not included in NonBanking Financial Institutions (NBFIs)? |
| A. | EXIM |
| B. | SIDBI |
| C. | NABARD |
| D. | BOI |
| Answer» E. | |
| 68. |
Name the Indian State with the highest tax revenue. |
| A. | Assam |
| B. | Sikkim |
| C. | Karnataka |
| D. | Maharashtra |
| Answer» E. | |
| 69. |
India s share in total global trade in value terms is: |
| A. | less then 1% but more than 1/2 % |
| B. | more than 2% |
| C. | less than 1/2 % |
| D. | between 1% and 2% |
| Answer» C. less than 1/2 % | |
| 70. |
Dr. P. Rama Rao Committee is related to which of the following? |
| A. | Taxes |
| B. | Defence |
| C. | Industry |
| D. | Agriculture |
| Answer» C. Industry | |
| 71. |
Swarna Jayanti Gram Swarojgar Yojana has now been restructured as |
| A. | Prime Minister s Rojgar Yojana |
| B. | National Rural Livelihoods Mission |
| C. | Jawahar Gram Samriddhi Yojana |
| D. | Sampoorna Gramin Rojgar Yojana |
| Answer» C. Jawahar Gram Samriddhi Yojana | |
| 72. |
Mission Indradhanush a programme introduced recently in the country by the NDA Government is related to: |
| A. | Systematic immunization of children against disease |
| B. | Providing insurance cover to farmers against crop failure |
| C. | Development of fisheries in rural areas |
| D. | Development of multiple cropping in hilly region |
| Answer» B. Providing insurance cover to farmers against crop failure | |
| 73. |
The industry having the largest investment in Indian Economy is |
| A. | Tea |
| B. | Cement |
| C. | Steel |
| D. | Jute |
| Answer» D. Jute | |
| 74. |
HRIDAY scheme launched by Urban Development Ministry aims at |
| A. | Education of girl child |
| B. | Development of smart cities |
| C. | Urban sewage treatment |
| D. | Development of heritage sites |
| Answer» E. | |
| 75. |
Which of the following programmes meet the credit needs of poor women? |
| A. | Mahila Samriddhi Yojna |
| B. | Rashtriya Mahila Kosh |
| C. | Indira Mahila Yojna |
| D. | Mahila Samakhya Programme |
| Answer» C. Indira Mahila Yojna | |
| 76. |
Commercial banks lend to which of the following Priority sectors ? |
| A. | Heavy Industries |
| B. | Agriculture, Small scale industries |
| C. | Foreign Companies |
| D. | State Government in emergency situation |
| Answer» C. Foreign Companies | |
| 77. |
Scheduled bank is a bank whichis |
| A. | Nationalised |
| B. | Not Nationalised |
| C. | Based in foreign Country |
| D. | Included in the second schedule of RBI |
| Answer» E. | |
| 78. |
What is the maximum number of days of employment a rural poor would get under MGNREGA ? |
| A. | 180 days |
| B. | 120 days |
| C. | 100 days |
| D. | 90 days |
| Answer» D. 90 days | |
| 79. |
Which State Government has launched the Smart Village Programme, to improve public facilities in village? |
| A. | Maharashtra |
| B. | Rajasthan |
| C. | Odisha |
| D. | Gujarat |
| Answer» E. | |
| 80. |
The Kaushal Kendra (skilling center) under the Pradhan Mantri Mudra Yojana has been inaugurated in the city of ___ |
| A. | Noida |
| B. | Kolkata |
| C. | Mumbai |
| D. | Hyderabad |
| Answer» B. Kolkata | |
| 81. |
Which State Government has recently abolished agriculture income tax |
| A. | Karnataka |
| B. | Rajasthan |
| C. | Bihar |
| D. | Assam |
| Answer» B. Rajasthan | |
| 82. |
The rate at which RBI gives short term loan to commercial banks is called |
| A. | Repo rate |
| B. | Reverse Repo rate |
| C. | Bank rate |
| D. | Cash Reserve rate |
| Answer» B. Reverse Repo rate | |
| 83. |
Prime Minister s Ujjwala Yojana is related to |
| A. | Free distribution of LPG connections to socially backward classes. |
| B. | Free electric connections to members of Scheduled Castes and Scheduled Tribes. |
| C. | Mass immunisation campaign for children. |
| D. | None of the these |
| Answer» B. Free electric connections to members of Scheduled Castes and Scheduled Tribes. | |
| 84. |
Project Sankalp started for the purpose ________ |
| A. | To eradicate illiteracy |
| B. | To eradicate Polio |
| C. | To eliminate AIDS/HIV |
| D. | To eliminate unemployment |
| Answer» D. To eliminate unemployment | |
| 85. |
As per newspapers report what percent of Government stake will be disinvested in Rashtriya Ispat Nigam Ltd. (RINL) ? |
| A. | 5% |
| B. | 50% |
| C. | 10% |
| D. | 12% |
| Answer» D. 12% | |
| 86. |
The law of Increasing Returns means |
| A. | increasing cost |
| B. | Decreasing cost |
| C. | increasing production |
| D. | increasing income |
| Answer» C. increasing production | |
| 87. |
If the marginal returan encrease at a diminishing rate, the total return |
| A. | increases |
| B. | decreases |
| C. | remains constant |
| D. | becomes income |
| Answer» C. remains constant | |
| 88. |
The market in which loans of money can be obtained is called |
| A. | Reserve market |
| B. | Institutional market |
| C. | Money market |
| D. | Exchange market |
| Answer» D. Exchange market | |
| 89. |
Which one of the following is not a scheme/project of the present Government? |
| A. | AMRUT |
| B. | Swachh Bharat |
| C. | AYUSH |
| D. | Jan Dhan Yojana |
| Answer» C. AYUSH | |
| 90. |
The Swarna Jayanti Shahari Rojgar Yojna (SJSRY) mainly aims at creating employment opportunities for |
| A. | both self employment and wage employment in urban areas |
| B. | self employment in urban areas only |
| C. | wage employment in urban areas only |
| D. | None of these |
| Answer» B. self employment in urban areas only | |
| 91. |
Which of the following controls the insurance business of India? |
| A. | RBI |
| B. | IDBI |
| C. | SEBI |
| D. | IRDA |
| Answer» E. | |
| 92. |
The GST (Goods and Services Tax), recently passed by Government will be levied on which of the following products ? |
| A. | Petroleum Crude |
| B. | Tobacco |
| C. | Natural Gas |
| D. | Aviation Turbine Fuel |
| Answer» C. Natural Gas | |
| 93. |
Which of the following are used to calculate economic freedom of a country? |
| A. | Rule of Law, Regulatory Efficiency, Market Openness, Government Size |
| B. | Gross domestic product, Regulatory Efficiency, Market Openness, Foreign Direct Investment |
| C. | Rule of Law, Inflation, Gross domestic product growth rate, Government Size |
| D. | Rule of Law, Regulatory Efficiency, Inflation, Foreign Direct Investment |
| Answer» E. | |
| 94. |
When was the Pradhan Mantri Fasal Bima Yojana launched ? |
| A. | February 2000 |
| B. | February 2015 |
| C. | January 2016 |
| D. | February 1995 |
| Answer» D. February 1995 | |
| 95. |
Who prepares National Income in India? |
| A. | Planning commission |
| B. | Central Statistical Organization |
| C. | Reserve Bank of India |
| D. | National Income Committee |
| Answer» C. Reserve Bank of India | |
| 96. |
How do you calculate the poverty line? |
| A. | Income of an individual under a threshold value published by Government of India |
| B. | Income of any individual less than 50 INR in a day |
| C. | Average income of all the individuals in a country |
| D. | Income of a family less than 100 INR in a day |
| Answer» B. Income of any individual less than 50 INR in a day | |
| 97. |
When was the Mumbai Stock Exchange set up? |
| A. | 1947 |
| B. | 1900 |
| C. | 1857 |
| D. | 1875 |
| Answer» E. | |
| 98. |
When was RBI established? |
| A. | 1943 |
| B. | 1935 |
| C. | 1939 |
| D. | 1936 |
| Answer» C. 1939 | |
| 99. |
SIDBI stands for : |
| A. | Small Industrial Designed Bank of India |
| B. | Small Industries Development Bank of India |
| C. | Small Innovations Development Banker s Institute |
| D. | Small Industries Development Banker Institute |
| Answer» C. Small Innovations Development Banker s Institute | |
| 100. |
In the national context which of the following indicates Macro Approach ? |
| A. | Inflation in India. |
| B. | Sales of Bata Shoe Company |
| C. | Exports of Mangoes to UK |
| D. | Income from Railways. |
| Answer» D. Income from Railways. | |