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Indian Economy MCQs with Answer
Q: Which prograrnme gave the slogan,
Garibi Hatao
?
A: 4th Five Year Plan
B: 5th Five year plan
C: 6th Five Year Plan
D: 7th Five year plan
Answer
5th Five year plan
Q: Which of the following products of Tripura ranks Second in all India level in terms of production ?
A: Paddy
B: Bamboo
C: Natural gas
D: Natural rubber
Answer
Natural rubber
Q: Gilt-edged market means:
A: Market of government securities
B: Bullion market
C: Market of commodities
D: Market of pure metals
Answer
Market of government securities
Q: If withdrawal of a worker from employment does not create any output loss, this situation is known as
A: Search unemployment
B: Voluntary unemployment
C: Disguised unemployment
D: Frictional unemployment
Answer
Disguised unemployment
Q: Who is the Chairman of the Fifteenth Finance Commission of India ?
A: Anurag Thakur
B: V. K. Singh
C: R. Jain
D: N. K. Singh
Answer
N. K. Singh
Q: The growth of per capita income of current prices is higher than that of per capita income at constant prices because the later takes into account the rate of
A: growth of population
B: increase in price level
C: growth of money supply
D: increase in the wage rate
Answer
increase in price level
Q: Which of the following sources provides highest tax revenue to Government of India?
A: Personal Income Tax
B: Excise Duty
C: Corporation Tax
D: Customs Duty
Answer
Corporation Tax
Q: In the context of Indias Five Year Plans a shift in the pattern of industrialisation with lower emphasis on heavy industries and more on infrastructure begin in:
A: Fourth Plan
B: Sixth Plan
C: Eight Plan
D: Tenth Plan
Answer
Sixth Plan
Q: Scheme run under MGNREGA are sponsored :
A: by the Central Government alone
B: by the State Government alone
C: partly by the Central Government and partly by the State Government
D: by Centre, State and Panchayat bodies together
Answer
partly by the Central Government and partly by the State Government
Q: The full form of GST is:
A: General Sales Tax
B: Goods and Services Tax
C: Government Special Tax
D: General Service Tax
Answer
Goods and Services Tax
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