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Indian Economy MCQs with Answer
Q: Which activity is
not
included in service sector ?
A: Trade, hotels and restaurants
B: Real estate, finance and insurance
C: Transport and communication
D: Electricity, gas and water supply
Answer
Electricity, gas and water supply
Q: Where is the headquarter of State Bank of India (SBI) situated ?
A: Delhi
B: Mumbai
C: Pune
D: Srinagar
Answer
Mumbai
Q: National Development Council was set up in:
A: 1950
B: 1951
C: 1952
D: 1954
Answer
1952
Q: Green revolution occurred during:
A: 1945-1955
B: 1965-1975
C: 1985-1995
D: none of these
Answer
1965-1975
Q: Which one of the following is an indirect tax levied by the Central Government in India ?
A: Service tax
B: Corporate Income tax
C: Profession tax
D: Agricultural Income tax
Answer
Service tax
Q: The architect of the Second Five Year Plan was :
A: Mahatma Gandhi
B: Subhash Chandra Bose
C: P. C. Mahalanobis
D: None of them
Answer
P. C. Mahalanobis
Q: Which of the following Committees are related to Banking reforms: i) Narsimham Committee ii) P J Nayak Committee iii) Sunil Mehta Committee iv) Nachiket Mor Committee
A: (i), (ii) and (iii) only
B: (ii), (iii) and (iv) only
C: (i) and (iv) only
D: (i), (ii), (iii) and (iv)
Answer
(i), (ii), (iii) and (iv)
Q: Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act, popularly known as Black Money Act, 2015 came into effect from :
A: 1st April, 2015
B: 1st May, 2015
C: 1st June, 2015
D: 1st July, 2015
Answer
1st July, 2015
Q: In India, which sector generally suffers from the problem of surplus labour ?
A: Agriculture
B: Industry
C: Service
D: All of these
Answer
Agriculture
Q: Economic growth is usually coupled with ___________.
A: deflation
B: inflation
C: Stagflation
D: hyper inflation
Answer
inflation
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