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Indian Economy MCQs with Answer
Q: New Industrial Policy of India was introduced in the year:
A: 1990
B: 1991
C: 1992
D: 1993
Answer
1991
Q: Chairman of the 15th Finance Commission of India-
A: NK Singh
B: YV Reddy
C: Ranghuram Rajan
D: Ramesh Chand
Answer
NK Singh
Q: Which of the following is the main problem in the growth of agriculture sector in Tripura ?
A: About 96 per cent of the land holdings are small and marginal
B: 60 per cent of the total geographical area is forest cover
C: Two-third of the geographical area is hilly
D: All of the above
Answer
All of the above
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: What is hard currency?
A: A stable currency
B: Arranged in war time
C: Issued by IMF
D: Given by RBI to foreign banks
Answer
A stable currency
Q: NITI Aayog, which replaced the Planning commission of India, was formed by a cabinet resolution of the Government of Inda on:
A: 1st January, 2015
B: 26th January, 2015
C: 15th August, 2015
D: None of the above
Answer
1st January, 2015
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
Q: Which organisation looks after the credit need of agriculture and rural development in India ?
A: FCI
B: IDBI
C: NABARD
D: ICAR
Answer
NABARD
Q: If the RBI adopts expansionist open market operations policy, this means that it will:
A: openly announce to the market that it intends to expand credit
B: sell securities in open market
C: offer commercial banks more credit in the open market
D: buy securities from non-government holders
Answer
sell securities in open market
Q: Tertiary sector activities include
A: Cottage industries
B: Mining activities
C: Construction activities
D: Infrastructure services
Answer
Infrastructure services
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