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MCQ on Indian Economy

Question : Which of the following sector gives the largest income in India ?

Option-A : Trade sector

Option-B : Railway

Option-C : Agriculture

Option-D : Service sector

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Question : Sarva Shiksha Abhiyan (SSA) was launched in the IXth Five Year Plan for:

Option-A : education for all

Option-B : education for the weaker sections

Option-C : universalisation of elementary education

Option-D : bridge all the genders and social gaps in education

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Question : Fiscal policy is connected with:

Option-A : exports and imports

Option-B : issue of currency

Option-C : public revenue and public expenditure

Option-D : liquidity of money

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Question : Who wrote the book Planned Economy for India?

Option-A : Jawaharlal Nehru

Option-B : Indira Gandhi

Option-C : M. Visvesvaraya

Option-D : Mahatma Gandhi

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Question : Which is the following is direct tax ?

Option-A : Income tax

Option-B : Excise duty

Option-C : Sales tax

Option-D : None of these

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Question : Mixed economy means an economy where:

Option-A : There is co-existence of public sector along with private sector

Option-B : Both agriculture and Industry are equally promoted by the state

Option-C : There is importance of small scale industries along with heavy industries

Option-D : Economy is controlled by military as well as civilian rulers

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Question : In India, Special Economic Zones were established to enhance:

Option-A : Technology Development

Option-B : Free Trade

Option-C : Foreign Investment

Option-D : Employment

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Question : In which year the Planning commission was set-up?

Option-A : 1949

Option-B : 1950

Option-C : 1951

Option-D : 1952

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Question : Poverty is defined as:

Option-A : A monetary condition brought about by people's own laziness

Option-B : A monetary condition where people do not have enough to satisfy basic needs

Option-C : A monetary and non-monetary conditions where people lack access to community regulated common resources, opportunities and income

Option-D : All of the above

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Question : Whose signature is found on the 1000 rupee note of India?

Option-A :Finance Secretary of India

Option-B :Finance Minister Of India

Option-C :Governor, Reserve Bank of India

Option-D :President Of India

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