MCQ on Indian Economy for the preparation of UPSC Civil Services and TPSC, WBSC, APSC, TCS & TPS Examinations

The period of high inflation and low economic growth is termed as:

Stagnation
Take-off stage in economy
Stagflation
Depression

Correct Option: C [ Stagflation ]

Explanation:

NABARD stands for:

National Activated Bank for Agriculture and Rural Development
National Bank for Agriculture and Rural Development
National Agricultural Backward and Rural Development
National Bank for Accelerated Rural Development

Correct Option: B [ National Bank for Agriculture and Rural Development ]

Explanation:

National Development Council was set up in:

1950
1951
1952
1954

Correct Option: C [ 1952 ]

Explanation:

Which of the following is not the part of non-statutory welfare measure ?

Health
Education
Transport
Employees compensation

Correct Option: C [ Transport ]

Explanation:

When was National Bank of Agriculture and Rural Development (NABARD) established ?

6th Dec, 1947
6th Dec, 1982
5th Nov, 1982
7th Oct, 1982

Correct Option: C [ 5th Nov, 1982 ]

Explanation:

Green revolution occurred during:

1945-1955
1965-1975
1985-1995
none of these

Correct Option: B [ 1965-1975 ]

Explanation:

Which period in India is known as plan holiday ?

1961-1966
1965-1966
1966-1969
1969-1974

Correct Option: C [ 1966-1969 ]

Explanation:

Which of the following is a primary sector of economic activities in India ?

Food processing
Telecom services
Manufacturing industry
Agriculture

Correct Option: D [ Agriculture ]

Explanation:

In India, which sector generally suffers from the problem of surplus labour ?

Agriculture
Industry
Service
All of these

Correct Option: A [ Agriculture ]

Explanation:

NPA of a commercial bank means:

Net-Performing Asset
New-Performing Asset
Non-Personal Account
Non-Performing Asset

Correct Option: D [ Non-Performing Asset ]

Explanation: A non performing asset (NPA) is a loan or advance for which the principal or interest payment remained overdue for long period.