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MCQ on Indian Economy

Green revolution occurred during:

  • 1945-1955
  • 1965-1975
  • 1985-1995
  • none of these
  • Correct Option: B  [ 1965-1975 ]

    Explanation:

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

  • Health
  • Education
  • Transport
  • Employees compensation
  • Correct Option: C  [ Transport ]

    Explanation:

Which industry employs the largest number of women in India ?

  • Tea
  • Textile
  • Jute
  • Coal
  • Correct Option: B  [ Textile ]

    Explanation:

In India, present trend of rapid urbanization is due to:

  • lack of employment opportunities in rural areas
  • influence of cinema and electronic media
  • break up of joint family system
  • abolition of zamindari tystem
  • Correct Option: A  [ lack of employment opportunities in rural areas ]

    Explanation:

Who is the Chairman of the Fifteenth Finance Commission of India ?

  • Anurag Thakur
  • V. K. Singh
  • R. Jain
  • N. K. Singh
  • Correct Option: D  [ N. K. Singh ]

    Explanation:

Which activity is not included in service sector ?

  • Trade, hotels and restaurants
  • Real estate, finance and insurance
  • Transport and communication
  • Electricity, gas and water supply
  • Correct Option: D  [ Electricity, gas and water supply ]

    Explanation:

A closed economy is an economy in which:

  • the money supply is fully controlled
  • deficit financing takes place
  • only exports take place
  • Neither exports nor imports take place.
  • Correct Option: D  [ Neither exports nor imports take place. ]

    Explanation:

The equilibrium condition for money market is:

  • demand for money should be equal to supply of money
  • cash in hand should be equal to deposits in bank
  • saving is equal to investment
  • bank rate is equal to repo rate
  • Correct Option: A  [ demand for money should be equal to supply of money ]

    Explanation:

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

  • Finance Secretary of India
  • Finance Minister Of India
  • Governor, Reserve Bank of India
  • President Of India
  • Correct Option: C  [ Governor, Reserve Bank of India ]

    Explanation:

What is the 'Repo rate' ?

  • It is the rate at which International Aid Agencies lend to RBI
  • It is the rate at which the banks lend to RBI
  • It is the rate at which RBI borrows from the market
  • It is the rate at which RBI lends to banks
  • Correct Option: D  [ It is the rate at which RBI lends to banks ]

    Explanation: