Below we have published 10 Indian Economy GK Question with Answers helpful for competitive examinations. If you want to score maximum in your exam must solve each question sincerely and if you came across any new term, try to find more knowledge about it on internet to improve your knowledge.
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Indian Economy MCQs Test Paper -1
Q.1. What is the sex ratio of India according to Census 2011?
A) 940
B) 941
C) 943
D) 945
E) None of these
B) 941
C) 943
D) 945
E) None of these
Q.2. GDP stands for ______.
A) Goods National Product
B) Gross National Product
C) Gross Net Product
D) Gross National Production
E) None of these
B) Gross National Product
C) Gross Net Product
D) Gross National Production
E) None of these
Q.3. ______ controls monetary policy of India.
A) RBI
B) SBI
C) Finance Ministry
D) SEBI
E) None of these
B) SBI
C) Finance Ministry
D) SEBI
E) None of these
Q.4. The 13th Finance Commission has been constituted under the chairmanship of _______.
A) C Rangarajan
B) Vijay L Kelkar
C) YSP Thorat
D) Montek Singh Ahluwalia
E) None of these
B) Vijay L Kelkar
C) YSP Thorat
D) Montek Singh Ahluwalia
E) None of these
Q.5. Banking sector falls under ______ sector.
A) Service
B) Pesiculture
C) Manufacturing
D) Primary
E) None of these
B) Pesiculture
C) Manufacturing
D) Primary
E) None of these
Q.6. Who is the Deputy Chairman of Planning Commission?
A) Railways Minister
B) Prime Minister
C) Finance Minister
D) Commerce Minister
E) None of these
B) Prime Minister
C) Finance Minister
D) Commerce Minister
E) None of these
Q.7. Which one of the following is the task of the Planning Commission?
A) Preparation of the plan
B) Implementation of the plan
C) Financing of the plan
D) Both (a) and (b)
E) None of these
B) Implementation of the plan
C) Financing of the plan
D) Both (a) and (b)
E) None of these
Q.8. The strategic aim of IRDP is ________.
A) To reduce unemployment
B) To provide the required inputs for increasing agricultural productivity
C) To provide more opportunities for rural employment and credit facilities at concessional rate of interest
D) All of these
E) None of these
B) To provide the required inputs for increasing agricultural productivity
C) To provide more opportunities for rural employment and credit facilities at concessional rate of interest
D) All of these
E) None of these
Q.9. ______ is the minimum calorie intake decided by the Planning Commission for rural and urban areas, respectively ?
A) 2100and 2400
B) 2400 and 2200
C) 2100 and 2200
D) 2400 and 2100
E) None of these
B) 2400 and 2200
C) 2100 and 2200
D) 2400 and 2100
E) None of these
Q.10. A very rapid growth in prices in which money loses its value to the point where even barter may be preferable is known as _______.
A) Inflation
B) Hyper-inflation
C) Deflation
D) Disinflation
E) None of these
B) Hyper-inflation
C) Deflation
D) Disinflation
E) None of these
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