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 -5
Q.1. Index 'Residex' is associated with _______.
A) Real Estate
B) Share Price
C) Price Inflation
D) Mutual Fund Prices
E) None of these
B) Share Price
C) Price Inflation
D) Mutual Fund Prices
E) None of these
Q.2. The difference between visible exports and visible imports is defined as ________.
A) Balance of trade
B) Balance of payment
C) Fiscal deficiet
D) Balanced terms of trade
E) None of these
B) Balance of payment
C) Fiscal deficiet
D) Balanced terms of trade
E) None of these
Q.3. Consumption of calories as a measure of poverty in India was used for first time by _______.
A) M.N Roy
B) T.N Srinivasan
C) Planning Commission
D) Amartya Sen
E) None of these
B) T.N Srinivasan
C) Planning Commission
D) Amartya Sen
E) None of these
Q.4. 'CAPART' is primarily engaged in .
A) Pollution control
B) e-governance
C) Rural development
D) Share market
E) None of these
B) e-governance
C) Rural development
D) Share market
E) None of these
Q.5. VAT is imposed on
A) Directly on consumer
B) On first stage of production
C) At all stages from production to final sale
D) On final stage of production
E) None of these
B) On first stage of production
C) At all stages from production to final sale
D) On final stage of production
E) None of these
Q.6. What does AGMARK signify?
A) A cooperative for egg production
B) Regulated agricultural produce markets
C) A quality guarantee stamp for agriculture product
D) Regulated agriculture produce markets
E) None of these
B) Regulated agricultural produce markets
C) A quality guarantee stamp for agriculture product
D) Regulated agriculture produce markets
E) None of these
Q.7. The Indian Patent Act, amended in 1999, first came into force in _______.
A) 1960
B) 1970
C) 1980
D) 1950
E) None of these
B) 1970
C) 1980
D) 1950
E) None of these
Q.8. Personal disposable income = __________.
A) Equal to Personal Income - direct taxes
B) Equal to Personal Income - indirect taxes
C) more than personal income
D) Equal to Personal Income
E) None of these
B) Equal to Personal Income - indirect taxes
C) more than personal income
D) Equal to Personal Income
E) None of these
Q.9. Disguised unemployment in India is mainly related to _______.
A) Agriculture sector and rural area
B) Factory sector an urban area
C) Rural area
D) Urban area
E) None of these
B) Factory sector an urban area
C) Rural area
D) Urban area
E) None of these
Q.10. _______ type of unemployment is mainly found in India.
A) Frictional
B) Structural
C) Disguised
D) Cyclical
E) None of these
B) Structural
C) Disguised
D) Cyclical
E) None of these
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