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 -3
Q.1. 'Take off stage' in an economy means
A) Steady growth begins
B) All controls are removed
C) Economy is about to collapse
D) Economy is stagnant
E) None of these
B) All controls are removed
C) Economy is about to collapse
D) Economy is stagnant
E) None of these
Q.2. 70% of working population of India is engaged in .
A) Public sector
B) Primary sector
C) Tertiary sector
D) Secondary sector
E) None of these
B) Primary sector
C) Tertiary sector
D) Secondary sector
E) None of these
Q.3. _______ is known as the 'Father of Economics'.
A) Adam Smith
B) Max Muller
C) Karl Pearson
D) Karl Marx
E) None of these
B) Max Muller
C) Karl Pearson
D) Karl Marx
E) None of these
Q.4. Decentralization system was recommended by_______.
A) Ashok Mehta
B) Balwant Rai Mehta
C) J.B Kripalan
D) C. Rajagopalchari
E) None of these
B) Balwant Rai Mehta
C) J.B Kripalan
D) C. Rajagopalchari
E) None of these
Q.5. The cause of inflation is.
A) Increase in money supply and fall in production
B) Decrease in money supply and rise in production
C) Fall in production
D) Increase in money supply
E) None of these
B) Decrease in money supply and rise in production
C) Fall in production
D) Increase in money supply
E) None of these
Q.6. Monetary Policy is regulated by ________.
A) Money lenders
B) Government policy
C) Private entrepreneurs
D) Central banks
E) None of these
B) Government policy
C) Private entrepreneurs
D) Central banks
E) None of these
Q.7. How many languages are used in ten rupee note?
A) 10
B) 12
C) 15
D) 20
E) None of these
B) 12
C) 15
D) 20
E) None of these
Q.8. The first Bank established in India was?
A) State Bank Of India
B) Traders Bank
C) Bank of Hindustan
D) Punjab National Bank
E) None of these
B) Traders Bank
C) Bank of Hindustan
D) Punjab National Bank
E) None of these
Q.9. ______ animal is on the insignia of the RBI.
A) Tiger
B) Lion
C) Peacock
D) Panther
E) None of these
B) Lion
C) Peacock
D) Panther
E) None of these
Q.10. Octroi is levied and controlled by _______.
A) Centre Government
B) Local Bodies
C) State Government
D) All of the above
E) None of these
B) Local Bodies
C) State Government
D) All of the above
E) None of these
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