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 -4
Q.1. The Public Distribution System was launched in ________.
A) 1960
B) 1970
C) 1967
D) 1965
E) None of these
B) 1970
C) 1967
D) 1965
E) None of these
Q.2. In India five year plan was introduced by __________.
A) Jawaharlal Nehru
B) Indra Gandhi
C) Lal Bahadur Shastri
D) Lord Mountbatten
E) None of these
B) Indra Gandhi
C) Lal Bahadur Shastri
D) Lord Mountbatten
E) None of these
Q.3. A rolling plan was a plan for ______ year.
A) Two
B) One
C) Three
D) Four
E) None of these
B) One
C) Three
D) Four
E) None of these
Q.4. NAFED is concerned with.
A) Promotion of inter state and export trade of farm produce
B) Marketing of eggs and poultry at national level
C) Movement of consumer goods from surplus area to scarcity areas
D) All of the above
E) None of these
B) Marketing of eggs and poultry at national level
C) Movement of consumer goods from surplus area to scarcity areas
D) All of the above
E) None of these
Q.5. The area under cultivation is declining fast in case of
A) Cotton
B) Wheat
C) Sugarcane
D) Jute
E) None of these
B) Wheat
C) Sugarcane
D) Jute
E) None of these
Q.6. What is Laissez-faire?
A) Mixed economy
B) Controlled economy
C) Non interference of Government in economic affairs
D) Free economy
E) None of these
B) Controlled economy
C) Non interference of Government in economic affairs
D) Free economy
E) None of these
Q.7. ______ is regarded as the founder of Scientific Socialism.
A) Karl Marx
B) Karl Pearson
C) Lenin
D) Engels
E) None of these
B) Karl Pearson
C) Lenin
D) Engels
E) None of these
Q.8. _______ are known as Brettonwoods sisters.
A) IMF & WTO
B) World Bank & WTO
C) World Bank & IMF
D) UNESCO & UNICEF
E) None of these
B) World Bank & WTO
C) World Bank & IMF
D) UNESCO & UNICEF
E) None of these
Q.9. ______ state has lower percentage of people below poverty line .
A) Punjab
B) Kerla
C) Maharashtra
D) Haryana
E) None of these
B) Kerla
C) Maharashtra
D) Haryana
E) None of these
Q.10. The first estimate of national income in India was made by _______.
A) V.K.R.V. Rao
B) Mahalanobis
C) Prof. Sheroi
D) Dadabhai Naroji
E) None of these
B) Mahalanobis
C) Prof. Sheroi
D) Dadabhai Naroji
E) None of these
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