Top 550+ Solved Indian Economy MCQ Questions Answer
Q. The existence of a Parallel Economy or Black Money: [CPO SI 2003]
a. makes the economy more competitive
b. makes the monetary policies less effective
c. ensures a better distribution of income and wealth
d. ensures increasing productive investment
Q. Put the main sources of revenue of the Central Government in ascending order ofimportance: 1. Income tax 2. Corporation tax 3. Customs 4. Excise duties
a. 1, 2, 3, 4
b. 3, 2, 4, 1
c. 4, 3, 1, 2
d. 4, 3, 2, 1
Q. The highest sector wise contribution to gross domestic saving comes from:
a. private corporate sector
b. household sector
c. public sector
d. cooperative sector
Q. An amount given by a government agency or even private body to encourage aparticular economic activity is a :
a. grant
b. loan
c. subsidy
d. mutual fund
Q. Why has the general budget till recently always been presented at 5 o’ clock in the evening?
a. All countries present their budgets at this time
b. So that there is no time for traders to manipulate the prices
c. It is a convention of official secrecy
d. It is a carry-over from times of British rule when the Budget could be discussed in the British Payment simultaneously
Q. Which of the following would signify scarcity in economics?
a. Production of 100 kg of a certain item instead of the targeted 150 kg
b. Availability of 10 kg of rice against a demand for 15 kg
c. Availability of post-graduates for jobs of typists
d. Quantity supplied remains the same when price changes
Q. The per capita income has been low in India because:
a. of population growth
b. of price rise
c. more people are in rural areas
d. of regional imbalances
Q. The rate of growth of the tertiary sector has been:
a. higher than the overall rate of growth of the net domestic product
b. lower than the overall rate of growth of the net domestic product
c. same as the overall rate of growth of the net domestic product
d. fluctuating when compared to growth of net domestic product
Q. Which among the following formulates fiscal policy?
a. RBI
b. Finance Ministry
c. SEBI
d. Planning Commission
Q. Which among the following is the regulatory authority for giving clearance for External Commercial borrowing?
a. Foreign Investment Promotion Board
b. RBI
c. SEBI
d. Foreign Investment Promotion Council
Q. The Zero Base Budgeting in India was first experimented from:
a. April, 1987
b. April, 2000
c. April, 1991
d. None of these
Q. The prices at which the government purchases food grains for maintaining the public distribution system and for building up buffer stocks are known as :
a. Minimum Support Prices
b. Procurement Prices
c. Issue Prices
d. Ceiling Prices
Q. Who is the chairman of 13th Finance Commission?
a. C. Rangarajan
b. M.N. Vohra
c. Bimal Jalan
d. Vijay Kelkar