Top 550+ Solved Indian Economy MCQ Questions Answer
Q. Which of the following sectors does not come under tertiary sector?
a. Transport
b. Trade
c. Business Services
d. Electricity
Q. Which of the following committees was assigned to recommend reforms in the insurancesector?
a. Rekhi Committee
b. Nadkarni Committee
c. Malhotra Committee
d. Chelliah Committee
Q. Consider the following statements: [IAS 2004] 1. National Thermal Power Corporation has diversitled into hydropower sector 2. Power Grid Corporation of India has diversified into telecom sector Which of the statements given above is/are correct?
a. 1 only
b. 2 only
c. both 1 and 2
d. neither 1 nor 2
Q. Whenever newspapers talk about the performance of core industries, which of the following is NOT considered among them? [Bank of India PO 2010]
a. Petroleum
b. Automobile
c. Mining
d. Steel
Q. Which one of the following pairs is not correctly matched? [CDS 2008]
a. Hindalco Industries - Novelis
b. Tata Steel - Corus Group
c. Jet Airways - Air Sahara
d. Kingfisher Airlines - MDLR Airlines
Q. One of the main factors that led to rapid expansion of Indian exports is :
a. liberalisation of the economy
b. diversification of exports
c. imposition of import duties
d. recession in other countries
Q. The main argument advanced in favour of small scale and cottage industries in India is that:
a. cost of production is low
b. they require small capital investment
c. they advance the goal of equitable distribution of wealth
d. they generate a large volume of employment
Q. Present Industrial policy in India aims at :
a. promoting the private sector units
b. increasing the production of public sector units
c. accelerating the performance of mixed economy
d. discourage the performance of the private sector
Q. When does the problem of unfavourable balance of payment arise?
a. When exports decrease
b. When exports increase
c. When imports increase
d. When imports are greater than exports
Q. The difference between visible exports and visible imports is defined as [Corporation Bank PO 2011]
a. Balance of trade
b. Balance of payment
c. Balanced terms of trade
d. Gains from trade
Q. Which of the following was formed to suggest means for eradicating black money? [I. Tax 1992]
a. Finance Commission
b. Sarkaria Commission
c. Shah Commission
d. Chelliah Committee
Q. BoP (Balance of Payment) refers to :
a. transactions in the flow of capital
b. transactions relating to receipts and payment of invisibles
c. transactions relating only to exports and imports
d. systematic record of all its economic transaction with the rest of the world
Q. Mashelkar Committee was constituted to report on :
a. economic policy
b. constitutional changes
c. black money
d. auto fuel policy
Q. Which of the statements given above is/are correct? [CDS 2008] 1. The USSR assisted in the building of the Bhilai Steel plant. 2. The British assisted in the building of the Bokaro Steel plant.
a. 1 only
b. 2 only
c. Both 1 and 2
d. Neither 1 nor 2