Top 550+ Solved Indian Economy MCQ Questions Answer
Q. Who among the following have been the Union Finance Ministers of India? 1. V. P. Singh 2. R. Venkataraman 3. Y. B. Chavan 4. Pranab Mukherjee Select the correct answer using the code given below: [IAS 2007]
a. 1, 2 and 3 only
b. 1, 3 and 4 only
c. 2 and 4 only
d. 1, 2, 3 and 4
Q. Which one of the following is the correct sequence in the decreasing order of production (in million tonnes) of the given foodgrains in India? [IAS 2007]
a. Wheat - Rice Pulses Coarse cereals
b. Rice – Wheat cereals
c. Wheat - Rice - Coarse cereals Pulses
d. Rice - Wheat - Coarse cereals Pulses
Q. Consider the following statements: 1. Appellate Tribunal for Electricity has been established by each State Government in India. 2. One of the components of the Accelerated Power Development and Reforms Programme (APDRP) is upgradation of sub-transmission and distribution system for electricity in India. Which of the statements given above is/are correct? [IAS 2006]
a. 1 only
b. 2 only
c. Both 1 and 2
d. Neither 1 nor 2
Q. In which one of the following countries, the rate of Income Tax is highest? [Punjab & Sindh Bank 2011]
a. US
b. China
c. Japan
d. UK
Q. Which of the following is NOT a programme / agency of the Union Ministry of Finance? [Punjab & Sindh Bank 2011]
a. Investor Education and Protection Fund (IEPF)
b. National Foundation for Corporate Governance (NFCG)
c. Serious Frauds Investigation Office (SFIO)
d. Investment Commission
Q. Labour legislations in India have an important dimension of protection of women from exploitation. Some special provisions are made for women in the work place. Which of the following is NOT one such special provision? [Punjab & Sindh Bank 2011]
a. Equal pay for work of equal value
b. Maternity protection
c. Creche facility at the work place for infants
d. No night shifts
Q. Ever greening of patents is done by [CDS 2011]
a. citing another use of the same product
b. citing another process of forming the same product
c. applying for extension of patent term
d. citing another product with same use
Q. In which one of the following activities percentage share of cooperative sector is the highest? [Corporation Bank PO 2011]
a. Agricultural Credit disbursement
b. Sugar production
c. Wheat procurement
d. Fertilizer distribution
Q. In India, which of the following is regulated by the Forward Markets Commission? [IAS 2010]
a. Currency Futures Trading
b. Commodities Futures Trading
c. Equity Futures Trading
d. Both Commodities Futures and Financial Futures Trading
Q. Which of the following is/are commodity/ies on which subsidy is given to farmers/poor inIndia? [SBI Ass PO 2011] (A) Fertilizer (B) Kerosene (C) LPG
a. Only A
b. Only B
c. Only C
d. Only A & B
Q. A person returning from abroad can retain foreign currency up to what period? [Haryana Gr Bank PO 2011]
a. 60 days
b. 30 days
c. 90 days
d. 180 days
Q. Which one of the following is different from the others from the point of view of ownership? [UP PCS 2011]
a. LIC Policy
b. Bank Fixed Deposit
c. Kisan Vikas Patra
d. Debenture of a Company
Q. The main source of fund for the National Highway Authority of India is [UP PCS 2011]
a. Cess
b. Foreign assistance
c. Market borrowings
d. Budgetary support Government of Union
Q. More than one-third of the crude steel production of the world comes from [UP PCS 2011]
a. China
b. Japan
c. Russia
d. U.S.A.