Top 550+ Solved Indian Economy MCQ Questions Answer
Q. India is a member of which of the following? 1. Asian Development Bank 2. Asia-Pacific Economic Cooperation 3. Colombo Plan 4. Organization for Economic Cooperation and Development (OECD) Select the correct answer using the code given below: [IAS 2008]
a. 1 and 3 only
b. 2 and 4 only
c. 1, 2 and 3 only
d. 1, 2, 3 and 4
Q. Consider the following statements: 1. The agreement on South Asian Free Trade Area (SAFTA)came into effect from 1st December, 2005. 2. As per SAFTA agreement terms, India, Pakistan and Sri Lanka have to decrease their custom duties to the level of 0 to 5 percent by the year 2013. Which of the statements given above is/are correct? [IAS 2006]
a. 1 only
b. 2 only
c. Both 1 and 2
d. Neither 1nor 2
Q. Which one of the following countries is not a member of ASEAN? [IAS 2006]
a. Vietnam
b. Brunei Darussalam
c. Bangladesh
d. Myanmar
Q. With reference to Union Government, which one of the following undertake the country-wide Economic Census? [Asstt Comm 2008]
a. Department of Expenditure
b. The National Sample Organization
c. Planning Commission
d. The Central Statistical Organization
Q. In which year was 'Rajiv Gandlii Grameen Vidyutikaran Yojana' launched? [Asstt Comm 2008]
a. 2004
b. 2005
c. 2006
d. 2007
Q. India is self-sufficient in production of which of the following commodities? [RBI Grade B Officer 2011]
a. Edible oil
b. Milk
c. Pulses
d. Natural gas
Q. What does S & P 500 relate to? [IAS 2008]
a. Supercomputer
b. A new technique in e-business
c. A new technique in bridge building
d. An index of stocks of large companies
Q. Which one amongst the following has the largest livestock population in the world? [IAS 2008]
a. Brazil
b. China
c. India
d. USA
Q. Basel II relates to which one of the following? [IAS 2007]
a. International standards for safety in civil aviation
b. Measures against cyber crimes
c. Measures against drug abuse by sportspersons
d. International standards for measuring the adequacy of a bank's capital
Q. Tarapore Committee was associated with which one of the following? [IAS 2007]
a. Special Economic Zones
b. Fuller capital account convertibility
c. Foreign exchange reserves
d. Effect of oil-prices on the Indian economy
Q. A National Development Fund was created by the Govt. of India a few years ago. What was the purpose of the fund? [Punjab & Sindh Bank 2011] (A) Boost investment in· social sector projects to promote education, healthcare and employment. (B) Capital investments in selected profitable PSEs to yield adequate returns (C) To fund revision in pay structure of central Govt. employees.
a. Only A
b. Only B
c. Only C
d. Both A & B
Q. The best indicator of economic growth of any country is:
a. Agriculture
b. Transport
c. Gross Domestic Product
d. Population
Q. In agricultural sector net value added is estimated by
a. Income method
b. Expenditure method
c. Production method
d. All the three
Q. National income is
a. NDP at factor cost
b. NNP at factor cost
c. GNP at market prices
d. NNP at market prices
Q. To get the Net National Product, what is deducted from the Gross National Product:
a. Direct Taxes
b. Imports
c. Interim payments
d. Depreciation