Top 550+ Solved Indian Economy MCQ Questions Answer
Q. Economic Development means economic growth with:
a. Price Stability
b. Social Change
c. Inflation
d. Deflation
Q. The Planning Commission was formed on -
a. 26th January 1950
b. 15th August 1947
c. 15th March 1950
d. none
Q. The Planning Commission was dissolved on
a. 15th August 2017
b. 17th August 2014
c. 26th January 2015
d. none
Q. NITI Aayog, was formed via a resolution of the Union Cabinet on
a. 15th August 2017
b. 17th August 2014
c. 1st January 2015
d. none
Q. NITI Aayog is the premier ‘Policy Think Tank’ of the Government of India, providing
a. directional and policy inputs
b. Regulatory policy planning
c. Monetary instructions
d. none
Q. The major objectives of NITI Aayog are to -
a. provides technical advice to the Centre and States
b. design strategic and long-term policies/ programmes for Govt.
c. Both of these
d. none
Q. As per Union Budget documents, Nominal GDP of India in the year 2019-20 was
a. 2.96 Trillion USD
b. 3.27 Trillion USD
c. 4.56 Trillion USD
d. none
Q. NITI Aayog has framed its initiatives for
a. “25-year Road map”, “5- year vision, strategy and 1-year action plans”
b. “15-year Road map”, “7- year vision, strategy and 3 years action plans”
c. "5-year Road map”, “2- year vision, strategy and 1-year action plans”
d. none
Q. As per Ministry of Statistics & Program Implementation, what is the contribution of Primary sector to the GDP of India in the year 2018-19-
a. 50.1 %
b. 15.87%
c. 29.73%
d. none
Q. As per Ministry of Statistics & Program Implementation, what is the contribution ofTertiary/ Services sector to the GDP of India in the year 2018-19-
a. 54.40 %
b. 15.87%
c. 29.73%
d. none
Q. As per Ministry of Statistics & Program Implementation, what is the contribution ofsecondary sector to the GDP of India in the year 2018-19-
a. 54.40 %
b. 15.87%
c. 29.73%
d. none
Q. When did India become the member of World Trade Organization
a. On 1 January , 1995
b. On 15 July, 2009
c. On 1 April 2011
d. none
Q. According to nominal Net State domestic product per capita ----- is the richest state inIndia.
a. Haryana
b. Delhi
c. Goa
d. none
Q. According to nominal Net State domestic product per capita ----- is the poorest state inIndia.
a. Haryana
b. Bihar
c. Orrisa
d. none