Top 550+ Solved Indian Economy MCQ Questions Answer
Q. What is India's ranking on Human Development Index released by UNDP in the year2019-
a. 187
b. 154
c. 129
d. none
Q. Human Development Index assesses the parameter
a. Life Expectancy Index
b. Education Index
c. GNI Index
d. All the three
Q. The gender inequality index in India measures
a. public-private partnership
b. discrimination between males & females
c. discrimination between educated & uneducated
d. none
Q. The Regional Councils of NITI Aayog include
a. Chief Minister of particular state
b. Central Ministers & Secretaries of the sector
c. domain experts of the sector
d. All the three
Q. "Antyodaya" scheme of NITI Aayog prioritizes
a. Elimination of poverty
b. spread of education
c. the service & upliftment of poor, marginalized & downtrodden
d. none
Q. "Sustainability" as an indicator of economic growth means
a. elimination of poverty
b. more productivity
c. responsible use of resources
d. none
Q. First Five Year Plan was based on …
a. Harrod-Domar Model
b. Mahalanobis Model
c. Sukhmoy Chakraborty
d. none
Q. Which one of the following programs has been implemented to establish girls’ schools inthe districts having low female literacy rate?
a. Kasturba Gandhi Education Scheme (KGES)l
b. Indira Gandhi Education Scheme (IGES)
c. Mother Teresa Education Scheme (MTES)
d. none
Q. In terms of total trade (export + import), which among the following is the largest trading partner of India?
a. U.S.
b. China
c. U.K.
d. none
Q. A Closed economy means:
a. Money supply is controlled
b. Digital financing take place
c. Neither exports nor imports
d. none
Q. What is Literacy rate
a. Number of illiterate persons to total populations
b. Number of graduate peoples to total population
c. Number of literate persons to total population
d. none
Q. The vicious circle theory states that
a. growing government assistance create addiction to welfare programs.
b. low income levels create pressure for money creation.
c. low income levels create pressure for cheap imports.
d. low per capita income creates low savings that keep incomes low
Q. The rate of growth of an economy mainly depends upon:
a. The rate of growth of the labour force
b. The proportion of national income saved and invested
c. The rate of technological improvements
d. All of the above