Top 550+ Solved Indian Economy MCQ Questions Answer
Q. With economic growth, the proportion of labour-force engaged in agriculture:
a. Increases
b. Decreases
c. Remains unaffected
d. Changes in an uncertain manner
Q. The Gini coefficient is a technique frequently used to show:
a. variations in life expectancy
b. income inequality
c. differences in infant mortality
d. the education gap
Q. Disguised unemployment means:
a. Unemployment in agriculture
b. Unemployment due to recession
c. Unemployment due to downturn in business activity
d. Marginal Productivity of Labour (MPL) is zero.
Q. During the recessionary phase of a business cycle:
a. The natural rate of unemployment will increase dramatically
b. Potential national income will exceed actual national income
c. Actual national income will exceed potential national income
d. The real rate of interest will exceed the nominal rate of interest.
Q. India is passing through the phase of population:
a. Explosion
b. Control
c. Stability
d. None of the above
Q. If an economy is underdeveloped, it means:
a. Agriculture is the main occupation
b. Standard of living of people is low
c. Production Techniques are backward and obsolete
d. All of the above
Q. When and by whom was HDI introduced?
a. In 1990 by UNDP
b. In 1989 by World Bank
c. In 1990 by UNO
d. In 1989 by IMF
Q. Indicator of HDI is:
a. Longevity
b. Educational Attainment
c. Standard of Living
d. All of the above
Q. Which plan gave emphasis on removal of poverty for the first time?
a. Fourth
b. Fifth
c. Sixth
d. Seventh
Q. Which are the economic consequences of problem of poverty?
a. increasing Unemployment
b. Capital Deficiency
c. Inadequate economic development
d. All of the above
Q. What is the full form of IRDP?
a. Integrated Rural Development Programme
b. Intelligent Rural Development Programme
c. Induced Rural Development Programme
d. None of the above.
Q. What are the salient demographic features of India’s population?
a. Growth rate of population
b. Uneven distribution of population
c. Age composition
d. All of the above
Q. Having insufficient income to provide a minimum standard of living is
a. Absolute poverty
b. Relative poverty
c. None
d. none
Q. In which among the following year was ‘liberalized industrial policy’ in India was announced for the first time?
a. 1992
b. 1995
c. 1991
d. none
Q. "Zero Defect Zero Effect" slogan is related to which of the following scheme?
a. Digital India
b. Make in India
c. Startup India
d. Clean India mission