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Indian economy mcq questions and answers for competitive exams

Ramya_naidu

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Indian economy mcq questions and answers for competitive exams UPSC SSC , SSC CGL, upsc Civils , Entrance exams Online test practice online free Quiz, mock practice online
16.
Gross National Product(GNP) is

a
Sum of gross domestic product and investment.
b
Total domestic and foreign output claimed by residents of the country.
c
The total output of goods and services produced by the country's economy.
d
National income minus national expenditute.
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17.
Which measure comes under quantitative credit controls adopted by Central Bank of the Country?

a
Bank Rate
b
Cash Reserve Ratio
c
Open Market Operations
d
All of these
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18.
The Currency Convertibility concept in its original form is originated in

a
Taylors agreement
b
Bretton Woods agreement
c
Wells agreement
d
Symmonds agreement
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19.
Which of the following is not a method of estimating national income?

a
Income method
b
Value-added method
c
Expenditure method
d
Export-import method
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20.
First five year plan was based on?

a
Herold -Domar Model
b
Both of above
c
P.C. Mahalanobis Model
d
None of above
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21.
The apex organisation of Industrial fi- nance in India is

a
ICICI
b
IDBI
c
RBI
d
IFCI
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22.
Who wrote a book describing the theory of economic drain of India during British rule?

a
Jawahar Lal Nehru
b
Late Lajpat Rai
c
Mahatma Gandhi
d
Dadabhai Naoroji
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23.
Devaluation of the currency is associated with

a
Increase in the value of currency
b
Reduction in the value of currency
c
Both A and B
d
None of these
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24.
Notes on which denomination has the portrait of Mahatma Gandhi printed on them?

a
100 rupee
b
500 rupee
c
1000 rupee
d
All of the above
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25.
The first wholly Indian Bank was set up in

a
1794
b
1894
c
1896
d
1902
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26.
National Income is based on the:

a
net profit earned and expenditure made by the State
b
total revenue of the State
c
production of goods and services
d
the sum of all factions of income
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27.
The Bonded Labour System (Aboltion) Act was legislated in

a
1974
b
1976
c
1977
d
1978
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28.
It will be true to classify India as:

a
A labour-surplus economy
b
A food-deficit economy
c
A trade-surplus economy
d
A capital-surplus economy
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29.
Durgapur, Bhliai and Rourkela plants were set up during which plan?

a
1st
b
3rd
c
2nd
d
4th
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30.
Which of the following includes bulk imports of the country?

a
Electrical Goods
b
Petroleum
c
Non-electrical Machinery
d
Precious Stones
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