MCQ on Indian economy questions and Answers for SSC

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Important Gk Questions part 1980+ MCQ on Indian economy questions and Answers for UPSC / SSC and Gk for all competitive exams in India

Indian economy questions and Answers

 

1981.
Which of the following is related to the EPCG Scheme of Central Government ?

a
Communication
b
Foreign Trade
c
Banking
d
Foreign Investment

1982.
_____ sector was the largest contributor to GDP during the Ninth Plan?

a
Information technology
b
Manufacturing
c
Financial services
d
Trade

1983.
What are medium term loans? I. These are provided for a period of less than 15 months to meet out expenses of routine farming and domestic consumptions II. These are provided for a period of 15 months to 5 years to purchase agricultural equipments, animals and for land improvements III. These are provided for a period of more than 5 years.

a
Only III
b
None of the above
c
Only II
d
Only I

1984.
Which plan emphasised optimum utilisation of capacities, improvement in productivity and establishment of sunrise industries'?

a
Second Plan
b
Seventh plan
c
Fifth Plan
d
Sixth Plan

1985.
The approximate ratio between the rural and urban population in India is

a
1830
b
1881
c
1855
d
1872

1986.
Which of the following statements is not correct regarding the 'Banking Sector' of India?

a
At present there are 26 Nationalized Banks in India.
b
Narsimham Committee is related to Banking Sector reforms.
c
Banks have the freedom to regulate their own Savings Bank Deposit interest rates.
d
Foreign Banks and Regional Rural Banks do not come under the category of Scheduled Commercial Banks.

1987.
Per capita Income of a country derived from

a
National Income
b
Population
c
None of these
d
National Income and Population both

1988.
Which Indian plan ensured high growth rate as compared with targeted growth rate ?

a
Second Plan
b
Eighth Plan
c
Fourth Plan
d
Fifth Plan

1989.
Which statement is incorrect regarding India's balance of payment? I. 1994-95 was the year of the acute BOP crisis in India II. India then had foreign exchange reserve of mere 3 billion dollar III. This crisis led to the massive changes in the country's economic policy, popularly known as the Structural Adjustment Program or New Economic Policy (NEP) regime, focusing on liberalization and globalization of the economy.

a
I & II
b
Only III
c
Only I
d
I & III

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