50 Indian Economy MCQ for every competitive exam
- In which year ONGC was formed?
[A] 1956
[B] 1967
[C] 1977
[D] 1954
View Answer[A] 1956 - The demand for a good or service which is the result of the demand for some other commodity is called ______________
[A] Income Demand
[B] Direct Demand
[C] Composite Demand
[D] Derived Demand
View Answer[D] Derived Demand
- Which among the following is the effect of currency devaluation?
[A] Increase in imports
[B] decrease in inflation
[C] increase in exports
[D] None of the above
View Answer[C] increase in exports - In which state Conolly Canal is present?
[A] Tamil Nadu
[B] Kerala
[C] Karnataka
[D] Andhra Pradesh
View Answer[B] Kerala
- Which is the highest hydroelectric power project?
[A] Srisailam Hydro project
[B] Tehri Hydro project
[C] Nathpa Hydro project
[D] Shivasamudram Hydro project
View Answer[B] Tehri Hydro project - Which among the following is an example of parallel cropping?
[A] Rice+Mustard
[B] Wheat+Mustard
[C] Rice+Sugarcane
[D] Wheat+Sugarcane
View Answer[B] Wheat+Mustard
- Who is known as the mother of Broiler poultry farming?
[A] William Harbor
[B] William jones
[C] Jonathan gener
[D] Wilmer steel
View Answer[D] Wilmer steel - What is capital subsidy given under Credit Linked Capital Subsidy Scheme?
[A] 20%
[B] 15%
[C] 10%
[D] None of the above
View Answer[B] 15%
- Who coined the term evergreen revolution?
[A] M.S.Swaminathan
[B] Manmohan singh
[C] Verghese Kurien
[D] Sam Pitroda
View Answer[A] M.S.Swaminathan - When was Coal India limited established?
[A] 1975
[B] 1980
[C] 1990
[D] 1969
View Answer[A] 1975
- Name the company, which has acquired an online travel portal Yatra Online Inc for an enterprise value of $337.8 million in all stock transactions?
[A] Makemytrip.com
[B] Trivago
[C] Ebix Inc.
[D] Trip Advisor
View Answer[C] Ebix Inc. - By whom can the fixed foreign exchange rate be changed?
[A] RBI
[B] SEBI
[C] Ministry of Finance
[D] FIPB
View Answer[A] RBI
- Which is a scheme of Government of India to provide online connection of LPG?
[A] SAHAJ
[B] SARAL
[C] BHIM
[D] DIGI DHAN
View Answer[A] SAHAJ - Which among the following natural resources is inexhaustible?
[A] Coal
[B] Petrol
[C] Diesel
[D] Sunlight
View Answer[D] Sunlight
- Sela Tunnel is constructed under which project?
[A] Project Deepak
[B] Project Chetak
[C] Project Arunak
[D] Project Vartak
View Answer[D] Project Vartak - In which year IRDAI was established?
[A] 1998
[B] 1999
[C] 2000
[D] 2001
View Answer[B] 1999
- What is the FDI allowed by India in the helicopter service?
[A] 75%
[B] 49%
[C] 51%
[D] 100%
View Answer[D] 100% - Which country has the largest bituminous coal in the world?
[A] China
[B] India
[C] Australia
[D] USA
View Answer[D] USA
- What is the share of India in the overall primary energy consumption in the world?
[A] 6.5%
[B] 4.8%
[C] 2.3%
[D] 5.8%
View Answer[D] 5.8% - GDP is defined as the value of all of?
[A] goods produced in an economy in a year
[B] goods and services produced in an economy in a year
[C] final goods produced in an economy in a year
[D] final goods and services produced in an economy in a year
View Answer[D] final goods and services produced in an economy in a year
50 Indian Economy MCQ for every competitive exam
- Which among the following committees suggested the concept of Universal Banking ?
[A] Raja Chelliah Committee
[B] RH Khan Committee
[C] Chakravarty Committee
[D] Abid Hussain Committee
View Answer[B] RH Khan Committee - Which among the following is not a part of factor of production?
[A] Land
[B] Labour
[C] Capital
[D] Wages
View Answer[D] Wages
- Who is the author of “Stabilizing an Unstable Economy”?
[A] Hyman P.Minsky
[B] Daniel Kahneman
[C] Joseph Schumpeter
[D] Henry Kaufman
View Answer[A] Hyman P.Minsky - Which of the following is the main sources of irrigation in India?
[A] Tank
[B] Canal
[C] Wells & Tubewells
[D] None of the above
View Answer[C] Wells & Tubewells
- Which is the largest cement producing state in India?
[A] Madhya Pradesh
[B] Andhra Pradesh
[C] Karnataka
[D] Maharashtra
View Answer[A] Madhya Pradesh - What is India’s contribution to the global supply of anti-retro viral drugs for AIDS?
[A] 80%
[B] 30%
[C] 50%
[D] 75%
View Answer[A] 80%
- Which type of banks helps companies during the IPO?
[A] Development banks
[B] Investment banks
[C] Mutual Funs managers
[D] Specialized banks
View Answer[B] Investment banks - Which among the following is world’s largest foreign exchange market ?
[A] New York
[B] London
[C] Tokyo
[D] Moscow
View Answer[B] London
- The livestock census in India is done every_______?
[A] 1 Year
[B] 3 Years
[C] 5 Years
[D] 10 years
View Answer[C] 5 Years - Rs. 100 notes are printed in which of the following?
[A] The Indian Security Press Nasik
[B] The Security Printing Press Hyderabad
[C] The bank Note Press, Dewas
[D] All1,2&3
View AnswerD [All1,2&3]
- Which among these is most volatile Foreign Capital?
[A] External Commercial Borrowings
[B] Foreign Direct Investment
[C] Loans from International Financial Institutions
[D] Foreign Portfolio Investment
View Answer[D] Foreign Portfolio Investment - Which city has the highest number of cotton mills?
[A] Ahmedabad
[B] Mumbai
[C] Agra
[D] Kolkata
View Answer[B] Mumbai
- What is the rank of Indian Music Industry in terms of revenue in the world?
[A] 10
[B] 15
[C] 17
[D] 9
View Answer[B] 15 - How many members exist on the board of SEBI?
[A] 5
[B] 7
[C] 9
[D] 10
View Answer[C] 9
- Businesses can be taxed by which of the following?
[A] State government only
[B] both by state and union government
[C] by panchayats only
[D] Union government only
View Answer[A] State government only
50 Indian Economy MCQ for every competitive exam
- Which is not a function of money?
[A] Transfer of value
[B] Store of value
[C] Price stabilisation
[D] Value measurement
View Answer[C] Price stabilisation - Which among these is most volatile Foreign Capital?
[A] External Commercial Borrowings
[B] Foreign Direct Investment
[C] Loans from International Financial Institutions
[D] Foreign Portfolio Investment
View Answer[D] Foreign Portfolio Investment - Which sector does e-nam belong to?
[A] Agriculture
[B] Manufacturing
[C] Services
[D] None of the above
View Answer[A] Agriculture
- India’s seed vault is located at which of the following locations?
[A] Ladakh
[B] Jammu
[C] Tawang
[D] Lipulekh
View Answer[A] Ladakh - What is India’s rank in the production of chemicals in the world?
[A] 4
[B] 12
[C] 8
[D] 7
View Answer[B] 12
- Where is the secretariat of IOSCO located?
[A] New York
[B] Paris
[C] Madrid
[D] Hague
View Answer[C] Madrid
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- National Testing Agency was established in which year?
[A] 2016
[B] 2017
[C] 2012
[D] 2015
View Answer[B] 2017 - What is the duration of the 12th Five Year Plan?
[A] 1 January 2012 to 31 December 2017
[B] 1 April 2011 to 31 March 2016
[C] 1 January 2011 to 31 December 2016
[D] 1 April 2012 to 31 March 2017
View Answer[D] 1 April 2012 to 31 March 2017 - Which Indian company has been recognized as one of the most ethical companies in the world by the Ethisphere Institute in February 2019?
[A] Jindal Steel
[B] Tata Steel
[C] Bharat Heavy Electricals Ltd.
[D] Tata Chemicals
View Answer[B] Tata Steel
- What is the full form of RTGS?
[A] Ready Transaction and Gross Settlement
[B] Real Transaction and General Settlement
[C] Real Time Gross Settlement
[D] Real Transaction Gross Settlement
View Answer[C] Real Time Gross Settlement - Which is India’s only riverine port?
[A] Kolkata
[B] Mumbai
[C] Tuticorin
[D] Mormugao
View Answer[A] Kolkata - In which year, IDBI was restructured and separated from control of Reserve Bank of India?
[A] 1972
[B] 1974
[C] 1976
[D] 1980
View Answer[C] 1976
- What is India’s share in the global arms imports?
[A] 10%
[B] 15%
[C] 20%
[D] 25%
View Answer[B] 15% - Pradhan Mantri Fasal Bima Yojana (PMFBY) is __:
[A] Mandatory for all small farmers, voluntary for all big farmers
[B] Mandatory for all loanee farmers, voluntary for all non-loanee farmers
[C] Mandatory for all farmers
[D] Voluntary for all farmers
View Answer[D] Voluntary for all farmers - What is the full form of IMPS?
[A] Intermediate Payment System
[B] Immediate Money Payment System
[C] Immediate Payment System
[D] Immediate Payment Structure
View Answer[C] Immediate Payment System
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