INDIAN ECONOMY PART 4

INDIAN ECONOMY MCQ SOLVED QUESTIONS
1.The major part of tax revenue in India comes from
(A) Direct taxes
(B) Indirect taxes ✔️
(C) Both Direct and Indirect taxes have an equal share
(D) None of the above

2. What is meant by SEBI?
(A) International Sports Authority
(B) Security and Exchange Board of India✔️
(C) Woman Welfare Organization
(D) Integrated Credit Scheme

3. The monetary policy of India is framed by-
(A) The State Bank of India
(B) The Reserve Bank of India ✔️
(C) The Government of India
(D) None of the above

4. Deficit Financing
(A) Has no effect on money supply
(B) Has stabilizing effect on the price level
(C) Increases money supply ✔️
(D) Decreases money supply

5. When was the first West Bengal Human Development Report published?
(A) 2003
(B) 2004 ✔️
(C) 2001
(D) 2002

6. Which of the following is included in the Employees' State Insurance Act, 1948?
(A) Minimum Wages
(B) None of the above
(C) Unemployment Insurance
(D) Medical Benefit ✔️

7. Who is the Pioneer of Economic Nationalism?
(A) R. C. Dutt
(B) M. M. Malviya
(C) Bipin Chandra Pal ✔️
(D) Gokhale

8. Which of the following taxes/duties is not under the jurisdiction of the Central Government?
(A) Corporate Income Tax
(B) Customs Duties
(C) Land Revenue ✔️
(D) Personal Income Tax

9. NITI Aayog is set up by
(A) A resolution by Union Cabinet ✔️
(B) Amending the Constitution of India
(C) Both A and B
(D) Neither A nor B

10. India's Five-Years Plan Plans are finally approved by the
(A) National Development Council ✔️
(B) Minister of Finance
(C) President
(D) Prime Minister

11. Green Revolution was most successful in the
(A) Eighties
(B) Nineties
(C) Sixties ✔️
(D) Seventies

12. A major part of Indian agriculture is characterized by
(A) Small size farm ✔️
(B) Co-operative farmers
(C) Large size farm
(D) Capitalist agriculture

13. Planning Commission is a
(A) Constitutional Body
(B) Autonomous Body
(C) Statutory Body
(D) Non-Statutory Body ✔️

14. The largest contributor to the gross domestic savings of India is
(A) the public sector.
(B) the foreign sector.
(C) the household sector. ✔️
(D) the private corporate sector

15. In India, fourteen major commercial banks were nationalized in the year
(A) 1969 ✔️
(B) 1975
(C) 1949
(D) 1953

16.IRDP means
(A) Integrated Regional Development Programme
(B) None of the above
(C) Integrated Rural Development Programme ✔️
(D) Integrated Road Development Programme

17. Indian leader accepted planning from the experience of
(A) Czechoslovakia
(B) Germany
(C) China
(D) Russia ✔️

18. Heavy industrialization was introduced in India in the —
(A) Third Five Year Plan
(B) Fourth Five Year Plan
(C) First Five Year Plan
(D) Second Five Year Plan ✔️

19.The basis for determination of Dearness Allowance of urban salaried workers and government employees in India is
(A) CPI for agricultural laborers
(B) CPI for urban non-manual employees
(C) Wholesale Price Index
(D) Consumer Price Index (CPI) for industrial workers ✔️


20. Balance of Payments Account of a country
(A) Shows the number of loans given by the country to foreign countries
(B) Shows the number of loans taken by the country from foreign countries
(C) Records the country's economic transactions with the rest of the world ✔️
(D) None of the above

21. The Human Development Index was first introduced in the year.
(A) 1995
(B) 2000
(C) 1980
(D) 1990 ✔️

22. Which of the following has been given special representation in Panchayati Raj?
(A) Cooperative etic
(B) Women ✔️
(C) Backward classes
(D) All of the above

23. The Community Development Programme was launched in the year
(A) 1952 A.D. ✔️
(B) 1953 A.D.
(C) 1950 A.D.
(D) 1951 A.D.

24. Indian Economy is a
(A) Capitalist economy
(B) None of the above
(C) Totally command economy with no private sector
(D) Mixed economy ✔️

25. The Reserve Bank of India is -
(A) A partly private and partly State-owned bank
(B) A schedule Bank
(C) A shareholder's bank ✔️
(D) A Government-owned Bank

26. During which Five Year Plan was Green Revolution initiated in India?
(A) 5th
(B) 6th
(C) 3rd
(D) 4th ✔️

27. Which group of the society is worst affected by continuous inflationary price rise?
(A) Self-employed group
(B) Fixed income group ✔️
(C) Traders and merchants
(D) The investors class

28. Economic Reforms and liberalization were introduced in Indian planning in the -
(A) 1970s
(B) 1980s
(C) 1960s
(D) 1990s ✔️

29.After which five- year plan, planning had to be given a short holiday?
(A) Third five-year plan ✔️
(B) Fourth five-year plan
(C) Six five-year plan
(D) Second five-year plan

30. In India, the natural rate of increase of population was highest during — decade.
(A) 1941-1951
(B) 1921-1931
(C) 1961-1971
(D) 1981-1991 ✔️