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  • Indian Economy previous years question MCQ UPSC / SSC / competitive exams

    August 17, 2019 by Job Alert

    Find (Indian Economy) Economics previous years asked question MCQ   UPSC / SSC / competitive exams  Online Practice Questions And Answers quiz

    1 .The highest denomination of currency notes in circulation as legal tender in India is at present:
    A.  Rs.2000
    B.  Rs. 50
    C.  Rs.100
    D.  Rs. 500
    Answer & Explanation
    Answer : Option A
    Explanation :
    View Answer Discuss in Forum

    2 .Consider the following statement:
    The price of any currency in international market is determined by the:
    1. WTO
    2. Demand for goods/services provided by the country concerned
    3. Inflation differential between the country concerned and its major trading partners
    4. Stability of the government of the concerned country Of these statements:

    A.  1, 2 and 4 are correct
    B.  2, 3 and 4 are correct
    C.  1, 3 and 4 are correct
    D.  1, 2, 3, and 4 are correct
    Answer & Explanation
    Answer : Option B
    Explanation :
    View Answer Discuss in Forum

    3 .Which one of the following is different from the others from the point of view of ownership?
    A.  Debenture of a Company
    B.  LIC Policy
    C.  Bank Fixed Deposit
    D.  Kisan Vikas Patra
    Answer & Explanation
    Answer : Option B
    Explanation :
    View Answer Discuss in Forum

    4 .Match the following: Committees Chaired by
    A. Balance of Payments and Foreign Investment 1. Rakesh Mohan
    B. Public Sector Enterprises Autonomy 2. Arjun Sen Gupta
    C. Small Scale Industries 3. Rangarajan
    D. Infrastructure Development 4. Abid Hussain
    A B C D

    A.  3 2 4 1
    B.  1 2 3 4
    C.  2 1 4 3
    D.  1 4 2 3
    Answer & Explanation
    Answer : Option A
    Explanation :
    View Answer Discuss in Forum

    5 .The contribution of agriculture to India's' economy is:
    A.  constant
    B.  None of these
    C.  increasing
    D.  decreasing
    Answer & Explanation
    Answer : Option D
    Explanation :
    View Answer Discuss in Forum

    6 .Which of the following is an indirect tax?
    A.  Corporation Tax
    B.  Capital Gains Tax
    C.  Wealth Tax
    D.  Excise Duty
    Answer & Explanation
    Answer : Option D
    Explanation :
    View Answer Discuss in Forum

    7 .'Liquidity trap' is a situation in which:
    A.  there is an excess of foregin exchange reserves in the economy leading to excess of money supply
    B.  people want to hold only cash because prices are falling everyday
    C.  people want to hold only. cash because there is too much of liquidity in the economy
    D.  the rate of interest is so low that no one wants to hold interest bearing assets and people wants to hold cash
    Answer & Explanation
    Answer : Option D
    Explanation :
    View Answer Discuss in Forum

    8 .After textiles, India's second important industry is :
    A.  Sugar
    B.  Cement
    C.  Jute
    D.  Iron and steel
    Answer & Explanation
    Answer : Option D
    Explanation :
    View Answer Discuss in Forum

    9 .Consider the following statements:
    1. Hariyali is a watershed development project sponsored by the Central Government.
    2. Hariyali also aims at enabling the urban population to conserve rain water.

    A.  Both 1 and 2
    B.  Neither 1 nor 2
    C.  2 only
    D.  1 only
    Answer & Explanation
    Answer : Option D
    Explanation :
    View Answer Discuss in Forum

    10 .The budget broadly comprises: (i) revenue budget, and (li) capital budget. Which of the following item or items is/are not covered under the revenue budget?
    I. Different proceeds of taxes and other duties levied by the government
    II. Interest and dividend on investments made by the government
    III. Expenditure on running government and various services
    IV. Market loans raised by the government

    A.  only II
    B.  only IV
    C.  III and IV
    D.  II and III
    Answer & Explanation
    Answer : Option B
    Explanation :
    View Answer Discuss in Forum

    11 .Which country is the largest debtor of UNO?
    A.  Japan
    B.  India
    C.  Mexico
    D.  U.S.
    Answer & Explanation
    Answer : Option D
    Explanation :
    View Answer Discuss in Forum

    12 .Which among the following is not correct with regard to Sampoorna Grameen Rozgar Yojana?
    1. The case component of the programme is borne exclusively by the Central Government.
    2. Foodgrains are provided free of cost to the States/Union Territories.
    Select the answer using the codes given below
    A.  2 only
    B.  1 only
    C.  Both 1 and 2
    D.  Neither 1 nor 2
    Answer & Explanation
    Answer : Option A
    Explanation :
    View Answer Discuss in Forum

    13 .Which' day is celebrated as 'National Consumer Right Day?
    A.  24th November
    B.  24th October
    C.  24th December
    D.  24th September
    Answer & Explanation
    Answer : Option C
    Explanation :
    View Answer Discuss in Forum

    14 .Who of the following was the author of the chapter onObjectives of Planned Development for the Third Five Year Plan?
    A.  Morarji Desai
    B.  Lal Bahadur Shastri
    C.  C.D. Deshmukh
    D.  Jawaharlal Nehru
    Answer & Explanation
    Answer : Option A
    Explanation :
    View Answer Discuss in Forum

    15 .The 'Year of Great Divide' refers to:
    A.  rapid growth rate in population after 1921
    B.  the declining sex ratio after 1921
    C.  all the above
    D.  the slow-down in death rate after 1921
    Answer & Explanation
    Answer : Option A
    Explanation :
    View Answer Discuss in Forum

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