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

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Indian Economy previous years question MCQ UPSC / SSC / competitive exams 1

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
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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
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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
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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
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5 .The contribution of agriculture to India's' economy is:
A.  constant
B.  None of these
C.  increasing
D.  decreasing
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6 .Which of the following is an indirect tax?
A.  Corporation Tax
B.  Capital Gains Tax
C.  Wealth Tax
D.  Excise Duty
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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
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8 .After textiles, India's second important industry is :
A.  Sugar
B.  Cement
C.  Jute
D.  Iron and steel
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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
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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
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11 .Which country is the largest debtor of UNO?
A.  Japan
B.  India
C.  Mexico
D.  U.S.
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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
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13 .Which' day is celebrated as 'National Consumer Right Day?
A.  24th November
B.  24th October
C.  24th December
D.  24th September
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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
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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
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