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

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

571 .A Scheduled Bank is one which is included in the:
A.  II Schedule of Banking Regulation Act
B.  II Schedule of Reserve Bank of India Act
C.  None of the above
D.  II Schedule of Constitution
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572 .Who was the chairman of National Income Committee?
A.  V.K.R.V. Rao
B.  D.R. Gadgil
C.  P. C. Mahalanobis
D.  A.M. Khusro
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573 .Which institution provides long run finance to industries?
A.  GIC
B.  All of these
C.  UTI
D.  LIC
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574 .Which State produces maximum pulses in the country?
A.  Maharashtra
B.  Odisha
C.  Madhya Pradesh
D.  Uttar Pradesh
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575 .Absolute Poverty means:
A.  poverty in terms of the basic minimum calorie requirements
B.  poverty in terms of the prevailing price level
C.  poverty in terms of absolute number of people
D.  poverty in terms of the absolute level of unemployment
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576 .Which one amongst the following has the largest livestock population in the world?
A.  China
B.  USA
C.  Brazil
D.  India
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577 .Consider the following about the 'Rolling Plan':
I. A plan for the current year which includes the annual budget
II. A plan for a fixed number of years, say 3, 4 or 5
III. It is revised every year as per requirements of the economy
IV. A perspective plan for 10, 15 or 20 yearsWhich of the above are correct?

A.  I, II, III and IV
B.  I and III
C.  I and II
D.  II and III
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578 .India's economic planning CANNOT be said to be :
A.  indicative
B.  limited
C.  imperative
D.  democratic
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579 .The largest importer country of Indian textile is :
A.  Singapore
B.  Italy
C.  Germany
D.  USA
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580 .Indicative Planning being pursued in India since the 8th Plan aims at ensuring that:
1. Planning mechanism plays a facilitatory role
2. Planning mechanism brings about a balance between need and supply
3. Planning mechanism concerns itself with optima! utilisation of resources
4. Planning concerns itself with laying down broad directions in which the economy should move
Choose the correct answer from:
A.  1, 2 and 4
B.  2, 3 and 4
C.  1 and 2
D.  1, 2, 3 and 4
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581 .Which of the following is at the apex of Industrial Finance in India?
A.  Reserve Bank of India
B.  Industrial Credit and Investment Corporation of India
C.  Industrial Finance Corporation
D.  Industrial Development Bank of India
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582 .Bouncing of cheques has become an offence. What is the punishment for the same:
A.  1year imprisonment
B.  3 years imprisonment
C.  2 years imprisonment
D.  6 months imprisonment
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583 .The RBI uses the following instruments for quantitative central of credit:
(i) Cash Reserve Ratio
(ii) Bank Rate
(iii) Open Market Operations
(iv) Margin Requirements
Choose your answer from:

A.  (ii) and (iv)
B.  (i), (ii), (iii) and (iv)
C.  (i) and (ii)
D.  (i), (ii) and (iii)
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584 .More than one-third of the crude steel production of the world comes from
A.  Russia
B.  China
C.  U.S.A.
D.  Japan
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585 .'Dumping' in the context of international trade refers to :
A.  exporting goods of inferior quality
B.  exporting goods at prices below the actual cost of production
C.  exporting goods only to re-import them at cheaper rates
D.  exporting goods without paying the appropriate taxes in the receiving country
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