Indian Economy Online Quiz

Following quiz provides Multiple Choice Questions (MCQs) related to Indian Economy. You will have to read all the given answers and click over the correct answer. If you are not sure about the answer then you can check the answer using Show Answer button. You can use Next Quiz button to check new set of questions in the quiz.

Questions and Answers

Q 1 - During which Five Year Plan, Pradhan Mantri Rozgar Yojana was started?

A - Sixth Five Year

B - Fifth Five Year Plan

C - Seventh Five Year Plan

D - Eight Five Year Plan

Answer : D

Explanation

Pradhan Mantri Rozgar Yojana was started in 1993.

Q 2 - Consider the following statements:

1. Market System is a system in which goods and resources are apportioned by consumers and producers.

2. Exchange is a managed system by which people trade with others.

Choose the correct answer from the codes given below:

A - Only 1

B - Only 2

C - Both

D - Neither 1 nor 2

Answer : C

Explanation

N/A

Q 3 - Consider the following statements:

1. The first stock exchange of India was set up in Mumbai.

2. The Mumbai Stock Exchange was set up in 1855.

Choose the correct answer from the codes given below:

A - Only 1

B - Only 2

C - Both

D - Neither 1 nor 2

Answer : A

Explanation

It is Bombay stock Exchange (BSE). BSE is the oldest stock exchange in Asia. It was set up in 1875.

Q 4 - What is the limit of Foreign Direct Investment (FDI) in the sector of “Banking- Private Sector?”

A - 100%

B - 74%

C - 49%

D - 26%

Answer : B

Explanation

N/A

Answer : B

Explanation

N/A

Answer : A

Explanation

N/A

Answer : D

Explanation

The vision is introduced by former President A. P. J. Abdul Kalam.

Q 8 - Agriculture sector contributes about ……………. in the total GDP.

A - 28%

B - 24%

C - 14%

D - 18%

Answer : D

Explanation

With about 17.9% of total contribution, agriculture sector is the third largest contributor to Indian GDP.

Answer : B

Explanation

N/A

Q 10 - In reference to World Bank, consider the following statements:

1. World Bank’s major objective is to decrease the extreme poverty by decreasing the percentage of people living on less than $1.90 a day.

2. World Bank is a dynamic source of financial and technical assistance to all the developing countries across the world.

Choose the correct answer from the codes given below:

A - Only 1

B - Only 2

C - Both

D - Neither 1 nor 2

Answer : C

Explanation

N/A

Q 11 - Which among the following can correctly link with the term ‘MIBOR?’

A - Indian call money market

B - Stock exchange market

C - Food market

D - Personal Banking

Answer : A

Explanation

MIBOR stands for Mumbai Interbank Offer Rate.

Q 12 - Mudra Bank Yojana, launched by Narendra Modi Government, was implemented in …

A - 2015

B - 2016

C - 2014

D - Will be launched in 2017

Answer : A

Explanation

One of the major objectives of the scheme is to provide loan to small businesses.

Answer : D

Explanation

N/A

Q 14 - Straits Times Index Share Price Index belongs to …

A - USA

B - UK

C - Canada

D - Singapore

Answer : D

Explanation

N/A

Answer : B

Explanation

N/A

Q 16 - Pradhan Mantri Jan Dhan Yojana, launched by Narendra Modi Government, was implemented in …

A - 2015

B - 2016

C - 2014

D - Will be launched in 2017

Answer : C

Explanation

The scheme was launched to provide financial services to weaker sections of the society.

Q 17 - In reference to global poverty, consider the following statements:

1. Most of the poor are employed in the agricultural sector.

2. Most of the poor are under 18 years of age.

Choose the correct answer from the codes given below:

A - Only 1

B - Only 2

C - Both

D - Neither 1 nor 2

Answer : C

Explanation

N/A

Q 18 - What is the limit of Foreign Direct Investment (FDI) in the sector of “Broadcasting (Terrestrial Broadcasting FM Radio)?”

A - 100%

B - 51%

C - 49%

D - 33%

Answer : C

Explanation

N/A

Answer : A

Explanation

Equilibrium is the point at which supply is equal to demand for a product. This is the hypothetical condition where supply and demand curves intersect.

Answer : C

Explanation

PMGY has been implemented in 2000.

indian_economy_online_quiz.htm
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