- Indian Economy Tutorial
- Indian Economy - Home
- Indian Economy - Introduction
- Indian Economy - Planning
- Indian Economy - Sectors
- Indian Economy - Demography
- Indian Economy - People As Resource
- Indian Economy - National Income
- Indian Economy - Poverty
- Indian Economy - Food Security
- Indian Economy - Employment
- Indian Economy - Infrastructure
- Indian Economy - Rural Development
- Indian Economy - Money & Banking
- Economy - Government Budget
- Indian Economy - Consumer Rights
- Indian Economy - Reforms
- Indian Economy - Open
- Indian Economy - Micro Economics
- Indian Economy - Macro Economics
- Economy - Sustainable Development
- Indian Economy Useful Resources
- Indian Economy - Online Quiz
- Indian Economy - Online Test
- Indian Economy - Quick Guide
- Indian Economy- Useful Resources
- Indian Economy - Discussion
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.
Q 1 - ‘Garibi Hatao’ (Growth with justice), was the main objective of ……………… five-year plan.
Answer : B
Explanation
The Fourth Five Year Plan was executed on the line ‘growth with stability.’
Q 2 - Swachh Bharat Abhiyan, launched by Narendra Modi Government, was implemented in …
Answer : C
Explanation
Launched on 2nd October 2014, the objective of Swachh Bharat Abhiyan is to clean India by 2nd October 2019.
Q 3 - The slogan “from each according to his ability, to each according to his work” was popularized by …
Answer : B
Explanation
N/A
Q 4 - Which among the following is the largest exported item (of India)?
Answer : A
Explanation
N/A
Q 5 - Y.V. Reddy Committee is related to …
Answer : B
Explanation
N/A
Q 6 - Indian Explosive Factory is located in …
Answer : A
Explanation
Indian Explosive Factory is located in Gomia in Hazaribagh (Jharkhand).
Q 7 - In terms of poverty, which among the following states has the least poverty?
Answer : A
Explanation
With merely 5.09%, Goa has the least poverty followed by Kerala (7.05%) and Himachal Pradesh (8.06%).
Q 8 - Which among the following correctively defines the term ‘entrepreneurship?’
A - Ability to recognize opportunity
B - High will power to accept the risk
Answer : D
Explanation
Entrepreneurship means taking the financial risks in the hope of future profit.
Q 9 - In reference to International Monetary Fund (IMF), consider the following statements:
1. The primary purpose of IMF is to ensure the stability of the international monetary system.
1. The primary purpose of IMF is to ensure the stability of the international monetary system.
Choose the correct answer from the codes given below:
Answer : C
Explanation
N/A
Q 10 - Consider the following statements:
1. Janani Suraksha Yojana was set up on 2005.
2. Janani Suraksha Yojana will cover the women above 19 years old and falling in the category of below poverty line.
Choose the correct answer from the codes given below:
Answer : C
Explanation
The objective of the Yojana is to reduce maternal and neo-natal mortality by promoting institutional delivery system (especially among the poor pregnant women).
Q 11 - Which among the following can correctly link with the term ‘MIBOR?’
Answer : A
Explanation
MIBOR stands for Mumbai Interbank Offer Rate.
Q 12 - The Agriculture and Rural Debt Relief Scheme (ARDRS) was introduced in …
Answer : D
Explanation
The objective of ARDRS is to exempt bank loans up to Rs. 10,000 of rural artisans and weavers.
Q 13 - How many people are living below the extreme poverty line?
Answer : A
Explanation
According to the most recent estimates (published by World Bank), in 2013, 10.7 percent of the world’s population were living on less than US$1.90 a day.
Q 14 - Consider the following statements:
1. Competition depends on some rules and regulations as guidelines so as an economic system is required.
2. An economic system comprises of many sets of rules, institutions, laws, values, and decision-making agents with the main of optimum allocation, distribution, growth, and stability.
Choose the correct answer from the codes given below:
Answer : C
Explanation
N/A
Q 15 - What is the limit of Foreign Direct Investment (FDI) in the sector of “Telecom Services?”
Answer : A
Explanation
N/A
Q 16 - Which among the following regions is not a center of rubber goods?
Answer : A
Explanation
Located in Punjab, Kapurthala is known for rail coaches.
Q 17 - Consider the following statements:
1. The National Goods Policy has passed with the objective to increase the production of capital goods from Rs.2,30,000 crores in 2014-15 to Rs.7,50,000 crores in 2025.
2. The policy has also objective to raise the direct and indirect employment from the current 8.4 million to 30 million.
Choose the correct answer from the codes given below:
Answer : C
Explanation
N/A
Q 18 - The Industrial Reconstruction Bank of India was introduced in …
Answer : D
Explanation
The objective of this bank is to provide loan to sick or closed industrial units for their reconstruction.
Q 19 - The Comprehensive Crop Insurance Scheme was introduced in …
Answer : D
Explanation
The objective of this scheme is to provide insurance to agricultural crops.
Q 20 - Consider the following statements:
1. The loan, which is taken for very short duration (for a few days per say), is known as ‘Call Money.’
2. The rate of interest of ‘Call Money’ is high.
Choose the correct answer from the codes given below:
Answer : A
Explanation
The rate of interest of ‘Call Money’ is low.