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 - What is the limit of Foreign Direct Investment (FDI) in the sector of “Construction Development?”

Answer : A

Explanation

N/A

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:

Answer : C

Explanation

N/A

Q 3 - Venketaiya Committee is related to …

A - Cash Credit System

B - Review of Rural Financing System

C - Capital Account Convertibility

D - Regional Rural Banks

Answer : B

Explanation

N/A

Q 4 - Consider the following statements:

1. Bounty is the subsidy paid by the government to the exporters.

2. Bounty encourages exporters to export more.

Choose the correct answer from the codes given below:

Answer : C

Explanation

N/A

Q 5 - In reference to a senior citizen (age 80+) no income tax is levied on the earning of up to …

Answer : D

Explanation

N/A

Q 6 - S. K. Kalia Committee is related to …

A - Cash Credit System

B - Role of NGO and SHG in Credit

C - Agricultural Marketing

D - Regional Rural Banks

Answer : B

Explanation

N/A

Q 7 - Which among the following correctly defines the term ‘Disinvestment?’

A - Liberalization

B - Globalization

C - Delicensing

D - Selling or liquidating an asset

Answer : D

Explanation

Disinvestment typically means selling of government-owned enterprise.

Q 8 - Consider the following statements:

1. Economics, as a social science subject, is the study of human behavior in relation to the functioning of the economy.

2. Economic theories are based on a scientific approach that explain economic issues and behavior.

Choose the correct answer from the codes given below:

Answer : C

Explanation

N/A

Q 9 - In reference to ‘take-out finance scheme, consider the following statements:

1. Banks lend normally to infrastructure projects, but sell a part of that loan to a third party after a certain period of time.

2. The scheme is designed to encourage commercial banks to lend more to the infrastructure sector.

Choose the correct answer from the codes given below:

Answer : C

Explanation

N/A

Q 10 - Ahmedabad is known for …

Answer : B

Explanation

N/A

Q 11 - Bovespa Share Price Index belongs to …

Answer : A

Explanation

Bovespa Share Price Index is the stock exchange of Brazil.

Q 12 - The Antyodaya Yojana is limited to only one state i.e. ……

Answer : D

Explanation

N/A

Q 13 - Major industry/ies, which are located in Indore-Ujjain region is/are …

A - Cotton cloth

B - Handicrafts

C - Chemical industry

D - A & B

Answer : D

Explanation

Handicrafts, in this region was patronized by former courts.

Q 14 - In terms of total export, which among the following is the largest trading partner of India?

Answer : A

Explanation

The United States is the largest trading partner followed by UAE and Hong Kong.

Q 15 - Choksi Committee is related to …

A - Indirect tax

B - Direct tax

C - PSU Disinvestments

D - Review of the Cash Credit scheme

Answer : B

Explanation

N/A

Q 16 - The ‘Growth with Social Justice and Equity’ was the objective of ……… Five Year Plan.

A - Ninth Five Year

B - Tenth Five Year Plan

C - Seventh Five Year Plan

D - Eight Five Year Plan

Answer : A

Explanation

The objectives were to increase the employment and eradication of poverty.

Q 17 - Consider the following statements:

1. The PURA model emphasizes on the enlargement of employment as the sole objective to make use of rural manpower in various development activities.

2. The meaning of PURA is Providing Urban Amenities in Rural Areas.

Choose the correct answer from the codes given below:

Answer : C

Explanation

The objective of PURA is to incur economic development without population transfer.

Q 18 - In the list of the countries with the largest economy, India stands …

Answer : C

Explanation

N/A

Q 19 - What is the limit of Foreign Direct Investment (FDI) in the sector of “Broadcasting (especial cable networks)?”

Answer : A

Explanation

N/A

Q 20 - The Securities and Exchange Board of India (SEBI) was introduced in …

Answer : D

Explanation

The objective of SEBI is to safeguard the interests of investors.

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