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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 - First Five Year Plan was based on
Answer : A
Explanation
The period of First Five Year Plan was 1951 56.
Q 2 - Indradanush Scheme, launched by Narendra Modi Government, was implemented in
Answer : C
Explanation
One of the major objectives of the scheme is to improve the childrens health.
Q 3 - Venketaiya Committee is related to
B - Review of Rural Financing System
Answer : B
Explanation
N/A
Q 4 - Consider the following statements:
1. The great businessman and economist David Ricardo was born in London, UK.
2. Ricardo has given the theory of rent and diminishing returns.
Choose the correct answer from the codes given below:
Answer : C
Explanation
Born in 1772, Ricardo was not much educated.
Q 5 - Y.V. Reddy Committee is related to
Answer : B
Explanation
N/A
Q 6 - Which among the following correctly defines the term hot money?
A - Hot money is the fund that keep flowing between the financial markets
D - The difference between the total expenditure and total income
Answer : A
Explanation
The idea behind frequent flowing of fund is to earn profit.
Q 7 - Hazari Committee is related to
Answer : D
Explanation
The committee is constituted in 1966.
Q 8 - What is the limit of Foreign Direct Investment (FDI) in the sector of Pharmaceuticals (Brown Field)?
Answer : A
Explanation
Up to 74% automatic, but above 74% after governments approval.
Q 9 - What is the limit of Foreign Direct Investment (FDI) in the sector of Single Brand retail trading?
Answer : A
Explanation
N/A
Q 10 - Which among the following correctly defines the term debt trap?
Answer : A
Explanation
Because of having very high interest payment, it is difficult to repay principal amount.
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 - Chelliah Committee is related to
A - Establishment of a new stock exchange
B - Improvement of transaction methods of public sector bonds and mutual funds
Answer : C
Explanation
Raja Chelliah was an economist.
Q 13 - Which among the following regions is not a center of locomotives?
Answer : D
Explanation
Located in Uttar Pradesh, Firozabad is known for bangles.
Q 14 - Hindustan Organic Chemicals Ltd. is located in
Answer : A
Explanation
N/A
Q 15 - In reference to a senior citizen (age 60+, but below 80) no income tax is levied on the earning of up to
Answer : C
Explanation
N/A
Q 16 - In which year, the promotion of Special Economic Zones was started?
Answer : B
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 - What is the meaning of zero based budgeting?
A - The situation in which all expenses must be justified for each new period
B - No new expense in new budget
C - No deficit budget (i.e. total expenditure = total income)
Answer : A
Explanation
N/A