Indian Economy MCQ – AssamONE

Indian Economy MCQ Set-10

A Sarmah — Wed, 11 Jul 2018 08:50:05 +0000

This set contains 10 multiple choice questions. One mark for each correct answer. No negative marking for incorrect answer.

1. Which is NOT a main items of the Capital Receipts?

a) Market Loans

b) Borrowings by the Government

c) Loans received from foreign governments and International financial Institutions.

d) Import duty

Correct! Wrong!

2. Seawater, fresh air, etc. are regarded in Economics as:

a) Normal Goods

b) Free Goods

c) Giffen Goods

d) Veblen Goods

Correct! Wrong!

3. Which tax is not shared between the Union & the States?

a) Personal Income Tax

b) Sales Tax

c) Corporate Gain Tax

d) Excise Duty

Correct! Wrong!

4. Insurance sector is regulated by:

a) Reserve Bank of India

b) National Bank for Agriculture and Rural Development(NABARD)

c) Insurance Regulatory and Development Authority(IRDA)

d) Small Industries Development Bank of India

Correct! Wrong!

5. When was the Jawahar Rozgar Yojana lanuched?

a) 2006

b) 1991

c) 1985

d) 1989

Correct! Wrong!

6. The abbreviation "SEBI" stands for:

a) Securities & Exchange Branch of India

b) Services & Exchange Board of India

c) Securities & Exchange Board of India

d) Services & Exchange Branch of India

Correct! Wrong!

7. Who is the ex-officio chairman of NITI ayog?

a) Finance Minister

b) Speaker of Lok Sabha

c) President of India

d) Prime Minister of India

Correct! Wrong!

8. Which one is NOT a feature of Monopoly?

a) Single seller of a commodity

b) Difficulty of entry of a new firm

c) Full control over price

d) Low profit margin

Correct! Wrong!

9. India is called a mixed economy because of the existence of:

a) Public Sector & Govt Sector

b) Public Sector & Cooperative Sector

c) Private Sector & Public Sector

d) Private Sector & Govt. Sector

Correct! Wrong!

10. Comprehensive inflation is when:

a) The prices of all commodities rise throughout the economy

b) The prices of industrial products rise throughout the economy

c) The price of service taxes rise throughout the economy

d) The price of Income tax rise throughout the economy

Correct! Wrong!

Indian Economy MCQ Set-10

Wrong! You got no answer correct.

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Indian Economy MCQ Set-9

A Sarmah — Wed, 11 Jul 2018 07:40:17 +0000

This set contains 10 multiple choice questions. One mark for each correct answer. No negative marking for incorrect answer.

1. Disposable income means:

a) The actual income which can be spent on consumption by individuals and families.

b) The actual income which can be used on savings

c) The actual income which can be used to pay loans

d) None of these

Correct! Wrong!

2. What is the definition of Nominal GNP?

a) GNP measured in terms of national output prices is called nominal GNP.

b) GNP measured in terms of current market prices is called nominal GNP.

c) GNP measured in terms of industrial output is called nominal GNP.

d) None of these

Correct! Wrong!

GNP is gross national product

3. Which one is NOT a inflation type?

a) Hyperinflation:

b) Comprehensive Inflation

c) Sporadic Inflation

d) Income Inflation

Correct! Wrong!

4. Which one is not a component of Money Supply in India?

a) M5

b M1

c) M2

d) M3

Correct! Wrong!

The Reserve Bank of India (RBI) is the central bank of our country. It manages the monetary system of our country. It has classified the money supply of our country into four components. M1 = Currency with the public. It includes coins and currency notes + demand deposits of the public M2 = M1 + post office savings deposits M3 = M1 + Time deposits of the public with the banks M4 = M3 + total post office deposits

5. Indirect tax in India can't be:

a) GST, Custom Duty, Excise Duty, Toll tax

b) GST, Custom Duty, Excise Duty, Property tax

c) GST, Custom Duty, Excise Duty, Entertainment tax

d) None of these

Correct! Wrong!

6. Which one is NOT a division of budget in India?

a) Revenue Budget

b) Deficit Budget

c) Capital Budget

d) None

Correct! Wrong!

7. Which one is NOT a direct tax in India?

a) Income tax

b) Wealth tax

c) Interest tax

d) Sales tax

Correct! Wrong!

8. What is a forward market?

a) Market for foreign exchange for future delivery is known as the forward market.

b) Market for foreign exchange for current delivery of imported product is known as forward market

c) Market for foreign exchange for future delivery of exported products is known as forward market

d) None of these

Correct! Wrong!

9. Which is a Non-developmental expenditure?

a) Railways

b) Posts

c) Defense

d) Roads

Correct! Wrong!

10. Which is NOT a concept of budget deficit?

a) Budget deficit

b) Revenue deficit

c) Primary deficit

d) Capital deficit

Correct! Wrong!

The budget deficit has FOUR concepts, the last one is FISCAL DEFICIT

Indian Economy MCQ Set-9

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Indian Economy MCQ Set-8

A Sarmah — Wed, 11 Jul 2018 07:06:19 +0000

This set contains 10 multiple choice questions. One mark for each correct answer. No negative marking for incorrect answer.

1. Choose the INCORRECT one:

a) Macroeconomics is the study of economic system as a whole. It studies broad aggregates like national income, employment and trade.

b) Micro Economics is a study of behavior of individual units of an economy such as individual consumer, producer etc.

c) Marginal Rate of Transformation is the ratio of units of one good sacrificed to produce one more unit of other good.

d) Increase in supply can cause to increase in demand

Correct! Wrong!

2. Which one is NOT a type of demand?

a) Cross demand

b) Income demand

c) Direct demand

d) Secondary demand

Correct! Wrong!

3. Direct demand is:

a) Demand for tax return made by final consumers to satisfy their needs.

b) Demand for goods and services made by final consumers to satisfy their needs.

c) Demand for govt services made by final consumers to buy new things

d) None of these

Correct! Wrong!

4. Which one of the following is NOT a type of goods?

a) Free goods

b) Giffen goods

c) Normal goods

d) Complementary goods

Correct! Wrong!

5. Which one of the following is NOT a type of market?

a) Monopoly

b) Oilgopoly

c) Secondary market

d) Monopsony

Correct! Wrong!

6. Which is a feature of pure competition in a market?

a) Few numbers of sellers

b) Low cost product

c) Large number of buyers and sellers

d) None of these

Correct! Wrong!

7. Net Domestic Product at market price(mp) is?

a) GDPmp+depreciation

b) GDPmp-depreciation

c) GNPmp+depreciation

d) GNPmp-depreciation

Correct! Wrong!

GDP is gross domestic product, GNP is gross national product

8. Net National Product at market price(mp) is?

a) GNPmp+depreciation

b) GNPmp-depreciation

c) GDPmp-depreciation

d) None of these

Correct! Wrong!

GDP is gross domestic product, GNP is gross national product

9. Which one is correct about Gross National Product(GNP) at market price?

a) GDP+ Net income earned from abroad

b) GDP - Net income earned from abroad

c) PPP + Net income earned from abroad

d) None of these

Correct! Wrong!

10. Net Domestic Product(NDP) at market price is?

a) Net national product - net factor income from abroad

b) Net national product + net factor income from abroad

c) Gross domestic product - net factor income from abroad

d) None of these

Correct! Wrong!

Indian Economy MCQ Set-8

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Hmm! You need improvement

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Indian Economy MCQ Set-7

A Sarmah — Tue, 10 Jul 2018 21:42:37 +0000

This set contains 10 multiple choice questions. One mark for each correct answer. No negative marking for incorrect answer.

1. The best indicator of economic development of any country is?

a) GDP

b) Total FDI

c) International relation on economy

d) Per capita income

Correct! Wrong!

2. What is the currency of Myanmar?

a) Dinar

b) Rupiah

c) Kyat

d) Takka

Correct! Wrong!

3. The concept of Goods and Services Tax (GST) is originated in

a) United States

b) United Kngdom

c) Canada

d) France

Correct! Wrong!

France was the first country to implement the GST in 1954.

4. Who was the father of Operation Flood ?

a) Amit Shah

b) Arun Jaitely

c) Dr. M.S. Swaminathan

d) Dr. Verghese Kurien

Correct! Wrong!

5. What kind of Tax is GST?

a) Indirect tax

b) Direct tax

c) Capital gain tax

d) Corporate gain tax

Correct! Wrong!

6. Via___________ the Ministry of Finance is required to review every quarter the trends in Receipts and Expenditure in relation to the Budget and place it before both Houses of Parliament.

a) NITI Aayog order

b) Constitution of India

c) Order of president

d) Responsibility and Budget Management Act 2003

Correct! Wrong!

7. First Regional Rural Bank came into existence in_, and the bank was______

a) 1974, Punjab Rural Bank

b) 1975, Prathama Bank

c) 1976, Pachim Banga Gramin Bank

d) None of these

Correct! Wrong!

8. Industrial Finance Corporation of India (IFCI) was established in:

a) 2014

b) 1999

c) 1991

d) 1948

Correct! Wrong!

9. Which of the following statement is correct about Pradhan Mantra Kaushal Vikas Yojna?

a) It was launched in 2015

b) It will provide training to 300 mn youths.

c) It will provide jobs to 1 crore youth by 2022

d) None of these

Correct! Wrong!

10. What is the full form of SIDBI?

a) Small Institute Development Bank of India

b) Small Industries Development Bank of India

c) Small Industries Donor Bank of India

d) Small Institute Donor Bank of India

Correct! Wrong!

Indian Economy MCQ Set-7

Wrong! You got no answer correct.

Hmm! You need improvement

Almost there! Keep practicing

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Indian Economy MCQ Set-6

A Sarmah — Tue, 10 Jul 2018 20:41:54 +0000

This set contains 10 multiple choice questions. One mark for each correct answer. No negative marking for incorrect answer.

1. Oldest stock exchange of Asia is?

a) Stock Exchange of Singapore

b) The Stock Exchange of Hong Kong Limited

c) Bombay Stock Exchange

d) National Stock Exchange of India Limited

Correct! Wrong!

2. Oldest bank of India is:

a) Bank of Hindustan

b) Punjab National Bank

c) Bank of Bombay

d) Bank of Calcutta

Correct! Wrong!

3. Oldest bank of India that is still in existence:

a) Bank of Bombay

b) Bank of Calcutta

c) Punjab National Bank

d) None of these

Correct! Wrong!

Bank of Calcutta is known as State Bank of India today

4. Which among the following body authorizes the credit limit to the National Co-operative Marketing Federation?

a) RBI

b) Ministry of Finance, GoI

c) NABARD

d) Finance Ministry of the respective state

Correct! Wrong!

5. Oldest bank of North East India is:

a) Assam Gramin Vikash Bank

b) North Eastern Development Finance Corporation Ltd.

c) Tezpur Industrial Bank Ltd

d) None of these

Correct! Wrong!

This bank was established in the year 1922.

6. Which among the following correctly defines the Net Interest Income?

a) Difference between interest earned and interest paid

b) Difference between income and tax paid

c) Interest earned on advance

d) None of these

Correct! Wrong!

7. The difference between fiscal deficit and interest paid for previous year is called?

a) Primary deficit

b) Fiscal Deficit

c) Financial deficit

d) Budget deficit

Correct! Wrong!

8. The purchase of shares and bonds of Indian companies by Foreign Institutional Investors is called?

a) Foreign Direct Investment

b) Foreign Indirect Investment

c) Invest in India

d) NRI investment

Correct! Wrong!

9. Which of the following is NOT a part of capital account?

a) Banking capital

b) Official capital

c) Private capital

d) Revenue capital

Correct! Wrong!

10. A Maharatna company can invest up to which among the following amounts in a project independently?

a) 1000 crore

b) None

c) 5000 crore

d) 100 crore

Correct! Wrong!

Indian Economy MCQ Set-6

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Almost there! Keep practicing

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Indian Economy MCQ Set-5

A Sarmah — Tue, 10 Jul 2018 20:10:37 +0000

This set contains 10 multiple choice questions. One mark for each correct answer. No negative marking for incorrect answer.

1. Co-operative movement was initiated in the sector:

a) Banking

b) Small Scale Industry(SME)

C) Agricultural Credit

d) Farming

Correct! Wrong!

2. The difference between revenue expenditure and revenue receipts is

a) Fiscal deficit

b) Primary deficit

c) Financial deficit

d) Revenue deficit

Correct! Wrong!

3. When family planning insurance scheme was launched in India

a) 1999

b) 2005

c) 2014

d) 2009

Correct! Wrong!

4. The primary mission of Pradhan Mantri Jan Dhan Yojana is?

a) National Mission for financial inclusion to ensure access to financial services, namely savings accounts, remittance, credit, insurance, pension in an affordable manner.

b) National Mission for financial taxation to ensure access to financial services, namely savings accounts, remittance, credit, insurance, pension in an affordable manner.

c) National Mission for financial budgeting to ensure access to financial services, namely savings accounts, remittance, credit, insurance, pension in an affordable manner.

d) None of these

Correct! Wrong!

5. Jan Dhan account scheme was launched in?

a) 2009

b) 2015

c) 2016

d) 2014

Correct! Wrong!

6. Which among the following decides the Saving Banks Account Interest Rate in India?

a) RBI

b) Finance Ministry

c) NABARD

d) Bank themselves

Correct! Wrong!

7. Choose the incorrect answer:

a) Repo rate is the rate at which the central bank of a country (RBI) lends money to commercial banks in the event of any shortfall of funds

b) Personal income tax is administered by Central Board of Direct taxes under Ministry of Finance in accordance with the provisions of the Income Tax Act.

c) Corporate income taxes are levied on the worldwide income of both domestic and non-resident Companies residents from all sources are in accordance with the provisions of the Income Tax Act.

d) None of these

Correct! Wrong!

8. In which among the following types comes the Interest Rate Risk?

a) Debit risk

b) Credit risk

c) Operational risk

d) Market risk

Correct! Wrong!

9. The difference between total expenditure and total receipts is:

a) Fiscal deficit

b) Financial deficit

c) Budget deficit

d) Economic deficit

Correct! Wrong!

10. In India, mutual funds are regulated by?

a) RBI

b) NABARD

c) Bombay Stock Exchange(BSE)

D) Securities and Exchange Board of India(SEBI)

Correct! Wrong!

Indian Economy MCQ Set-5

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Hmm! You need improvement

Almost there! Keep practicing

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Indian Economy MCQ Set-4

A Sarmah — Tue, 10 Jul 2018 19:35:09 +0000

This set contains 10 multiple choice questions. One mark for each correct answer. No negative marking for incorrect answer.

1. Which of the following is a union tax?

a) Taxes on agricultural income

b) Cooperation tax

c) Land revenues

d) None of these

Correct! Wrong!

2. Low productivity of agriculture in Indian is not caused by:

a) Poor financial facilities

b) Less area under cultivation

c) Subdivision of land holding

d) Inadequate availability of inputs

Correct! Wrong!

3. Which of the following is a direct tax?

a) GST

b) Tax on Income

c) Custom Duty

d) None of these

Correct! Wrong!

4. Which one of the followings is correct about GREEN REVOLUTION?

a) It has led to increase in regional inequalities

b) It has led to spurt in all food grain production

c) It has reduced inter-personal inequalities within a region

d) None of these

Correct! Wrong!

5. What is meant by the ‘Blue Chip’ company?

a) Kind of company that deals with electronic chips

b) Kind of company that deals with potato chips

c) Kind of company that constantly perform good result

d) None of these

Correct! Wrong!

6. Which of the following is a union indirect tax?

a) Security transaction tax

b) Capital gain tax

c) Corporate income tax

d) None

Correct! Wrong!

7. Capital gain tax is defined as:

a) Tax payable for buying physical assets

b) Tax payable at capital expenditure

c) Tax payable on monetary gains on sale of assets

d) None of these

Correct! Wrong!

8. Which one is correct about CENTRAL EXCISE DUTY?

a) Excise Duty is attracted on every manufactured goods in India under the Central Excise act 1944 and the Central Excise Tariff Act 1985

b) Excise Duty is attracted on every agricultural goods in India under the Central Excise act 1945 and the Central Excise Tariff Act 1985

c) Excise Duty is attracted on every consumer goods in India under the Central Excise act 1945 and the Central Excise Tariff Act 1987

d) None of these

Correct! Wrong!

9. Imported goods in India doesn't attract which type of custom duty?

a) basic customs duty

b) Advanced incremental duty

c) additional customs duty

d) education cess

Correct! Wrong!

10. Securities transaction tax is not levied on transaction of:

a) NEFT, RTGS

b) Equity shares

c) Derivatives

d) Units of equity-oriented funds

Correct! Wrong!

Indian Economy MCQ Set-4

a) Excellent! You nailed it

b) Almost there! Keep practicing

c) Hmm! You need improvement

d) Wrong! You got no answer correct.

106

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Indian Economy MCQ Set-3

A Sarmah — Tue, 10 Jul 2018 14:13:08 +0000

This set contains 10 multiple choice questions. One mark for each correct answer. No negative marking for incorrect answer.

1. Choose the INCORRECT one about Indian Labor force, 2014 estimate:

a) Agricultural labor consists of 47% of the total population

b) Industry labor consists of 47% of the total population

c) Service labor consists of 47% of the total population

d) None of these

Correct! Wrong!

2. Primary export partner of India is?

a) China

b) United States

c) European Union

d) Japan

Correct! Wrong!

3. Primary import partner of India is?

a) United States

b) European Union

c) Japan

d) China

Correct! Wrong!

4. As of 31st December 2017, gross external debit of India is?

a) $100.1 Billion

b) $513.4 Billion

c) $204.5 Billion

d) None of these

Correct! Wrong!

5. India established itself as one of the world's fastest growing economy in the year?

a) 2016

b) 2017

c) 2008

d) 1991

Correct! Wrong!

6. The other name/s of Financial year is?

Please select 2 correct answers

a) Fiscal Year

b) Budget Year

c) Income year

d) Revenue year

Correct! Wrong!

7. Choose the correct answer:

a) FDI in the cosmetic industry increased after economic liberalization of India

b) FDI in the cosmetic industry decreased after economic liberalization in India

c) FDI in the cosmetic industry remain stagnant after economic liberalization in India

d) None of these

Correct! Wrong!

8. Which country is the biggest consumer of gold in the world?

a) China

b) India

c) United States

d) England

Correct! Wrong!

India overtakes China, becomes biggest gold consumer in the year 2015

9. According to IMF report 2017, which country is in the FIRST rank of per capita GDP?

a) United States

b) England

c) United Arab Emirates

d) Qatar

Correct! Wrong!

10. Which country is world's largest in terms of polishing diamonds, gems, and manufacturing jewelry?

a) China

b) United States

c) Japan

d) India

Correct! Wrong!

Indian Economy MCQ Set-3

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Indian Economy MCQ Set-2

A Sarmah — Tue, 10 Jul 2018 13:35:28 +0000

This set contains 10 multiple choice questions. One mark for each correct answer. No negative marking for incorrect answer.

1. Economic planning CANNOT be:

a) Indicative

b) Democratic

c) Limited

d) Imperative

Correct! Wrong!

2. According to 2011 census, how much percentage of Indian population lives below $1.90( approx Rs.130) a day?

a) 5%

b) 20%

c) 21.2%

d) 9%

Correct! Wrong!

3. As per the world bank report 2014, how much percentage of total Indian population living below $3.10(approx Rs. 200) a day?

a) 32%

b) 58%

c) 45%

d) 42%

Correct! Wrong!

4. Choose the INCORRECT one:

a) As of Nov 2016, India is the second-most unequal country in the world in terms of Income level

b) The richest 1% of Indians own 58.4% of wealth

c) The richest 10 % of the Indians own 80.7 % of the wealth.

d) This trend of income inequality is going in the downward direction every year

Correct! Wrong!

5. What is the correct full form of CRIS?

a) Comparative Rating Index for States

b) Comparative Rating Index for Sovereigns

c) Comparative Rating Index for Society

d) Cumulative Rating Index for Sovereigns

Correct! Wrong!

6. Which one among the following is a task of the NITI aayog

a) Executing the plan

b) Delivering the plan

c) Preparing the plan

d) Governing the plan

Correct! Wrong!

7. What is the new name of the Planning Commission of India?

a) National Institution for Transforming India(NITI) Aayog

b) National Institute of Transforming India(NITI) Aayog

c) National Institution for Transaction India(NITI) Aayog

d) National Institute of Transforming India(NITI) Aayog

Correct! Wrong!

8. What is the primary difference between NITI Aayog and Planning commission?

a) Planning commission had powers to allocate funds to ministries and states, whereas NITI Aayog is a truly financial decision making body

b) Planning commission had powers to allocate funds to ministries and states, whereas NITI Aayog is a truly think tank & advisory body

c) Planning commission had no powers to allocate funds to ministries and states, whereas NITI Aayog is a truly think tank & advisory body

d) None of these

Correct! Wrong!

9. Which among the following industry generates invisible exports?

a) Fashion & Modelling

b) Flim Industry

c) Travel & Tourism

d) Fishing

Correct! Wrong!

10. Who is recognized as the "FATHER OF INDIAN ECONOMICS?"

a) Ataj Bihari Vajpayee

b) Narendra Modi

c) Manmohan Singh

d) Narashima Rao

Correct! Wrong!

Indian Economy MCQ Set-2

Excellent! You nailed it

Almost there! Keep practicing

Hmm! You need improvement

Wrong! You got no answer correct.

106

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Indian Economy MCQ Set-1

A Sarmah — Tue, 10 Jul 2018 12:47:55 +0000

This set contains 10 multiple choice questions. One mark for each correct answer. No negative marking for incorrect answer.

1. Which one is incorrect about Indian Economy?

a) During the Mughal Empire, India was the world leader in manufacturing, producing 25% of the world's industrial output up until the mid-18th century, prior to British rule.

b) Indus valley civilization economy appears to have depended significantly on trade.

c) Mughal empire enforced a uniform customs and tax-administration system.

d) None of these

Correct! Wrong!

2. Which one is NOT a key industry during the Mughal era?

a) Fireworks

b) Textiles

c) Shipbuilding

d) Steel

Correct! Wrong!

3. Who is the father of Economics?

a) Max Muller

b) Amartya Sen

c) Adam Smith

c) Karl Marx

Correct! Wrong!

4. Which among the following closest instrument to Gold ETF?

a) Savings Deposit

b) Mutual Fund

c) Debenture

d) None of these

Correct! Wrong!

Gold ETFs(Exchange traded fund) are mutual fund schemes that invest in standard gold bullion, Gold ETF is a also called as Paper Gold

5. Indian Economy is a:

a) Socialist Economy

b) Mixed Economy

c) Capitalist Economy

d) Gandhian Economy

Correct! Wrong!

6. Indian economy was liberalized in the year:

a) 2014

b) 2004

c) 1991

Correct! Wrong!

7. Which one is INCORRECT about Indian Economy?

a) The Licence Raj or Permit Raj was the elaborate system of licences, regulations and accompanying red tape that were required to set up and run businesses in India between 1947 and 1990

b) The first attempt to liberalize the economy was happened in 1967. Thereafter, a stronger version of socialism was adopted

c) Licence Raj established the "responsible, self-perpetuating bureaucracy and corruption declined under this system

d) None of the above

Correct! Wrong!

8. Mixed economy means a economy where:

a) There can be the co-existence of public sector as well as private sector

d) Economy is controlled by Bureaucracy and military

c) Small scale industries get preference as that of Large scale industry

d) None of these

Correct! Wrong!

9. Which among the following was the first bank purely managed by Indians?

a) Bank of Maharastra

b) Punjab National Bank

c) Imperial Bank of India(now SBI)

d) Andhra Bank

Correct! Wrong!

10. As per IMF report 2017, India's rank in per capita GDP is?

a) 7th

b) 8th

c) 131th

d) 122nd

Correct! Wrong!

Indian Economy MCQ Set-1

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Hmm! You need improvement

Almost there! Keep practicing

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Indian Economy MCQ – AssamONE

Indian Economy MCQ Set-10

1. Which is NOT a main items of the Capital Receipts?

2. Seawater, fresh air, etc. are regarded in Economics as:

3. Which tax is not shared between the Union & the States?

4. Insurance sector is regulated by:

5. When was the Jawahar Rozgar Yojana lanuched?

6. The abbreviation "SEBI" stands for:

7. Who is the ex-officio chairman of NITI ayog?

8. Which one is NOT a feature of Monopoly?

9. India is called a mixed economy because of the existence of:

10. Comprehensive inflation is when:

Indian Economy MCQ Set-9

1. Disposable income means:

2. What is the definition of Nominal GNP?

3. Which one is NOT a inflation type?

4. Which one is not a component of Money Supply in India?

5. Indirect tax in India can't be:

6. Which one is NOT a division of budget in India?

7. Which one is NOT a direct tax in India?

8. What is a forward market?

9. Which is a Non-developmental expenditure?

10. Which is NOT a concept of budget deficit?

Indian Economy MCQ Set-8

1. Choose the INCORRECT one:

2. Which one is NOT a type of demand?

3. Direct demand is:

4. Which one of the following is NOT a type of goods?

5. Which one of the following is NOT a type of market?

6. Which is a feature of pure competition in a market?

7. Net Domestic Product at market price(mp) is?

8. Net National Product at market price(mp) is?

9. Which one is correct about Gross National Product(GNP) at market price?

10. Net Domestic Product(NDP) at market price is?

Indian Economy MCQ Set-7

1. The best indicator of economic development of any country is?

2. What is the currency of Myanmar?

3. The concept of Goods and Services Tax (GST) is originated in

4. Who was the father of Operation Flood ?

5. What kind of Tax is GST?

6. Via___________ the Ministry of Finance is required to review every quarter the trends in Receipts and Expenditure in relation to the Budget and place it before both Houses of Parliament.

7. First Regional Rural Bank came into existence in_____, and the bank was__________

8. Industrial Finance Corporation of India (IFCI) was established in:

9. Which of the following statement is correct about Pradhan Mantra Kaushal Vikas Yojna?

10. What is the full form of SIDBI?

Indian Economy MCQ Set-6

1. Oldest stock exchange of Asia is?

2. Oldest bank of India is:

3. Oldest bank of India that is still in existence:

4. Which among the following body authorizes the credit limit to the National Co-operative Marketing Federation?

5. Oldest bank of North East India is:

6. Which among the following correctly defines the Net Interest Income?

7. The difference between fiscal deficit and interest paid for previous year is called?

8. The purchase of shares and bonds of Indian companies by Foreign Institutional Investors is called?

9. Which of the following is NOT a part of capital account?

10. A Maharatna company can invest up to which among the following amounts in a project independently?

Indian Economy MCQ Set-5

1. Co-operative movement was initiated in the sector:

2. The difference between revenue expenditure and revenue receipts is

3. When family planning insurance scheme was launched in India

4. The primary mission of Pradhan Mantri Jan Dhan Yojana is?

5. Jan Dhan account scheme was launched in?

6. Which among the following decides the Saving Banks Account Interest Rate in India?

7. Choose the incorrect answer:

8. In which among the following types comes the Interest Rate Risk?

9. The difference between total expenditure and total receipts is:

10. In India, mutual funds are regulated by?

Indian Economy MCQ Set-4

1. Which of the following is a union tax?

2. Low productivity of agriculture in Indian is not caused by:

3. Which of the following is a direct tax?

4. Which one of the followings is correct about GREEN REVOLUTION?

5. What is meant by the ‘Blue Chip’ company?

6. Which of the following is a union indirect tax?

7. Capital gain tax is defined as:

8. Which one is correct about CENTRAL EXCISE DUTY?

9. Imported goods in India doesn't attract which type of custom duty?

10. Securities transaction tax is not levied on transaction of:

Indian Economy MCQ Set-3

1. Choose the INCORRECT one about Indian Labor force, 2014 estimate:

7. First Regional Rural Bank came into existence in_, and the bank was______