DHS Assam Grade-III Recruitment 2022

Assam Direct Recruitment 2022 Grade-III Mock Test Series

Indian Economy MCQ Set-1

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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