Indian Economy MCQ Set-10 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 Continue >> 2. Seawater, fresh air, etc. are regarded in Economics as: a) Normal Goods b) Free Goods c) Giffen Goods d) Veblen Goods Continue >> 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 Continue >> 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 Continue >> 5. When was the Jawahar Rozgar Yojana lanuched? a) 2006 b) 1991 c) 1985 d) 1989 Continue >> 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 Continue >> 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 Continue >> 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 Continue >> 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 Continue >> 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 Continue >> Indian Economy MCQ Set-10 Wrong! You got no answer correct. Share your Results : Facebook Twitter Google+ Indian Economy MCQ Set-10 Hmm! You need improvement Share your Results : Facebook Twitter Google+ Indian Economy MCQ Set-10 Almost there! Keep practicing Share your Results : Facebook Twitter Google+ Indian Economy MCQ Set-10 Excellent! You nailed it Share your Results : Facebook Twitter Google+ PLAY AGAIN ! You Might Also Like Indian Economy MCQ Set-6 July 11, 2018 Indian Economy MCQ Set-9 July 11, 2018 Indian Economy MCQ Set-4 July 11, 2018 Indian Economy MCQ Set-3 July 10, 2018 Leave a Reply Cancel reply Notify me of follow-up comments by email. Notify me of new posts by email.