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Indian Economy Quiz 2018 MCQs General Knowledge for All Competitive Exams

Indian Economy Quiz

With the help of this page you will get the updates about Indian Economy Quiz and latest General Knowledge MCQs for upcoming competitive exams. General Knowledge MCQs on Indian Economy are listed below with their correct answer. You can practice for your exam with the help of below given Indian Economy GK MCQs.

Reading daily GK Indian Economy Quiz will help the individual in all exams because most of competitive exams include General Knowledge as common section. Practicing daily Indian Economy Questions will encourage you and gives motivation to achieve your desired goals.

Indian Economy General Awareness Quiz 2018

Provided Indian Economy GK questions includes all updates related to National, International, Sports affairs and other important agenda. So, have a look on below given Indian Economy MCQs and prepare for Competitive Exams.

We have provided list of Indian Economy Questions with their answers; these questions are taken from the previous year’s questions papers. Let’s solve an Indian Economy Quiz 2018 and check your knowledge about Indian Economy.

Indian Economy Quiz

Question 1: The Palace Queen Humsafar Express flagged off by Prime Minister NarendraModi will travel between______

  1. Mysuru – Udaipur
  2. New Delhi – Ahmedabad
  3. Gandhinagar – Bengaluru
  4. Jaipur – Hyderabad

Answer: 1

Question 2:GunduHanumanthaRao, who passed away recently, was associated with which field?

  1. Politics
  2. Law
  3. Film Industry
  4. Science

Answer: 3

Question 3: In the Union Budget 2018, the Union government has announced to build a tunnel through the Sela Pass. The Sela pass is located in which state?

  1. Sikkim
  2. Arunachal Pradesh
  3. Manipur
  4. Himachal Pradesh

Answer: 2

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Question 4: Which union ministry has launched the Start-up-India ranking framework?

  1. Ministry of Commerce and Industry
  2. Ministry of Human Resource Development
  3. Ministry of Social Justice and Empowerment
  4. Ministry of Law and Justice

Answer: 1

Question 5: Which among the following scheme has been launched by the government to provide cheap sanitary pads to school girls and women on the International Women’s Day 2018?

  1. AakritiYojana
  2. KrithikaYojana
  3. AsmitaYojana
  4. NairitiYojana

Answer: 3

Question 6: Which state to have India’s first artificial intelligence centre?

  1. Andhra Pradesh
  2. Maharashtra
  3. Kerala
  4. Tamil Nadu

Answer: 2

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Question 7: Who has been honoured with the 2018 Sahitya Akademi Bhasha Samman award?

  1. ThakazhiSivasankaraPillai
  2. Rahul Sankarnarayan
  3. SheshAnandMadhukar
  4. VisvanathaSatyanarayana

Answer: 3

Question 8: Which country has become the world’s first country to repeal same-sex marriage?

  1. Greece
  2. Portugal
  3. South Africa
  4. Bermuda

Answer: 4

Question 9: In an attempt to speed up the implementation of the flagship Pradhan Mantri Awas Yojana (PMAY), the Union Cabinet has approved the creation of a National Urban Housing Fund to finance the scheme. What is the total corpus of the fund?

  1. 40,000 crores
  2. 60,000 crores
  3. 50,000 crores
  4. 80,000 crores

Answer: 2

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Question 10: Who has been sworn-in as new Chief Justice of the High Court of Manipur?

  1. ManjulaChellur
  2. SujataManohar
  3. AbhilashaKumari
  4. SukhdaPritam

Answer: 3

Question 11 Paper currency first started in India in

  1. 1861
  2. 1542
  3. 1601
  4. 1880

Answer: 1     

Question 12 Subsidies mean

  1. Payment By Government For Purchase Of Goods And Services
  2. Payment Made By Business Enterprises To Factors Of Production
  3. Payment Made By Companies To Shareholders
  4. Payment Made By The Government To Business Enterprises, Without Buying Any Goods And Services

Answer: 4

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Question 13 National expenditure includes

  1. Consumption Expenditure
  2. Investment Expenditure
  3. Government Expenditure
  4. All Of The Above

Answer: 4

Question 14 Which of the following is not an undertaking under the administrative control of Ministry of Railways?

  1. Container Corporation Of India Limited
  2. Konkan Railway Corporation Limited
  3. Indian Railways Construction Company Limited
  4. Diesel Locomotive Works, Varanasi

Answer: 3

Question 15 The condition of indirect taxes in the country’s revenue is approximately

  1. 70 percent
  2. 75 percent
  3. 80 percent
  4. 86 percent

Answer: 4

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Question 16 Deficit financing means that the government borrows money from the

  1. Rbi
  2. Local Bodies
  3. Big Businessmen
  4. Imf

Answer: 1     

Question 17 Revenue of the state governments are raised from the following sources, except

  1. Entertainment Tax
  2. Expenditure Tax
  3. Agricultural Income Tax
  4. Land Revenue

Answer: 3

Question 18 In Sugar production in the world India placed at

  1. First rank
  2. Second rank
  3. Third rank
  4. Fourth rank

Answer: 1

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Question 19 Who was the Chairman of Disinvestment Commission?

  1. Vasudev Sen
  2. V. Rama Krishan
  3. Narasimham
  4. Ram Niwas Mirdha

Answer: 2

Question 20 Who is the ‘Ex-Officio’ Chairman of planning commission?

  1. President
  2. Planning Minister
  3. Finance Minister
  4. Prime Minister

Answer: 4

Question 21 which country produces Maximum Tea in the world?

  1. India
  2. China
  3. Srilanka
  4. Japan

Answer: 1

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Question 22 Indian Railways earn the Maximum Revenue from

  1. Passenger fare
  2. Freight
  3. Traffic tax
  4. Passenger tax

Answer: 2

Question 23 The currency convertibility concept in its original form originated in

  1. Wells Agreement
  2. Bretton Woods Agreement
  3. Taylors Agreement
  4. None Of The Above

Answer: 2

Question 24 In the state of India, the State Financial Corporation have given assistance mainly to develop

  1. Agricultural Farms
  2. Cottage Industry
  3. Large-Scale Industries
  4. Medium And Small-Scale Industries

Answer: 4

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Question 25 The central co-operative banks are in direct touch with

  1. Farmers
  2. State Co-Operative Banks
  3. Land Development Banks
  4. Central Government

Answer: 2

Question 26 The first wholly Indian Bank was set up in

  1. 1794
  2. 1894
  3. 1896
  4. 1902

Answer: 3     

Question 27 States earn maximum revenue through

  1. Land Revenue
  2. Custom Revenue
  3. Commercial Taxes
  4. Excise Duties On Intoxicants

Answer: 3

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Question 28 Net factor income from abroad added to GDP gives

  1. Ndp
  2. Nnp
  3. Gnp
  4. Per Capital Income

Answer: 3

Question 29 The seventh plan gave maximum weight age to the sector of

  1. Energy
  2. Science And Technology
  3. Agriculture
  4. Industry

Answer: 1

Question 30 which one of the following is a revamp of the Integrated Rural Development Programme?

  1. National Social Assistance Programme
  2. Community Based Pro-Poor Initiative
  3. Jawahar Gram Samridhi Yojana
  4. Swarnajayanti Gram Swarozgar Yojana

Answer: 4

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Hope the above provided question and answers are helpful for your exam. So start preparing for your exam by today only, we recommend you to solve Indian Economy Quiz on regular basis for the better result.

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