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Indian Economy Quiz 2018 MCQs General Knowledge for All Competitive Exams

Indian Economy Quiz

Solve Indian Economy Quiz now! Indian economy is one of the common section for competitive exams, almost all the exams contain the questions of Indian Economy. So we here are with the General Knowledge MCQs for All Competitive Exams.

So the Candidates who are going to appear in any of the competitive exams are advised to solve the Indian Economy mock test provided on this page! As per the experts, opinion solving mock test is the best trick to prepare for any competitive exam.

Benefit of Indian Economy Quiz

The provided General Knowledge Quiz will provide you an idea about the level of questions asked in the examinations. Apart from this it also helps you in increasing your speed and accuracy.

We are providing you 30 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 2018

Question 1 Indian Green Revolution is the most successful in

  1. Wheat and Potato
  2. Jwar and Oil seeds
  3. Wheat and Rice
  4. Tea and Coffee

Answer: 3

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Question 2 NABARD was established in

  1. Fourth plan
  2. Fifth plan
  3. Sixth plan
  4. Eighth plan

Answer: 3

Question 3 According to 2001 census, per 1000 male female number is

  1. 939
  2. 959
  3. 933
  4. 927

Answer: 3

Question 4 What is ‘Hawala’?

  1. Full details of a subject
  2. Illegal transactions of foreign exchange
  3. Illegal trading of shares
  4. Tax evasion

Answer: 2

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Question 5 What is “Stagflation”?

  1. Inflation with growth
  2. Deflation with growth
  3. Inflation after deflations
  4. Inflation with depression

Answer: 4

Question 6) Development expenditure of the Central government does not include

  1. Defence Expenditure
  2. Expenditure On Economic Services
  3. Expenditure On Social And Community Services
  4. Grant To States

Answer: 1

Question 7 ICICI is the name of a

  1. Chemical Industry
  2. Bureau
  3. Corporation
  4. Financial Institution

Answer: 4

Question 8 In the last one decade, which one among the following sectors has attracted the highest foreign direct investment inflows into India?

  1. Chemicals other than fertilizers
  2. Services sector
  3. Food processing
  4. Telecommunication

Answer: 4

Question 9 Which crop is sown on the largest area in India?

  1. Maize
  2. Wheat
  3. Sugarcane
  4. Rice

Answer: 4

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Question 10 Dalal Street is situated at?

  1. Paris
  2. Mumbai
  3. London
  4. New Delhi

Answer: 2     

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

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

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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

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

Question 28 Net factor income from abroad added to GDP gives

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

Answer: 3

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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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