- Indian Economy Tutorial
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- Indian Economy - Introduction
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- Indian Economy - Poverty
- Indian Economy - Food Security
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- Indian Economy - Rural Development
- Indian Economy - Money & Banking
- Economy - Government Budget
- Indian Economy - Consumer Rights
- Indian Economy - Reforms
- Indian Economy - Open
- Indian Economy - Micro Economics
- Indian Economy - Macro Economics
- Economy - Sustainable Development
- Indian Economy Useful Resources
- Indian Economy - Online Quiz
- Indian Economy - Online Test
- Indian Economy - Quick Guide
- Indian Economy- Useful Resources
- Indian Economy - Discussion
Indian Economy Online Quiz
Following quiz provides Multiple Choice Questions (MCQs) related to Indian Economy. You will have to read all the given answers and click over the correct answer. If you are not sure about the answer then you can check the answer using Show Answer button. You can use Next Quiz button to check new set of questions in the quiz.
Q 1 - The headquarters of Coffee Board is located in …
Answer : A
Explanation
It is established under the Coffee Act, 1942.
Q 2 - Swachh Bharat Abhiyan, launched by Narendra Modi Government, was implemented in …
Answer : C
Explanation
Launched on 2nd October 2014, the objective of Swachh Bharat Abhiyan is to clean India by 2nd October 2019.
Q 3 - In reference to the concept of economics, consider the following statements:
1. The competition arises, when there is more than one person demanding the same economic goods.
2. The concept “first-one-first-served” encourages Non-price competition.
Choose the correct answer from the codes given below:
Answer : C
Explanation
N/A
Q 4 - The headquarters of Asian Development Bank is located in …
Answer : D
Explanation
N/A
Q 5 - Which among the following regions is not a jute center?
Answer : D
Explanation
Located in Uttar Pradesh, Agra is largely known for leather goods.
Q 6 - S. K. Kalia Committee is related to …
Answer : B
Explanation
N/A
Answer : A
Explanation
Nation’s average poverty is 21.92%
Q 8 - Goiporia Committee is related to …
Answer : C
Explanation
The report of the Goiporia Committee was published in 1993.
Q 9 - Godwala Committee is related to …
Answer : B
Explanation
N/A
Q 10 - Which among the following provides financial advice and policy to developing countries?
Answer : C
Explanation
IMF stands for International Monetary Fund; its headquarters is located in Washington DC.
Q 11 - Which among the following can correctly link with the term ‘MIBOR?’
Answer : A
Explanation
MIBOR stands for Mumbai Interbank Offer Rate.
Q 12 - Consider the following statements:
1. Statutory Liquidity Ratio is the amount that the commercial banks need to maintain in the form of cash, or gold, or government approved securities (i.e. bonds) before provide credit to their customers.
2. Statutory Liquidity Ratio is regulated by Ministry of Finance.
Choose the correct answer from the codes given below:
Answer : A
Explanation
Statutory Liquidity Ratio is regulated by RBI.
Q 13 - Which among the following sentences correctly defines the term ‘devaluation?’
A - Reduction in the value of currency, in comparison to foreign currency
B - Depreciation of the assets’ value
Answer : A
Explanation
N/A
Q 14 - In reference to microeconomics, consider the following statements:
1. Elasticity is normally the measurement of how responsive an economic variable is to a change in another variable.
2. Elasticities usually include price elasticity of supply, price elasticity of demand, income elasticity of demand, and elasticity of substitution.
Choose the correct answer from the codes given below:
Answer : C
Explanation
N/A
Q 15 - What is the limit of Foreign Direct Investment (FDI) in the sector of “Petroleum & Natural Gas (especially exploration activities)?”
Answer : A
Explanation
N/A
Q 16 - Pradhan Mantri Jan Dhan Yojana, launched by Narendra Modi Government, was implemented in …
Answer : C
Explanation
The scheme was launched to provide financial services to weaker sections of the society.
Q 17 - The Rural Landless Employment Guarantee Program (RLEGP) was introduced in …
Answer : A
Explanation
The objective of RLEGP is to provide employment to landless farmers and laborers.
Q 18 - In the list of the countries with the largest economy, India stands …
Answer : C
Explanation
N/A
Q 19 - Which among the following correctly defines the term ‘black market?’
A - The illegal traffic or trade
B - Not following the government’s rule
Answer : A
Explanation
Black market is underground activity.
Q 20 - Which among the following schemes promotes self-employment?
A - Swarna Jayanti Gram Swarozgar Yojana (SJGSY)
B - Jawahar Gram Swarozgar Yojana (JGSY)
Answer : A
Explanation
SJGSY has been implemented in 1999.
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