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.

Questions and Answers

Q 1 - What is the limit of Foreign Direct Investment (FDI) in the sector of “Industrial Parks?”

A - 100%

B - 51%

C - 49%

D - 26%

Answer : A

Explanation

N/A

Answer : B

Explanation

N/A

Q 3 - Consider the following statements:

1. The concept of dialectical materialism is given by Marx.

2. Marx was against the capitalism.

Choose the correct answer from the codes given below:

A - Only 1

B - Only 2

C - Both

D - Neither 1 nor 2

Answer : C

Explanation

Marx along with his friend Engels published Communist Manifesto in 1848.

Q 4 - Consider the following statements:

1. During the inflation time, if the tax revenue increases, then it is known as ‘buoyancy.’

2. When the market is favorable to the buyers, it is known as buyer’s market.

Choose the correct answer from the codes given below:

A - Only 1

B - Only 2

C - Both

D - Neither 1 nor 2

Answer : C

Explanation

N/A

Q 5 - Consider the following statements:

1. SEBI is authorized to impose monetary penalties on capital market intermediaries.

2. SEBI is authorized to impose monetary penalties on investors and other violators.

Choose the correct answer from the codes given below:

A - Only 1

B - Only 2

C - Both

D - Neither 1 nor 2

Answer : C

Explanation

N/A

Answer : C

Explanation

N/A

Answer : D

Explanation

The vision is introduced by former President A. P. J. Abdul Kalam.

Q 8 - Consider the following statements:

1. Economics, as a social science subject, is the study of human behavior in relation to the functioning of the economy.

2. Economic theories are based on a scientific approach that explain economic issues and behavior.

Choose the correct answer from the codes given below:

A - Only 1

B - Only 2

C - Both

D - Neither 1 nor 2

Answer : C

Explanation

N/A

Q 9 - In reference to ‘take-out finance scheme, consider the following statements:

1. Banks lend normally to infrastructure projects, but sell a part of that loan to a third party after a certain period of time.

2. The scheme is designed to encourage commercial banks to lend more to the infrastructure sector.

Choose the correct answer from the codes given below:

A - Only 1

B - Only 2

C - Both

D - Neither 1 nor 2

Answer : C

Explanation

N/A

Q 10 - Hindustan Photo Films Manufacturing Co. Ltd. is located in …

A - Hazaribagh (Jhaarkhand)

B - Noonmati (Assam)

C - Kochi (Kerala)

D - Ootacamund or Ooty (Tamil Nadu)

Answer : D

Explanation

N/A

Answer : B

Explanation

N/A

Q 12 - Nikkei Share Price Index belongs to …

A - China

B - Japan

C - Taiwan

D - South Korea

Answer : B

Explanation

N/A

Answer : D

Explanation

Mohanlal Lallubhai Dantwala was an Indian agricultural economist.

Answer : C

Explanation

N/A

Q 15 - Consider the following statements:

1. The Pradhan Mantri Fasal Bima Yojana (or Prime Minister's Crop Insurance Scheme) was launched on 18 February 2016.

2. This scheme is designed to cover more than 50% of the farmers under its wing in next 2 to 3 years.

Choose the correct answer from the codes given below:

A - Only 1

B - Only 2

C - Both

D - Neither 1 nor 2

Answer : C

Explanation

N/A

Q 16 - The Ninth Five Year Plan was not as successful as it was planned because of …

A - Recession in international economy

B - Lack of resources

C - Internal disturbances because of employment

D - Instability in governance

Answer : A

Explanation

During the Ninth Five Year Plan, there was recession in the international economy.

Answer : D

Explanation

The period of First Five Year Plan was 1969-74.

Q 18 - Which among the following correctly defines the term ‘Golden Handshake?’

A - High level meetings

B - Mutually beneficial contract

C - Trade of gold

D - A security amount for the employee

Answer : D

Explanation

A golden handshake is a scheme in an executive employment contract, which provides the executive with a substantial severance package in the case that the executive loses his or her job through firing, restructuring, or even scheduled retirement.

Q 19 - In terms of total import, which among the following is the largest trading partner of India?

A - United States

B - China

C - UAE

D - UK

Answer : B

Explanation

China is the largest trading partner followed by Saudi Arabia and Switzerland.

Q 20 - The Community Area Development Program (CADP) was implemented in …

A - 1952

B - 1963

C - 1974

D - 1976

Answer : C

Explanation

The CADP has emphasized on irrigation program.

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