Indian Economy Online Quiz


Advertisements


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 - ‘Garibi Hatao’ (Growth with justice), was the main objective of ……………… five-year plan.

A - Third

B - Fourth

C - Fifth

D - Seventh

Answer : B

Explanation

The Fourth Five Year Plan was executed on the line ‘growth with stability.’

Q 2 - The Training Rural Youth for Self-Employment Program (TRYSEP) was introduced in …

A - 1952

B - 1977

C - 1979

D - 1975

Answer : C

Explanation

The objective of TRYSEP is to provide training to rural youth for the self-employment.

Q 3 - Which among the following is not a type of ‘Deficit?’

A - Revenue deficit

B - Budget deficit

C - Fiscal deficit

D - Expenditure deficit

Answer : D

Explanation

There are four types of deficit; the fourth one is ‘Primary Deficit.’

Q 4 - Which among the following taxes is exclusively imposed by State Government?

A - Income tax

B - Property tax

C - Custom duty

D - Land revenue tax

Answer : D

Explanation

N/A

Q 5 - Which among the following is not considered as the Corporate tax?

A - Profits from business

B - Income from property

C - Capital gains

D - Income from sale

Answer : D

Explanation

The tax levied on the income earned by businesses.

Answer : B

Explanation

N/A

Q 7 - Which among the following correctly defines ‘Planning Commission?’

A - It is a statutory body

B - It is a constitutional body

C - It is an administrative body

D - It is regulatory body

Answer : D

Explanation

Constitution of India does not define Planning Commission; nevertheless, it is established by a resolution passed by the union cabinet.

Answer : C

Explanation

The report of the Goiporia Committee was published in 1993.

Q 9 - Consider the following statements:

1. SEBI has the power to regulate the activities of share market.

2. SEBI has the power to regulate the inside trading of shares.

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 : B

Explanation

N/A

Answer : D

Explanation

D. R. Gadgil, was an Indian economist and vice chairman of the Planning Commission of India.

Answer : B

Explanation

Chelliah Committee was constituted in 1991.

Q 13 - S & P Share Price Index belongs to …

A - USA

B - UK

C - Canada

D - France

Answer : C

Explanation

N/A

Answer : D

Explanation

Market failures are more often associated with the terms time-inconsistent preferences, information asymmetries, etc.

Q 15 - The National Institute of Rural Development (NIRD) was introduced in …

A - 1952

B - 1963

C - 1974

D - 1977

Answer : D

Explanation

NIRD acts as an advisory body.

Q 16 - Which among the following is the oldest bank of India?

A - Punjab National Bank

B - State Bank of India

C - Gramin Bank

D - Bank of Baroda

Answer : A

Explanation

Punjab National Bank was established in 1894.

Q 17 - Ludhiana is largely known for …

A - Cycle industry

B - Glass items

C - Fertilizers

D - Jute

Answer : A

Explanation

Ludhiana is one of the leading cycle manufacturing centers in India.

Q 18 - What is the limit of Foreign Direct Investment (FDI) in the sector of “Mining and Exploration?”

A - 100%

B - 51%

C - 49%

D - 33%

Answer : A

Explanation

N/A

Answer : C

Explanation

N/A

Answer : A

Explanation

The scheme has been implemented in 1995-96.


indian_economy_online_quiz.htm

Advertisements