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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 - R.S. Saria Committee is related to
B - Agricultural Finance and Cooperative Societies
Answer : B
Explanation
N/A
Q 2 - Indradanush Scheme, launched by Narendra Modi Government, was implemented in
Answer : C
Explanation
One of the major objectives of the scheme is to improve the childrens health.
Q 3 - The currency of 10 & 50 rupees is issued by
Answer : B
Explanation
The currency of 10 & 50 rupees is issued by RBI.
Q 4 - Tiwari Committee is related to
B - Legislative measures and administrative machinery for ensuring environmental protection
Answer : B
Explanation
The committee was set up in 1980.
Q 5 - In reference to a senior citizen (age 80+) no income tax is levied on the earning of up to
Answer : D
Explanation
N/A
Q 6 - Who among the following is the ex-officio chairman of the Planning Commission?
Answer : C
Explanation
N/A
Q 7 - What is the limit of Foreign Direct Investment (FDI) in the sector of Pharmaceuticals (Green Field)?
Answer : A
Explanation
N/A
Q 8 - Consider the following statements:
1. Adam Smith is considered as the father of modern economics.
2. The book An Inquiry into the Nature and Causes of the Wealth of Nations is written by Adam Smith.
Choose the correct answer from the codes given below:
Answer : C
Explanation
The book was published in 1776.
Q 9 - Which among the following correctly defines the term price floor?
A - The minimum (legal) price of a product
B - Rules of government to that fixes price of handicraft products
Answer : A
Explanation
A price floor is a government-imposed fixed (minimum) price i.e. controlling or limiting - how low a price is charged for a particular product.
Q 10 - Consider the following statements:
1. Janani Suraksha Yojana was set up on 2005.
2. Janani Suraksha Yojana will cover the women above 19 years old and falling in the category of below poverty line.
Choose the correct answer from the codes given below:
Answer : C
Explanation
The objective of the Yojana is to reduce maternal and neo-natal mortality by promoting institutional delivery system (especially among the poor pregnant women).
Q 11 - D.R. Gadgil Committee is related to
B - Public Distribution System
Answer : D
Explanation
D. R. Gadgil, was an Indian economist and vice chairman of the Planning Commission of India.
Q 12 - Chelliah Committee is related to
Answer : B
Explanation
Chelliah Committee was constituted in 1991.
Q 13 - National Development Council is presided by
Answer : A
Explanation
N/A
Q 14 - Who among the following had suggested that the central bank should have a stable increase in money supply to cope with economic growth, and at the same time, to maintain a monetary policy so as to prevent inflation.
Answer : A
Explanation
Friedman received his Nobel Prize in 1976.
Q 15 - During which Five Year Plan, Integrated Rural Development Program (IRDP) was started?
Answer : A
Explanation
IRDP and MNP (Minimum Needs Program) were introduced during the Sixth Five Year Plan.
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.
Answer : A
Explanation
Ludhiana is one of the leading cycle manufacturing centers in India.
Q 18 - The National Fund for Rural Development (NFRD) was introduced in
Answer : C
Explanation
The objective of NFRD is to grant 100% tax rebate to donors and provide financial assistance for rural development projects.
Q 19 - The High Yielding Variety Program (HYV) was implemented in
Answer : B
Explanation
The objective HYV is to increase the productivity of food grains.
Answer : B
Explanation
Dr. M. S. Swami Nathan (in India) is the father of Green Revolution.