- Indian Economy Tutorial
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- Indian Economy - Introduction
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- Indian Economy - Money & Banking
- Economy - Government Budget
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- Indian Economy - Reforms
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- Indian Economy - Micro Economics
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- Economy - Sustainable Development
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- 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 - Which one of the Five Year Plans is also known as ‘Gadgil Yojana?’
Answer : C
Explanation
N/A
Q 2 - What is the limit of Foreign Direct Investment (FDI) in the sector of “Private Security Agencies?”
Answer : B
Explanation
N/A
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 - 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:
Answer : C
Explanation
N/A
Q 5 - G. Sundaram Committee is related to …
Answer : C
Explanation
N/A
Q 6 - Khanna Committee is related to …
Answer : D
Explanation
The committee was set up under the chairmanship of Justice H.R. Khanna in 1998.
Q 7 - Kamath Committee is related to …
B - Financial Architecture of MSME sector
Answer : B
Explanation
MSME stands for Micro, Small and Medium Enterprises.
Q 8 - Consider the following statements:
1. Game Theory is used in modeling competing behaviors of interacting agents.
2. The term "game," used in game theory, entails the study of any strategic interaction between people.
Choose the correct answer from the codes given below:
Answer : C
Explanation
N/A
Q 9 - What is the limit of Foreign Direct Investment (FDI) in the sector of “Atomic Energy (in India)?”
Answer : D
Explanation
No FDI is allowed.
Q 10 - Which among the following provides loan for the reconstruction and development?
Answer : D
Explanation
IBRD stands for International Bank for Reconstruction and Development; it is an international financial institution.
Q 11 - What is the limit of Foreign Direct Investment (FDI) in the sector of “Real Estate Business or Construction of Farm Houses (in India)?”
Answer : D
Explanation
No FDI is allowed.
Q 12 - Chelliah Committee is related to …
Answer : B
Explanation
Chelliah Committee was constituted in 1991.
Q 13 - Consider the following statements:
1. Buyback of shares is the process of corporations to repurchase of stock that they have issued.
2. Buyback of shares is a process to reduce the number of shareholders to improve the valuation per share.
Choose the correct answer from the codes given below:
Answer : C
Explanation
N/A
Q 14 - A supply curve defines …
A - The relationship between the price of goods and the quantity that supplied
B - Only the supplied different goods
Answer : A
Explanation
Supply Curve is a graph that defines basically the relationship between the price of goods and the quantity of goods that supplied.
Q 15 - Consider the following statements:
1. Marginal Standing Facility rate is the rate at which banks borrow funds overnight from the RBI against approved government securities.
2. Marginal Standing Facility is 1 percent more than the Repo Rate.
Choose the correct answer from the codes given below:
Answer : C
Explanation
N/A
Q 16 - The ‘Growth with Social Justice and Equity’ was the objective of ……… Five Year Plan.
Answer : A
Explanation
The objectives were to increase the employment and eradication of poverty.
Answer : C
Explanation
The objective of JRY is to provide employment to rural unemployed.
Q 18 - Tiruchirapalli is known for …
Answer : D
Explanation
Tiruchirapalli is located in Tamil Nadu
Q 19 - Consider the following statements:
1. Under Article 280 of the Indian Constitution, Finance Commission was set by the President of India.
2. By the time, 16th Finance Commissions have been set up.
Choose the correct answer from the codes given below:
Answer : A
Explanation
By the time, 14th Finance Commissions have been set up.
Q 20 - The Securities and Exchange Board of India (SEBI) was introduced in …
Answer : D
Explanation
The objective of SEBI is to safeguard the interests of investors.
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