Indian Economy Online Quiz


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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 - Consider the following statements:

1. Supply and demand is an economic model of price determination.

2. The technique of supply and demand is used in a perfectly competitive 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 2 - Swachh Bharat Abhiyan, launched by Narendra Modi Government, was implemented in …

A - 2015

B - 2016

C - 2014

D - Will be launched in 2017

Answer : C

Explanation

Launched on 2nd October 2014, the objective of Swachh Bharat Abhiyan is to clean India by 2nd October 2019.

Q 3 - Consider the following statements:

1. The banks, which are incorporated in the second schedule of the Indian Constitution, is known as schedule bank.

2. The schedule banks have a paid-up capital and reserves of an aggregate value and follow the RBI rules.

Choose the correct answer from the codes given below:

A - Only 1

B - Only 2

C - Both

D - Neither 1 nor 2

Answer : B

Explanation

The banks, which are incorporated in the second schedule of the RBI Act, 1934, is known as schedule bank.

Q 4 - The headquarters of Unit Trust of India is located in …

A - New Delhi

B - Mumbai

C - Chennai

D - Kolkata

Answer : B

Explanation

It was instituted in 1964.

Answer : A

Explanation

N/A

Answer : D

Explanation

N/A

Answer : C

Explanation

The Report of the Hathi Committee was published in 1975.

Q 9 - Which among the following correctly defines the term ‘Green Shoots?’

A - Green stems of trees

B - Planting lots greeneries in the city

C - Huge economic benefits

D - Rejuvenation of economy

Answer : D

Explanation

Green shoots basically means revival of the economy.

Q 10 - Which among the following correctly defines the term ‘debt trap?’

A - Difficult to repay loan

B - Taking too much loan and not repaying

C - Not paying debt regularly

D - A & B

Answer : A

Explanation

Because of having very high interest payment, it is difficult to repay principal amount.

Q 11 - Consider the following statements:

1. Lorenz curve is a graph on which, the cumulative percentage of total national income is illustrated.

2. The concept was given by Max O. Lorenz in 1905 to represent inequality of the wealth distribution.

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 12 - MDAX Share Price Index belongs to …

A - Brazil

B - Mexico

C - Germany

D - Italy

Answer : C

Explanation

MDAX Share Price Index is the stock exchange of Germany.

Answer : B

Explanation

N/A

Q 14 - The Rolling Plan was implemented in ……………….

A - 1976-77

B - 1978-79

C - 1980-81

D - 1984-85

Answer : B

Explanation

Rolling Plan was the idea of Janta Government.

Q 15 - Which among the following is the best example of joint supply?

A - Wool and cotton

B - Cow and milk

C - Car and petrol

D - Tractor and diesel

Answer : B

Explanation

Joint supply means a product or process that can yield two or more outputs simultaneously.

Q 16 - The Twenty Point Program (TPP) was implemented in …

A - 1952

B - 1963

C - 1974

D - 1975

Answer : A

Explanation

The objective of TPP was to reduce the poverty level and raise the standard of living.

Answer : A

Explanation

The cost that added by producing one additional unit of a product or service.

Q 18 - The headquarters of Spices Board is located in …

A - Bengaluru

B - Kottayam

C - Kolkata

D - Kochi

Answer : C

Explanation

It is established under the Spices Act, 1986.

Q 19 - What is the limit of Foreign Direct Investment (FDI) in the sector of “Civil Aviation?”

A - 100%

B - 51%

C - 49%

D - 26%

Answer : A

Explanation

N/A

Q 20 - The Self Employment Program for the Urban Poor (SEPUP) was introduced in …

A - 1993

B - 1997

C - 1984

D - 1986

Answer : D

Explanation

The objective of is to provide self-employment to urban poor.


indian_economy_online_quiz.htm

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