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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 - Which one of the Five Year Plans is also known as Gadgil Yojana?
Answer : C
Explanation
N/A
Q 2 - Yezdi Hirji Malegam Committee is related to
Answer : C
Explanation
Yezdi Hirji Malegam was a chartered accountant.
Q 3 - Consider the following statements:
1. Marshal has given the concept of the interaction of demand & supply.
2. According to Marshal, economics was not a body of truth but "an engine to discover the truth."
Choose the correct answer from the codes given below:
Answer : C
Explanation
Marshal also has refined the concept of elasticity.
Q 4 - Consider the following statements:
1. The great businessman and economist David Ricardo was born in London, UK.
2. Ricardo has given the theory of rent and diminishing returns.
Choose the correct answer from the codes given below:
Answer : C
Explanation
Born in 1772, Ricardo was not much educated.
Q 5 - Consider the following statements:
1. The type of economic system in which there is least interference by the government, is known as Laissez-faire.
2. Laissez-faire has German origination.
Choose the correct answer from the codes given below:
Answer : A
Explanation
Laissez-faire has French origination.
Q 6 - What is the limit of Foreign Direct Investment (FDI) in the sector of Power Exchanges?
Answer : C
Explanation
N/A
Q 7 - Which among the following correctly defines the term Disinvestment?
Answer : D
Explanation
Disinvestment typically means selling of government-owned enterprise.
Q 8 - Which among the following correctively defines the term entrepreneurship?
A - Ability to recognize opportunity
B - High will power to accept the risk
Answer : D
Explanation
Entrepreneurship means taking the financial risks in the hope of future profit.
Q 9 - Godwala Committee is related to
Answer : B
Explanation
N/A
Q 10 - Chakravarty Committee is related to
Answer : C
Explanation
Chakravarty Committee was formed in 1985 to review Indian monetary system under the chairmanship of Prof. Sukhamoy Chakroborty.
Q 11 - In reference to ease of doing business in India, which among the following states did not include in the top ten list prepared by World Bank?
Answer : D
Explanation
N/A
Q 12 - K. N. Raj Committee is related to
A - Establishment of a new stock exchange
B - Improvement of transaction methods of public sector bonds and mutual funds
Answer : D
Explanation
K. N. Raj was a veteran economist in the Indian Planning Commission.
Q 13 - Janakiraman Committee is related to
Answer : C
Explanation
N/A
Q 14 - Hindustan Organic Chemicals Ltd. is located in
Answer : A
Explanation
N/A
Q 15 - Consider the following statements:
1. SEBI was established in the year 1988.
1. SEBI was established in the year 1988.
Choose the correct answer from the codes given below:
Answer : C
Explanation
SEBI stands for Securities and Exchange Board of India.
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.
Q 17 - Consider the following statements:
1. The PURA model emphasizes on the enlargement of employment as the sole objective to make use of rural manpower in various development activities.
2. The meaning of PURA is Providing Urban Amenities in Rural Areas.
Choose the correct answer from the codes given below:
Answer : C
Explanation
The objective of PURA is to incur economic development without population transfer.
Q 18 - The Intensive Agriculture Development Program (IADP) was implemented in
Answer : B
Explanation
The object of IADP is to provide loan, seeds, fertilizer, tools, etc. to the farmers.
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.
Q 20 - Consider the following statements:
1. An oligopoly is a sort of market in which a market is dominated by a small number of sellers.
2. In an oligopoly market, each company scrambles to come out with latest and greatest products or services in order to sway consumers to go with their company over a different one.
Choose the correct answer from the codes given below:
Answer : C
Explanation
N/A