Indian Economy MCQ Practice Set – Series 2

11) Who propounded the ‘market law’?

a) Adam Smith

b) J.B.Say

c) T.R.Malthus

d) John Maynard Ricardo

View Answer
Option – b)


12) The relationship between the value of money and the price level in an economy is:

a) Direct

b) Inverse

c) Proportional

d) Stable

View Answer
Option – b)


13) When was the first Regional Rural Bank formed ?

a) 1974

b) 1975

c) 1976

d) 1977

View Answer
Option – b)


14) Black money is :

(a) counterfeit currency

(b) illegally earned money

(c) money earned through underhand deals

(d) income on which payment of tax is usually evaded

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Option – d)


15) What are gilt-edged securities?

(a) Securities issued by the multinationals

(b) Securities issued by the government

(c) Securities issued by the private sectors

(d) Securities issued by the joint venture companies

View Answer
Option – b)


16) In which of the following industries is the maximum number of women employed in

India?

(a) Textile

(b) Jute

(c) Tea

(d) Coal

View Answer
Option – c)


17) The recommendations of the Kelkar Task Force relate to:

a) Trade

b) Banking

c) Foreign Investment

d) Taxes

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Option – d)


18) Economic Planning is in:

a) Union List

b) State List

c) Concurrent List

d) Not any Specific List

View Answer
Option – c)


19) The International Development Association, a lending agency, is administered by the

(a) International Bank for Reconstruction and Development

(b) International Fund for Agricultural Development

(c) United Nations Development Programme

(d) United Nations Industrial Development Organization

View Answer
Option – a)


20) Highest milk producer in India is :

(a) U.P.

(b) Gujarat

(c) Punjab

(d) Haryana

View Answer
Option – a)

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