Indian Economy MCQ Practice Set – Series 4

Indian Economy MCQ Practice Set Questions Answers – Series 4

1)The decadal growth in the population of Indian during 1991-2001 is closed to:

a) 13%

b) 17%

c) 21%

d) 25%

View Answer
Option – c)

2) The least populated State in India is:

a) Goa

b) Sikkim

c) Manipur

d) None of these

View Answer
Option – b)

3)The main source of National Income in India is:

a) Service Sector

b) Agriculture

c) Industrial Sector

d) Trade Sector

View Answer
Option – a)

4) India’s wage policy is based on :

(a) cost of living

(b) standard of living

(c) productivity

(d) None of the above

View Answer
Option – a)

5) The highest denomination of currency notes in circulation as legal tender in India is at present:

(a) Rs. 50

(b) Rs.100

(c) Rs. 500

(d) Rs.1000

View Answer
Option – d)

6) Who wrote a book describing the theory of economic drain of India during British rule?

a) Late Lajpat Rai

b) Mahatma Gandhi

c) Jawahar Lal Nehru

d) Dadabhai Naoroji

View Answer
Option – d)

7) All of the following are subsidiaries of the State Bank of India, except:

(a) State Bank of Bikaner and Jaipur

(b) Central Bank of India

(c) State Bank of Hyderabad

(d) State Bank of Patiala

View Answer
Option – b)

8) What is the animal on the insignia of the RBI ?

(a) Lion

(b) Tiger

(c) Panther

(d) Elephant

View Answer
Option – c)

9) The existence of a Parallel Economy or Black Money:

(a) makes the economy more competitive

(b) makes the monetary policies less effective

(c) ensures a better distribution of income and wealth

(d) ensures increasing productive investment

View Answer
Option – b)

10) The 2011 Census could be the:

a) 13th Census

b) 14th Census

c) 15th Census

d) 16th Census

View Answer
Option – c)

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