Indian Economy MCQ Practice Set – Series 8

Indian Economy MCQ Practice Set Questions Answers – Series 8


1) The percentage of urban population India according to Census 2001, is:

a) 20.8

b) 25.7

c) 27.3

d) 27.8

View Answer
Option – d)


2) Which one of the following States of India has a million city as per 2001 Census report?

a) Assam

b)Jharkhand

c) Chhattisgarh

d) Orissa

View Answer
Option – b)


3)  Which one of the following Five Years Plans of India had growth with social justice and equality for achieving its goal as the main focus?

a) VI

b) VII

c) VIII

d) IX

View Answer
Option – d)


4) National income is based on the:

a) total revenue of the State

b) production of goods and services

c) net profit earned and expenditure made by the State

d) the sum of all factions of income

View Answer
Option – b)


5)  Self-reliance in the economic context implies that a country:

1. meets its demands for all goods and services from its domestic production

2. exports some of its goods but does not need to import anything

3. has sufficient foreign exchange reserves to buy all its needs

4. meets its demand for certain vital goods and services from its domestic production

(a) 1 and 3

(b) 2 and 4

(c) 1, 2 and 3

(d) 3 and 4

View Answer
Option – d)


6) ‘Globalization of Indian Economy’ means:

(a) stepping up external borrowings

(b) establishing Indian business units abroad

(c) having minimum possible restrictions on economic relations with other countries

(d) giving up programs of import substitution

View Answer
Option – c)


7) Disguised unemployment in India is mainly related to :

1. agricultural sector

2. rural area

3. factory sector

4. urban area

(a) 1 and 2

(b) 1 and 3

(c) 2 and 4

(d) 3 and 4

View Answer
Option – a)


8) Among the following who are eligible to benefit from the “Mahatma Gandhi National Rural Employment Guarantee Act” ?

(a) Adult members of only the scheduled Caste and scheduled tribe households

(b) Adult members of below poverty line (BPL) households

(c) Adult members of households of all backward communities

(d) Adult members of any household

View Answer
Option – d)


9) For which one of the following purposes, the Government has launched the Rajiv Awas Yojana?

a) To provide affordable houses to people living BPL To provide 

b)affordable houses to rural poor

c) To provide affordable houses to minorities

d) To provide affordable houses to slum dwellers and the urban poor

View Answer
Option – d)


10) Which of the following prints currency notes of the denomination of Rs. 100

(a) The Bank Note Press, Dewas

(b) The Indian Security Press, Nasik Road

(c) The Security Printing Press, Hyderabad

(d) All of the above

View Answer
Option – a)

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