Objective Questions on Indian Economy

Questions related to Indian Economics are always asked in every competitive examinations conducted by SSC CGL, UPSC, PSC, LIC, GIC, Railways, IBPS, etc. The main objective of these questions is to test the candidate's knowledge in the subject Economics, specially Indian Economics. For this purpose we have provided more than 100 objective questions on Indian Economy with answers for the candidates to enhance their knowledge in this area. All these questions had already been asked in various competitive examinations such as SSC CGL, SSC CHSL, SSC TAX ASSISTANT, UPSC, BANK CLERK, BANK PO, CDS, NDA, CPO, PSC, LIC, GIC, RAILWAYS, etc.

1 The 'Year of Great Divide' refers to:

A) rapid growth rate in population after 1921 B) the declining sex ratio after 1921 C) the slow-down in death rate after 1921 D) All of these Answer is required

2 Absolute Poverty means:

A) poverty in terms of absolute number of people B) poverty in terms of the basic minimum calorie requirements C) poverty in terms of the prevailing price level D) poverty in terms of the absolute level of unemployment Answer is required

3 Devaluation of currency by a country is meant to lead to : (1) expansion of import trade, (2) promotion of import substitution, (3) expansion of export trade.

A) 1 only B) 2 and 3 C) 1 and 2 D) 1 and 4 Answer is required

4 Globalisation 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 programmes of import substitution Answer is required

5 Amongst the currency quotes USD/JPY, USD/Euro and USD/CAD, which one of the following is referred as the base currency for quotes?

A) US $ B) JPY C) Euro D) CAD Answer is required

6 Unemployment in a developing country generally takes place due to :

A) switch over from one job to another B) lack of effective demand C) seasonal factors D) lack of complementary factors of production Answer is required

7 Regional rural banks: 1. have limited area of operation, 2. have free access to liberal refinance facilities from NABARD, 3. are required to lend only to weaker sections.

A) 1 and 3 B) 2 and 3 C) 1, 2 and 3 D) 1 and 2 Answer is required

8 Which Five-Year Plan was terminated before the completion of its period?

A) Fifth B) Sixth C) Seventh D) Eight Answer is required

9 Poverty Line means?

A) The line of demarcation between the rich and poor B) The stage at which there is a leveling down between the rich and the poor C) The lowest level in the ladder of economic prosperity D) The minimum level of per capita consumption expenditure Answer is required

10 Which bank is limited to the needs of agriculture and rural finance?

A) RBI B) SBI C) IFC D) NABARD Answer is required

QUIZ ON INDIAN ECONOMICS (OBJECTIVE QUESTIONS)

Take 10 Questions Online Quiz (objective questions) on Indian Economy below:

1 The 'Year of Great Divide' refers to:

2 Absolute Poverty means:

3 Devaluation of currency by a country is meant to lead to : (1) expansion of import trade, (2) promotion of import substitution, (3) expansion of export trade.

4 Globalisation of Indian Economy means:

5 Amongst the currency quotes USD/JPY, USD/Euro and USD/CAD, which one of the following is referred as the base currency for quotes?

6 Unemployment in a developing country generally takes place due to :

7 Regional rural banks: 1. have limited area of operation, 2. have free access to liberal refinance facilities from NABARD, 3. are required to lend only to weaker sections.

8 Which Five-Year Plan was terminated before the completion of its period?

9 Poverty Line means?

10 Which bank is limited to the needs of agriculture and rural finance?

Economics Quiz Set - 1 to 50

QUIZ ON INDIAN ECONOMICS (OBJECTIVE QUESTIONS)

Take 10 Questions Online Quiz (objective questions) on Indian Economy below:

1 The 'Year of Great Divide' refers to:

2 Absolute Poverty means:

3 Devaluation of currency by a country is meant to lead to : (1) expansion of import trade, (2) promotion of import substitution, (3) expansion of export trade.

4 Globalisation of Indian Economy means:

5 Amongst the currency quotes USD/JPY, USD/Euro and USD/CAD, which one of the following is referred as the base currency for quotes?

6 Unemployment in a developing country generally takes place due to :

7 Regional rural banks: 1. have limited area of operation, 2. have free access to liberal refinance facilities from NABARD, 3. are required to lend only to weaker sections.

8 Which Five-Year Plan was terminated before the completion of its period?

9 Poverty Line means?

10 Which bank is limited to the needs of agriculture and rural finance?

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Economics Quiz Set - 1 to 50