Indian Economy MCQs

Indian Economy Multiple Choice Questions (MCQs) for State and UPSC Civil Services Examinations. Objective Questions on Indian Economy for competitive examinations.

1. Which of the following is/are Money Market Instruments?

[A] Treasury Bills
[B] Commercial Papers
[C] Certificate of Deposits
[D] All of the above

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2. Which of the following industries is the not covered in the Index of Eight Core Industries?

[A] Electricity
[B] Crude Oil
[C] Natural Gas
[D] Pharmaceutical

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3. From July 1, 2017, the nationwide GST (Goods & Services Tax) has been rolled out in India, making the country a single market. What is the current size of Indian economy?

[A] USD 1 Trillion
[B] USD 2 Trillion
[C] USD 3 Trillion
[D] USD 4 Trillion

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4. A persistent fall in the general price level of goods and services is known as __:

[A] Deflation
[B] Disinflation
[C] Stagflation
[D] Depression

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5. Agricultural Income Tax revenue goes to which of the following governments in India?

[A] State Governments
[B] Central Government
[C] Collected by State Governments , delivered to Central Government
[D] Collected by Central Government, delivered to State Governments

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6. Planning Commission of India was established by which among the following means?

[A] Act of Parliament
[B] Presidential Order
[C] Presidential Ordinance
[D] Cabinet Resolution

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7. Universalization of Secondary Education was an aim of which among the following five year plans?

[A] 9th
[B] 10th
[C] 11th
[D] 12th

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8. Birth rate is number of births per ………….of the population during one year.

[A] 100
[B] 1000
[C] 10000
[D] 100000

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9. Who among the following Indian Economists have played a crucial role in the MNREGA formerly NREGA?

[A] Amartya Sen
[B] Jean Dreze
[C] Jagdish Natwarlal Bhagwati
[D] Dr. Vijay Kelkar

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10. Which among the following sentences is / are correct ?

[A] The Union Levies, collects and distributes the proceeds of income tax between itself and states
[B] The Union Levies, collects and distributes the proceeds of income tax between states
[C] The Union Levies, collects and keeps the proceeds of income tax
[D] The Union Levies, collects and distributes the proceeds of income tax & Surcharge and only surcharge is distributed among states

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