Indian Economy MCQ Questions Answers Practice Set – Series 2
1)In which year the Indian rupee was devalued two times within a month?
a) 1990
b) 1991
c) 1994
d) 1999
2)Which one of the following is a private bank?
a) Allahabad Bank
b) Punjab and Sind Bank
c) Punjab National Bank
d) Punjab Bank
3) The EXIM Bank of India was established in:
a) 1964
b) 1976
c) 1980
d) 1982
4) India has:
(a) Socialistic economy
(b) Gandhian economy
(c) Mixed economy
(d) Free economy
5) A rolling plan was a plan for:
(a) one year
(b) three years
(c) five years
(d) year to year basis
6) How many languages are used on a ten rupee note?
(a) 2
(b) 7
(c) 10
(d) 15
7) MODVAT is related to:
a) Sales Tax
b) Wealth Tax
c) Income Tax
d) Excise Duty
8)Under Gadgil-Mukherjee formula the higher weithage is given to:
a)Performance
b) Per Capita Income
c) Population
d) Special Problems
9) Word Bull and Big are associated with which branch of commercial activity?
(a) Foreign Trade
(b) Banking
(c) Share Market
(d) Manufacturing
10) The national income of India is estimated mainly through:
(a) production method alone
(b) expenditure method alone
(c) production and expenditure methods
(d) production and income methods