Indian Economy MCQ Practice Set – Series 2

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

View Answer
Option – b)

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

View Answer
Option – d)

3) The EXIM Bank of India was established in:

a) 1964

b) 1976

c) 1980

d) 1982

View Answer
Option – d)

4) India has:

(a) Socialistic economy

(b) Gandhian economy

(c) Mixed economy

(d) Free economy

View Answer
Option – c)

5) A rolling plan was a plan for:

(a) one year

(b) three years

(c) five years

(d) year to year basis

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Option – a)

6) How many languages are used on a ten rupee note?

(a) 2

(b) 7

(c) 10

(d) 15

View Answer
Option – d)

7) MODVAT is related to:

a) Sales Tax

b) Wealth Tax

c) Income Tax

d) Excise Duty

View Answer
Option – d)

8)Under Gadgil-Mukherjee formula the higher weithage is given to:


b) Per Capita Income

c) Population

d) Special Problems

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Option – c)

9) Word Bull and Big are associated with which branch of commercial activity?

(a) Foreign Trade

(b) Banking

(c) Share Market

(d) Manufacturing

View Answer
Option – c)

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

View Answer
Option – d)