Indian Economy MCQ Practice Set Questions Answers – Series 4
1)The decadal growth in the population of Indian during 1991-2001 is closed to:
a) 13%
b) 17%
c) 21%
d) 25%
2) The least populated State in India is:
a) Goa
b) Sikkim
c) Manipur
d) None of these
3)The main source of National Income in India is:
a) Service Sector
b) Agriculture
c) Industrial Sector
d) Trade Sector
4) India’s wage policy is based on :
(a) cost of living
(b) standard of living
(c) productivity
(d) None of the above
5) The highest denomination of currency notes in circulation as legal tender in India is at present:
(a) Rs. 50
(b) Rs.100
(c) Rs. 500
(d) Rs.1000
6) Who wrote a book describing the theory of economic drain of India during British rule?
a) Late Lajpat Rai
b) Mahatma Gandhi
c) Jawahar Lal Nehru
d) Dadabhai Naoroji
7) All of the following are subsidiaries of the State Bank of India, except:
(a) State Bank of Bikaner and Jaipur
(b) Central Bank of India
(c) State Bank of Hyderabad
(d) State Bank of Patiala
8) What is the animal on the insignia of the RBI ?
(a) Lion
(b) Tiger
(c) Panther
(d) Elephant
9) The existence of a Parallel Economy or Black Money:
(a) makes the economy more competitive
(b) makes the monetary policies less effective
(c) ensures a better distribution of income and wealth
(d) ensures increasing productive investment
10) The 2011 Census could be the:
a) 13th Census
b) 14th Census
c) 15th Census
d) 16th Census