Indian Economy MCQ Practice Set – Series 6

Indian Economy MCQ Practice Set Questions Answers – Series 6

1)Which one of the following companies has started a rural marketing network called ‘e-chaupals’?

a) ITC

b) Dabur

c) Proctor and Gamble

d) Hindustan Lever

View Answer
Option – a)

2) ‘Eco Mark’ is given to the Indian products that are

a) pure and unadulterated

b) rich in proteins

c) environment friendly

d) economically viable

View Answer
Option – c)

3) 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)

4) Among the following, which one is not a credit rating agency operating in India?


(b) ICRA

(c) Dow Jones

(d) CARE

View Answer
Option – c)

5) NABARD was established on the recommendation of which of the following?

a) public Account Committee

b) Shivaraman Committee

c) Narsimham Committee

d) Tendulkar Committee

View Answer
Option – b)

6) Which of the following is not a part of machinery that settles industrial disputes?

a) Concialiation Officers

b) Board of Concialiation

c) Wage Courts

d) Works Committee

View Answer
Option – c)

7) A tax Which is paid by the person on whom the tax is incident is called a :

(a) local tax

(b) indirect tax

(c) direct tax

(d) rate

View Answer
Option – c)

8) Consider the following statements:

In India, stamp duties on financial transactions are:

1. levied and collected by the State Government

2. appropriated by the Union Government

Which of the statements is/are correct?

(a) Only 1

(b) Only 2

(c) Both 1 and 2

(d) Neither 1 nor 2

View Answer
Option – d)

9) What is the main source of revenue to meet different expenditures?

(a) Excise duties

(b) Customs duties

(c) Internal borrowings

(d) Income tax

View Answer
Option – c)

10) Which industry in India was worst affected because of the partition?

(a) Paper and Iron

(b) Jute and Cotton

(c) Cotton and Sugar

(d) Engineering and Cement

View Answer
Option – b)

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