Indian Economy MCQ Practice Set – Series 9


11) ‘Apna Khet, Apna Kaam’, a new scheme under MNRGEA  has been initiated in which state?

a) Punjab

b) Rajasthan

c) Uttar Pradesh

d) Madhya Pradesh

View Answer
Option – b)


12) Who among the following is most benefitted from inflation?

(a) Government pensioners

(b) Creditors

(c) Savings Bank Account holders

(d) Debtors

View Answer
Option – d)


13) Which of the following mints undertakes refining of gold for licensed gold dealers and production of medals for defence services?

(a) The Hyderabad Mint

(b) The Mumbai Mint

(c) The Kolkata Mint

(d) None of the above

View Answer
Option – b)


14) Which of the following expenses do not require the sanction of Parliament?

I. Salary and allowances of the President and CAG

II. Debt charges of the Government

III. Defence expenditure

IV. Maintenance expenditure of embassies

(a) I, II, III, IV

(b) I, II, III

(c) I, II

(d) II, IV

View Answer
Option – c)


15) Which of the following would signify scarcity in economics?

(a) Production of 100 kg of a certain item instead of the targeted 150 kg

(b) Availability of 10 kg of rice against a demand for 15 kg

(c) Availability of post-graduates for jobs of typists

(d) Quantity supplied remains the same when price changes

View Answer
Option – b)


16) Dear Money Policy implies:

(a) high price level

(b) large money supply

(c) high production

(d) high interest rates

View Answer
Option – d)


17) Which of the following states ranks first in terms of the maximum number of agrobased industries?

(a) Gujarat

(b) Punjab

(c) West Bengal

(d) Kerala

View Answer
Option – b)


18) Voting rights in the IMF are distributed on the basis of:

(a) one country, one vote

(b) proportion to the share of the income of the country in the world income

(c) proportion to contributions given by each country

(d) proportion to quota alloted to countries from time to time

View Answer
Option – d)


19) The earlier name of the WTO was:

(a) UNIDO

(b) UNCTAD

(c) OECD

(d) GATT

View Answer
Option – d)


20) Which state produces maximum Soyabean?

(a) Madhya Pradesh

(b) Uttar Pradesh

(c) Bihar

(d) Rajasthan

View Answer
Option – a)