Indian Economy MCQs

Welcome to our comprehensive collection of Multiple Choice Questions (MCQs) on Indian Economy, a fundamental topic in the field of General Knowledge. Whether you're preparing for competitive exams, honing your problem-solving skills, or simply looking to enhance your abilities in this field, our Indian Economy MCQs are designed to help you grasp the core concepts and excel in solving problems.

In this section, you'll find a wide range of Indian Economy mcq questions that explore various aspects of Indian Economy problems. Each MCQ is crafted to challenge your understanding of Indian Economy principles, enabling you to refine your problem-solving techniques. Whether you're a student aiming to ace General Knowledge tests, a job seeker preparing for interviews, or someone simply interested in sharpening their skills, our Indian Economy MCQs are your pathway to success in mastering this essential General Knowledge topic.

Note: Each of the following question comes with multiple answer choices. Select the most appropriate option and test your understanding of Indian Economy. You can click on an option to test your knowledge before viewing the solution for a MCQ. Happy learning!

So, are you ready to put your Indian Economy knowledge to the test? Let's get started with our carefully curated MCQs!

Indian Economy MCQs | Page 1 of 8

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Q1.
The central banking functions in India are performed by the

I. Central Bank of India
II. Reserve Bank of India
III. State Bank of India
IV. Punjab National Bank
Discuss
Answer: (b).II
Q2.
Development expenditure of the Central government does not include
Discuss
Answer: (a).defence expenditure
Discuss
Answer: (d).financial institution
Discuss
Answer: (b).market of government securities
Q5.
In the last one decade, which one among the following sectors has attracted the highest foreign direct investment inflows into India?
Discuss
Answer: (d).Telecommunication
Discuss
Answer: (a).reduction in the value of a currency vis-a-vis major internationally traded currencies
Q7.
In the second nationalization of commercial banks, ___ banks were nationalized.

a.

4

b.

5

c.

6

d.

8

Discuss
Answer: (c).6
Q8.
Since independence, both development and non-development expenditures have increased; the increase in the former being a little more than in the other. Non-development expenditure involves
I. interest payments
II. subsidies
III. defence
IV. irrigation
Discuss
Answer: (c).I, II, III
Discuss
Answer: (c).loss of equipment over time due to wear and tear
Discuss
Answer: (d).All of the above
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