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 6 of 8

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Q51.
How many banks were nationalized in 1969?

a.

16

b.

14

c.

15

d.

20

Discuss
Answer: (b).14
Q52.
In India, the first bank of limited liability manages by Indians and founded in 1881 was

a.

Hindustan Commercial Bank

b.

Oudh Commercial Bank

c.

Punjab National Bank

d.

Punjab and Sind Bank

Discuss
Answer: (b).Oudh Commercial Bank
Q53.
In India, inflation measured by the

a.

Wholesale Price Index number

b.

Consumers Price Index for urban non-manual workers

c.

Consumers Price Index for agricultural workers

d.

National Income Deflation

Discuss
Answer: (a).Wholesale Price Index number
Q54.
The annual yield from which of the following Union Government taxes is the highest?

a.

Custom duties

b.

Corporation tax and income tax

c.

Inheritance tax, wealth tax, interest tax and gift tax

d.

Excise duties

Discuss
Answer: (d).Excise duties
Q55.
The average rate of domestic savings (gross) for the Indian economy is currently estimated to be in the range of

a.

15 to 20 percent

b.

20 to 25 percent

c.

25 to 30 percent

d.

30 to 35 percent

Discuss
Answer: (b).20 to 25 percent
Q56.
Subsidies mean

a.

payment by government for purchase of goods and services

b.

payment made by business enterprises to factors of production

c.

payment made by companies to shareholders

d.

payment made by the government to business enterprises, without buying any goods and services

Discuss
Answer: (d).payment made by the government to business enterprises, without buying any goods and services
Q57.
National expenditure includes

a.

consumption expenditure

b.

investment expenditure

c.

government expenditure

d.

All of the above

Discuss
Answer: (d).All of the above
Q58.
Resurgent India Bonds were issued in US dollar, Pound Sterling and

a.

Japanese Yen

b.

Deutsche Mark

c.

Euro

d.

French Franc

Discuss
Answer: (b).Deutsche Mark
Q59.
The apex body for formulating plans and coordinating research work in agriculture and allied fields is

a.

State Trading Corporation

b.

Regional Rural Banks

c.

National Bank for Agriculture and Rural Development (NABARD)

d.

Indian Council of Agricultural Research

Discuss
Answer: (d).Indian Council of Agricultural Research
Q60.
Which of the following is not an undertaking under the administrative control of Ministry of Railways?

a.

Container Corporation of India Limited

b.

Konkan Railway Corporation Limited

c.

Indian Railways Construction Company Limited

d.

Diesel Locomotive Works, Varanasi

Discuss
Answer: (c).Indian Railways Construction Company Limited
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