Quiz 75 : Indian Economy Questions for All Examinations

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1. In which among the following years, a new “Liberalized Industrial Policy” in India was announced for the first time?

[A] 1986
[B] 1991
[C] 1992
[D] 1993

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2. In which among the following years, the MRTP act became effective?

[A] 1970
[B] 1972
[C] 1975
[D] 1978

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3. In the Industrial Policy of 1991, how many industries were reserved only for Public Sector?

[A] 7
[B] 8
[C] 11
[D] 13

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4. In an oligopolistic or monopolistically competitive market, firms do not raise their prices because even a small price increase will lose many customers. Which among the following is the most suitable terms used for this concept ?

[A] Supracompetitive pricing
[B] Swing Demand
[C] Kinked Demand
[D] Imperfect competition

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5. Which among the following was NOT a reason behind India’s poverty as pointed out by Dadabhai Naoroji in his famous work “Poverty and Un-British Rule in India” ?

[A] Expenditure of the European Officials in England
[B] Money sent by the British professionals to England
[C] India’s Population growth
[D] Bringing of British Capital in India

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6. Which among the following was the first deepwater block in India to start production?

[A] Krishna Godavari D-6
[B] Mahanadi deepwater block NEC-DWN-2002/1
[C] SB-11
[D] KG-DWN- 2005/2

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7. Which among the following represents a decrease in the Owner’s equity?

[A] Issue of Bonus Shares
[B] Redemption of the Debentures
[C] Redemption of the Preference Shares
[D] Purchase of the Building

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8. Which among the following will be a debit entry in India’s balance of payments?

[A] Imports of goods by India
[B] Income of Indian investments abroad
[C] Receipts of transfer payments
[D] Exports of services by India

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9. Yashaswini rural healthcare scheme is being implemented in which among the following states of India?

[A] Andhra Pradesh
[B] Karnataka
[C] Tamil nadu
[D] kerala

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10. Which among the following states of India is running the Dhanwantari Yojana in the healthcare sector?

[A] Punjab
[B] Haryana
[C] Madhya Pradesh
[D] Rajasthan

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  • Anonymous

    wheat price for Antyodaya Anna Yojana @ Rs.2/- per Kg for wheat and Rs. 3/- per Kg for rice.

  • Anonymous

    Antyodaya Anna Yojna (AAY)
    Under this scheme, foodgrains (wheat and rice) at the rate of 35 kg per
    family every month at subsidised rate (wheat @ Rs. 2.00 per kg and rice
    @Rs 3.00 per kg) are distributed to the selected families.

  • TRomesh

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  • ashwanilamba

    TRomeshkumar we are talking about mutual trade. with US, India has a big trade deficit

  • Manish Kumar Singh

    Can anyone define the fiscal deficit and budget deficit?

  • navneet

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