Indian Economy MCQs

Indian Economy Multiple Choice Questions (MCQs) for SSC, State and all One Day Examinations of India. Objective Questions on Indian Economy for competitive examinations.

1. What was the period of India’s First Five Year Plan?
[A] 1951-56
[B] 1961-66
[C] 1969-1974
[D] 1979-1984

Show Answer

2. What is the main motive of the government behind having a dual price system & setting up of fair price shops?
[A] To demote speculation and hoarding
[B] To incentivise the trading of essential commodities
[C] To eliminate the monopoly of the traders and speculators
[D] To make the essential commodities available to the weaker sections of the society

Show Answer

3. Which among the following is considered as an important power of World Bank?
[A] World Bank has right to insist on pegged parities
[B] World Bank has right to float Bonds and use the proceeds for loans
[C] World Bank has right to buy gold below current Gold prices
[D] All are correct

Show Answer

4. Euribor is a term associated with which of the following?
[A] An International Financial Company
[B] An association of European Financial Service providers
[C] A reference rate for Euro Money Market
[D] A credit rating agency of Europe

Show Answer

5. Who among the following works as head of the “Board for Financial Supervision” in India?
[A] Finance Minister
[B] RBI Governor
[C] Minister of State for Finance
[D] Independent head appointed by President

Show Answer

6. Consider the following: 

  1. Rice
  2. Wheat 
  3. Coarse cereals 
  4. Pulses 

Which among the following correctly represents Total Food Grains?

[A] 1 +2
[B] 1 + 2 + 3
[C] 1+2+4
[D] 1+2+3+4

Show Answer

7. Which among the following Indian states is the leading producer of raw silk?
[A] Bihar
[B] West Bengal
[C] Assam
[D] Karnataka

Show Answer

8. KYC guidelines have been issued under which section of Banking Regulation ACT 1949?
[A] Section 35 A
[B] Section 45
[C] SECTION 36 A
[D] Section 123 B

Show Answer

9. Which of the following industries is the major beneficiary of the Mumbai port ?
[A] Sugar and Cotton textile industry
[B] Cotton textile and Petrochemical industry
[C] Iron and Steel industry
[D] Engineering and Fertilizer industry

Show Answer

10. MIG aircraft engines are assembled in which of the following cities?
[A] Koraput
[B] Ozar
[C] Bangaluru
[D] Nasik

Show Answer