Indian Economy MCQs

Indian Economy Multiple Choice Questions (MCQs) for State and UPSC Civil Services Examinations. Objective Questions on Indian Economy for competitive examinations.

1. Which of the following is not a correct statement with respect to Masala Bonds? 
[A] They allow Indian companies to raise overseas debts in Indian currency
[B] Interest Payment on Masala Bonds is in Indian Rupee
[C] Most popular market for Masala Bonds is New York currently
[D] All of the above are correct statements

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2. Shankar-6 or Sankar-6 is a variety of which of the following commodities?
[A] Mustard
[B] Cotton
[C] Groundnut
[D] Soyabean

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3. Export of which of the following is an Invisible Export?
[A] Services
[B] Prohibited goods
[C] Unrecorded goods
[D] Goods through smuggling

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4. Which of the following statements is correct about the chairperson of Monetary Policy Committee (MPC)?
[A] The chairperson of the committee is appointed by the RBI Governor
[B] RBI Governor is the ex officio Chairperson of the committee
[C] Finance Minister is the ex-officio chairperson of the committee
[D] The Chairperson of the committee is appointed by the Finance Minister

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5. Which of the following industries is the not covered in the Index of Eight Core Industries?
[A] Electricity
[B] Crude Oil
[C] Natural Gas
[D] Pharmaceutical

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6. From July 1, 2017, the nationwide GST (Goods & Services Tax) has been rolled out in India, making the country a single market. What is the current size of Indian economy?
[A] USD 1 Trillion
[B] USD 2 Trillion
[C] USD 3 Trillion
[D] USD 4 Trillion

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7. Which of the following crop types are affected generally positively by western disturbances in India?
[A] Rabi Crop
[B] Kharif Crop
[C] Zaid Crop
[D] None of them

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8. In which among the following years, Essentials Commodities act enacted?
[A] 1955
[B] 1958
[C] 1961
[D] 1975

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9. The “Mid Day Meal Scheme” is a scheme for school children lunch, being implemented by which among the following ministries/ departments?
[A] Ministry of Education
[B] Ministry of Human Resource Development
[C] Ministry of women and child development
[D] Department of Food & Public Distribution

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10. In which year, “20 Point Programme” was initiated for the first time in India?
[A] 1972
[B] 1975
[C] 1976
[D] 1978

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