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 was the first paper currency issued by RBI?

[A] Rs 1-Note
[B] Rs 2-Note
[C] Rs 5 Note
[D] Rs 100 Note

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2. Agricultural Income Tax revenue goes to which of the following governments in India?

[A] State Governments
[B] Central Government
[C] Collected by State Governments , delivered to Central Government
[D] Collected by Central Government, delivered to State Governments

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3. What was the period of India’s First Five Year Plan? 

[A] 1951-56
[B] 1961-66
[C] 1969-1974
[D] 1979-1984

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4. Which among the following method includes planning process and plan implementation to the grass root levels ?

[A] Totalitarian Planning
[B] Democratic Planning
[C] Indicative Planning
[D] Decentralized Planning

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5. Which among the following publishes World Investment Report ?

[A] World Bank
[B] IMF
[C] OECD
[D] United Nations Conference on Trade and Development

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6. Which among the following is India’s first Regional Rural Bank ?

[A] Sindhanur Urban Souharda Co-operative Bank
[B] Karnataka Vikas Grameena Bank
[C] Prathama Bank
[D] Jaipur Nagaur Grameen Bank

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7. Gender Empowerment Measure (GEM) is one of the five indicators used by the United Nations Development Programme in its annual Human Development Report. It includes which of the following ?

[A] political participation and decision making
[B] economic participation and decision making
[C] power over economic resources
[D] All the above

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8. Which among the following is correct regarding CashTree ?

[A] CashTree is an interbank network in India that has been in operation since March 2004.
[B] CashTree is an interbank network in India managed by Euronet Services India Pvt. Ltd
[C] Cash Tree is a computerized telecommunication system operated by State Bank of India
[D] )CashTree is a worldwide financial messaging network which exchanges messages between banks and other financial institutions.

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9. Which among the following is not correctly matched?

[A] Planned Economy for India – A Book by M Visheshvrayya
[B] Gandhian Plan -Shrimana Narayan 1944
[C] Sarvodaya Plan -Jaiprakash Narayan 1950
[D] All are correct

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10. Arrange the following in correct chronological order of their years of establishment? (RBI, SBI, IFCI, ICICI, NABARD, UTI)

[A] RBI, SBI, IFCI, ICICI, NABARD, UTI
[B] RBI, IFCI, ICICI,SBI, NABARD, UTI
[C] RBI, IFCI, NABARD,ICICI,SBI, UTI
[D] RBI, IFCI,ICICI,SBI, UTI, NABARD

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