Indian Economy MCQs

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

11. An Inchoate Instrument as per the NI Act is a document which is ____?

[A] Fraudulent
[B] Incorrect
[C] Incomplete
[D] Handwritten

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12. In which of the following years, Rupee became the standard coin in India?

[A] 1806
[B] 1835
[C] 1852
[D] 1816

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13.  Who among the following is called father of Economics?

[A] David Hume
[B] Lamarck
[C] Adam Smith
[D] John Stuart Mill

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14. The first step towards electronic bond trading in India was the introduction of the RBIs Negotiated Dealing System. In which year NDS was launched?

[A] 2000
[B] 2002
[C] 2003
[D] 2004

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15. What does the word Olericulture refer to ____?

[A] Cultivation of Fruits
[B] Cultivation of Vegetables
[C] Cultivation of Oil Seeds
[D] Cultivation of Cash Crops

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16. A syndicated loan is a loan that is _____?

[A] Secured by Mortgages
[B] Unsecured
[C] Provided by Group of Banks
[D] Provided to a Group of Customers

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17. Ad Valorem Tax is levied on the basis of which among the following?

[A] Volume
[B] Value
[C] Production
[D] Export

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18. Which among the following bodies estimates the national income of India?

[A] Office of the Economic Advisor
[B] Ministry of Statistics
[C] Central Statistical Office
[D] Ministry of Finance

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19. A Committee on Tax on Agricultural Wealth and Income recommended a progressive Agricultural Holding Tax (AHT) in 1972.What is the name of this committee?

[A] Bhootlingam Committee
[B] K N Raj Committee
[C] Wanchoo Committee
[D] Khusrau Committee

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20. Which of the following scheme was launched under the slogan ” Garibi hatao”?

[A] Jawahar Rozgar Yojna
[B] Twenty point programme
[C] Bharat Nirman
[D] NREGA

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