Indian Economy MCQs

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

21. 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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22. As per the Lakdawala Formula , which among the following is accepted to estimate “urban poverty”?
[A] Consumer price Index for industrial labors
[B] Consumer price Index for Agriculture
[C] Wholesale Price index
[D] 2 & 3

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23. In which plan Integrated Handloom Development Scheme was initiated ?
[A] 9th
[B] 10th
[C] 11th
[D] 12th

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24. Which among the following is not a power of RBI?
[A] inspection of banks
[B] Nationalization of Banks
[C] Call of returns
[D] Control the lending policies of the banks

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25. 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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26. In a bid to introduce competitive bidding for allocation of coal blocks and benefit consuming industries, the government will soon replace the Mines and Minerals Development Regulation Act. In which year this act was enacted?
[A] 1951
[B] 1952
[C] 1955
[D] 1957

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27. Which among the following is an anti-inflationary measure?
[A] Stagflation
[B] Hyper inflation
[C] Disinflation
[D] Deflation

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28. Which among the following imposes a greater burden (relative to resources) on the poor than on the rich ?
[A] Progressive tax
[B] Regressive Tax
[C] Lump Sum tax
[D] Proportional tax

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29. Which among the following is not correctly matched? (largest Producer states )
[A] Groundnut – Gujarat
[B] Sugarcane – Uttar Pradesh
[C] Jute – West Bengal
[D] Wheat – Punjab

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30. Which of the following acts was amended by the parliament in 1989, with a view to restore the faith in business transactions through cheques and speedy remedy in case of bouncing cheques?
[A] Negotiable instruments Act 1881
[B] Companies Act 1956
[C] Reserve Bank of India Act 1934
[D] Banking Regulation Act, 1949

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