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. These questions are part of GKToday’s 35000+ MCQs Bank Course in GKToday Android App

41. Consider the following pairs:

  1. Surajkund Crafts Mela – Ministries of Tourism, Textiles, Culture and External Affairs.
  2. India International Trade Fair – India Trade Promotion Organisation
  3. The Kala Ghoda Arts Festival – Ministry of Culture

Which of the pairs given above are correct?

[A] Only 1 & 2
[B] Only 2 & 3
[C] Only 1 & 3
[D] 1, 2 & 3

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42. What is meant by the law of increasing returns?
[A] increasing cost
[B] Decreasing cost
[C] increasing production
[D] increasing income

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43. Rent is a factor payment which is paid by which of the following?
[A] land
[B] restaurant
[C] building
[D] factory

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44. In which economies, all productive resources are owned and controlled by the government?
[A] dual
[B] socialist
[C] mixed
[D] capitalist

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45. What is the objective of the government’s Sangam scheme?
[A] To make Ganga water pollution free
[B] To ensure welfare of handicaps and disables
[C] To unite various Hindu groups
[D] To make Sangam region of Allahabad more attractive for tourists

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46. Which inflation is the result of price rise?
[A] Obstacle in development
[B] Increase in economic inequalities
[C] Adverse effect on the balance of payment
[D] All of these

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47. ‘Gallop Inflation’ is also known as What?
[A] Walking Inflation
[B] Running Inflation
[C] Hyperinflation
[D] Creeping Inflation

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48. Money in India consists of ____.
[A] Paper currency

[B] Current deposits

[C] Metallic coins

[D] All options are correct

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49. Who was the first to estimate the national income in India?
[A] V.K. R. V. Rao
[B] Dadabhai Naoroji
[C] R.C. Dutt
[D] D.R. Gadgil

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50. Khadi and Village Industries Commission was established during which of the following five year plan?
[A] Second
[B] Third
[C] First
[D] Fifth

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