Indian Economy MCQs

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

51. Which among the following is used for a situation of “Too much money chasing too few goods?
[A] Demand Pull Inflation
[B] Cost pull inflation
[C] Stagflation
[D] Hyperinflation

Show Answer

52. In a condition of monopoly, the monopolist has a control over the price he charges for his product. In which of the following conditions he will be able to maximize his profits?
[A] Lowering the prices if the demand curve is elastic
[B] Lowering the price, if the demand curve is inelastic
[C] Raising the price, if the demand curve is elastic
[D] In all of above situations

Show Answer

53. In which year the Ministry of Non-conventional Energy Resources was changed into Ministry of New & Renewable Energy ?
[A] 2002
[B] 2004
[C] 2006
[D] 2008

Show Answer

54. As per norms, a domestic airline needs to complete how many years of domestic operations to be eligible for International Operations?
[A] 2 years
[B] 3 years
[C] 5 years
[D] 7 years

Show Answer

55. Which among the following does not go with Progressive taxation?
[A] ability to pay
[B] administrative convenience
[C] in built stabilizer
[D] will to work and save

Show Answer

56. A good that is non-rivalries and non-excludable, and whose benefits can not be prices and therefore to which the principle of exclusion does not apply comes under the following heading?
[A] Pure Private Goods
[B] Pure Public Goods
[C] Pure Free Goods
[D] Pure Market Goods

Show Answer

57. Which among the following programme was the brainchild of National Advisory Council of UPA government?
[A] Pradhan Mantri Gram Sadak Yojna
[B] National Literacy Mission
[C] National Rural Employment Guarantee Act
[D] New Pension Scheme

Show Answer

58. In which year an act was passed in India which provides for constitution of a National Social Security Board and State Social Security Boards which will recommend social security schemes for unorganized workers?
[A] 2006
[B] 2008
[C] 2010
[D] 2012

Show Answer

59. Which among the following sector of Indian Economy is maximum dependent on economic developments in advanced nations?
[A] Manufacturing Sector
[B] Agricultural Sector
[C] Mining Sector
[D] Service Sector

Show Answer

60. Under which of the following departments / ministries comes the “Grant-in-aid to Universities & Research Institutions” in India?
[A] Department of Economic Affairs
[B] Department of Higher Education
[C] Planning Commission
[D] Ministry of Planning

Show Answer

Advertisement

Kindly help us to keep GKToday updated and error free. Use this form to report error or outdated information in questions. We shall rectify asap...