Indian Economy GK MCQ Questions SET-3 with Answers free PDF

Indian Economy GK MCQ Questions SET-3 with Answers free PDF Download

We have provide GK MCQ Questions for Indian Economy GK questions with Answers free PDF. Download based on the important concepts and topics given in the textbook as per new exam pattern. All these Indian Economy GK MCQs Multiple Choice Questions with Answers provided here with detailed solutions. Use them as reference and be confident in the actual exam by practicing the MCQ Quiz Questions of Indian Economy GK as much as you can. Each question has four options followed by the right answer.

MCQ Questions for Indian Economy GK with Answers

Q1. Which is the most industrialized state in India?

(i) Tamil Nadu
(ii) Maharashtra
(iii) Kerala
(iv) Gujarat

(i) Tamil Nadu

Q2. The condition of indirect taxes in the country’s revenue is approximately

(i) 70 percent
(ii) 75 percent
(iii) 80 percent
(iv) 86 percent

(iv) 86 percent

Q3. The largest producer of Coffee in the country is:

(i) Kerala
(ii) Tamil Nadu
(iii) Andhra Pradesh
(iv) Karnataka

(iv) Karnataka

Q4. Which state has APMC with no market fees?

(i) Andhra Pradesh
(ii) Tamil Nadu
(iii) Karnataka
(iv) Haryana

(ii) Tamil Nadu

Q5. National Agricultural Insurance Scheme replacing Comprehensive Crop Insurance Scheme was introduced in the year

(i) 1997
(ii) 1998
(iii) 1999
(iv) 2000

(iii) 1999

Q6. The Oilseeds Production Programme (OPP) was launched in

(i) 1987
(ii) 1986
(iii) 1988
(iv) 1990

(ii) 1986

Q7. Non Tax revenues can be increased by improving the working of the

(i) State Road Transport Corporations
(ii) electricity boards
(iii) commercial irrigation projects
(iv) All of the above

(iii) commercial irrigation projects

Q8. The chairman of 13th finance Commission was:

(i) Vijay L. Kelkar.
(ii) K C Neogy
(iii) Nand Kishore Singh
(iv) Y V Reddy

(i) Vijay L. Kelkar.

Q9. Revenue of the state governments are raised from the following sources, except

(i) entertainment tax
(ii) expenditure tax
(iii) agricultural income tax
(iv) land revenue

(iii) agricultural income tax

Q10. Fiscal deficit in the Union Budget means

(i) the difference between current expenditure and current revenue
(ii) net increase in Union Governments borrowings from the Reserve Bank of India
(iii) the sum of budgetary deficit and net increase in internal and external borrowings
(iv) the sum of monetized deficit and budgetary deficit

(iii) the sum of budgetary deficit and net increase in internal and external borrowings

Q11. In Global Hunger Index (GHI) India has been ranked at:

(i) 96th place among 119 developing countries
(ii) 102nd place among 117 developing countries
(iii) 105th place among 117 developing countries
(iv) 109th place among 117 developing countries

(ii) 102nd place among 117 developing countries

Q12. Which state is the largest meat producer in India?

(i) Bihar
(ii) Uttar Pradesh
(iii) Tamil Nadu
(iv) Kerala

(ii) Uttar Pradesh

Q13. Reserve Bank of India was nationalized in the year

(i) 1935
(ii) 1945
(iii) 1949
(iv) 1969

(iii) 1949

Q14. The basic regulatory authority for mutual funds and stock markets lies with the

(i) Reserve Bank of India
(ii) Government of India
(iii) SEBI
(iv) Stock Exchange

(iii) SEBI

Q15. Debenture holders of a company are its

(i) shareholders
(ii) creditors
(iii) debtors
(iv) directors

(ii) creditors

Q16. As per the targets of 11th Five year Plan (2007-12) Mortality Rate (2012) has been targeted at:

(i) 1 per 1000 births
(ii) 1 per 10000 births
(iii) 1 per 100 births
(iv) 1 per 10 births

(i) 1 per 1000 births

Q17. Yellow revolution is related to which crop production?

(i) Pulses
(ii) Oil seeds
(iii) Sunflower
(iv) Honey

(ii) Oil seeds

Q18. Of the gross tax revenue of the Union Government the indirect taxes account for nearly

(i) 70 per cent
(ii) 75 percent
(iii) 65 percent
(iv) 60 percent

(iii) 65 percent

Q19. Inflation is caused by

(i) Increase in cash with the government
(ii) Increase in money supply
(iii) Decrease in money supply
(iv) Increase in supply of goods

(ii) Increase in money supply

Q20. States earn maximum revenue through

(i) land revenue
(ii) custom revenue
(iii) commercial taxes
(iv) excise duties on intoxicants

(iii) commercial taxes

Q21. Unit Trust of India (UTI) was established in:

(i) 1964
(ii) 1904
(iii) 1968
(iv) 1970

(i) 1964

Q22. Where was the first skill institute is going to be established?

(i) Kanpur
(ii) Lucknow
(iii) Madras
(iv) None of the above

(i) Kanpur

Q23. Notes on which denomination has the portrait of Mahatma Gandhi printed on them?

(i) 1000 rupee
(ii) 500 rupee
(iii) 100 rupee
(iv) All of the above

(iv) All of the above

Q24. Per capita income is obtained by dividing National Income by

(i) Total working population
(ii) Total population of the country
(iii) Area of the country
(iv) Volume of capital used

(ii) Total population of the country

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