Indian Economy GK MCQ Questions SET-6 with Answers free PDF

Indian Economy GK MCQ Questions SET-6 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. India’s share in textiles trade of the world is:

(i) 4%
(ii) 6%
(iii) 8%
(iv) 10%

(ii) 6%

Q2. In which city is the headquarters of IDBI located?

(i) Delhi
(ii) Chennai
(iii) Mumbai
(iv) Bangalore

(iii) Mumbai

Q3. Which of the following items would not appear in a company’s balance sheet?

(i) Value of stocks of raw materials held
(ii) Total issued capital
(iii) Revenue from sales of the company’s products
(iv) Cash held at the bank

(iii) Revenue from sales of the company’s products

Q4. The profits of Indian–banks operating in foreign countries are a part of

(i) domestic factor income of India
(ii) income from entrepreneurship earned from abroad
(iii) profits of the enterprises working in domestic territory of India
(iv) operating surplus of the banks located in India

(ii) income from entrepreneurship earned from abroad

Q5. Which company has started a rural marketing network called e-Chaupals?

(i) ITC
(ii) Dabur
(iii) Procor and Gamble
(iv) Hindustan liver

(i) ITC

Q6. During which five Year plan was phase of heavy industrialization initiated?

(i) Second five year plan.
(ii) First five year plan
(iii) Third five year plan
(iv) Fourth five year plan

(i) Second five year plan.

Q7. In which year was the medical council act was passed?

(i) 1970
(ii) 1960
(iii) 1975
(iv) None of the above

(i) 1970

Q8. Which of the following is the most appropriate cause of exports surplus?

(i) Country’s exports promotion value
(ii) Country’s stringent import policy
(iii) Developments in national and international markets
(iv) None of the above

(iii) Developments in national and international markets

Q9. Corporation tax is a tax imposed on

(i) tax imposed by the corporation on individual properties
(ii) the corporate properties
(iii) the utilities provided by the corporation
(iv) the net incomes of the companies

(iv) the net incomes of the companies

Q10. Excess of Total Expenditure over total Receipts is :

(i) Deficit Budget
(ii) Surplus Budget
(iii) Balanced Budget
(iv) None of the above

(i) Deficit Budget

Q11. Open market operation is a part of:

(i) Credit Policy
(ii) Debit Policy
(iii) Deposit Policy
(iv) None of these

(i) Credit Policy

Q12. Which country is the largest exporter of cotton yarn in the world?

(i) China
(ii) Bangladesh
(iii) India
(iv) Vietnam

(iii) India

Q13. Gross domestic capital formation is defined as

(i) flow of expenditure devoted to increased or maintaining of the capital stock
(ii) expenditure incurred on physical assets only
(iii) production exceeding demand
(iv) net addition to stock after depreciation

(iv) net addition to stock after depreciation

Q14. Who estimated national income in India first?

(i) R.C. Dutt
(ii) D.R. Gadgil
(iii) V.K. R.V. Rao
(iv) Dadabhai Naoroji

(iv) Dadabhai Naoroji

Q15. Who is the author of the book Man and Economics?

(i) Myron Scholes
(ii) Robert Mundel
(iii) Rudi Dornbusch
(iv) George Akerlof

(ii) Robert Mundel

Q16. When was HELP introduced?

(i) 2012
(ii) 2014
(iii) 2016
(iv) 2018

(iii) 2016

Q17. On which one of the followings is the benefits received principle of taxation to achieve optimality bases?

(i) Marginal benefit received
(ii) Total benefit received
(iii) Average benefit received
(iv) Ability to pay for the benefit

(iv) Ability to pay for the benefit

Q18. Gross domestic product is a measure of :

(i) A country’s domestic economic activities
(ii) A country’s international economic activities
(iii) A country’s financial position
(iv) A country’s industrial output

(i) A country’s domestic economic activities

Q19. Which organization implements the Bharat Stage norms?

(i) Environment Minsitry
(ii) Central Pollution control board
(iii) State pollution contol board
(iv) National green tribunal

(ii) Central Pollution control board

Q20. India changed over to the decimal system of coinage in

(i) April 1995
(ii) April 1957
(iii) April 1958
(iv) April 1959

(ii) April 1957

Q21. Which one of the following disburses long term loans to private industry in India ?

(i) Life Insurance Corporation of India
(ii) Food Corporation of India
(iii) Primary Credit Society
(iv) Land Development Banks

(iv) Land Development Banks

Q22. Where is the International Centre for Automotive Technology located

(i) Manesar
(ii) Chennai
(iii) Noida
(iv) Visakhapatanam

(i) Manesar

Q23. Deficit financing leads to inflation in general, but it can be checked if

(i) government expenditure leads to increase in the aggregate supply in ratio of aggregate demand
(ii) only aggregate demand is increased
(iii) all the expenditure is denoted national debt payment only
(iv) All of the above

(iv) All of the above

Q24. Indian Economy is a/an :

(i) Mixed Economy
(ii) Independent Economy
(iii) Capitalist Economy
(iv) Communist Economy

(i) Mixed Economy

Q25. Who is responsible for establishing and maintaining astound and efficient accounting and financial reporting system in India?

(i) The Comptroller General of Accounts
(ii) NITI Ayog
(iii) RBI
(iv) None of these

(i) The Comptroller General of Accounts

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