INDIAN ECONOMY MULTIPLE CHOICE QUESTIONS

1. The government is preparing Devolution Index which will measure social empowerment of people at the—
(A) Panchayat level
(B) Block level
(C) District level
(D) State level
Ans : (A)

2. At present the central issue price for wheat for families BPL (below poverty line) is—
(A) Rs. 250 per Qt.
(B) Rs. 415 per Qt.
(C) Rs. 500 per Qt.
(D) Rs. 900 per Qt.
Ans : (B)

3. Which committee was constituted for reforms in tax-structure ?
(A) Narsimham Committee
(B) Chelliah Committee
(C) Gadgil Committee
(D) Kelkar Committee
Ans : (B)


4. Narsimham Committee was related to—
(A) High Education Reforms
(B) Tax Structure Reforms
(C) Banking Structure Reforms
(D) Planning Implementation Reforms
Ans : (C)

5. The Slogan ‘Garibi Hatao’ was included in—
(A) First Plan
(B) Fifth Plan
(C) Fourth Plan
(D) Second Plan
Ans : (B)

6. KVIC (Khadi and Village Industry Commission) was established in—
(A) Third Plan
(B) Fourth Plan
(C) Second Plan
(D) First Plan
Ans : (C)

7. Which year was declared as Customer’s Satisfaction Year by Railways ?
(A) 2000-01
(B) 2001-02
(C) 2002-03
(D) 2003-04
Ans : (D)

8. The main security guard of International Trade is—
(A) IMF
(B) World Bank
(C) WTO
(D) IFC
Ans : (C)

9. Which is true for existing Economic and Industrial Policies of Indian Govt. ?
(1) FERA was abolished
(2) MRTP was abolished
(3) Cash compensatory support for exports was abolished
(4) Industrial licensing (except a few goods) was abolished
(A) 1, 2, 3 and 4
(B) 1, 3 and 4
(C) only 3 and 4
(D) only 2 and 3
Ans : (C)

10. Which segment of infrastructure sector got the maximum share in 11th plan’s infrastructure allocations ?
(A) Irrigation
(B) Telecom
(C) Electricity
(D) Roads and Bridges
Ans : (C)

11. An expert committee on climate change has been formed by the Ministry of Environment and Forest under the chairmanship of—
(A) R. Chidambaram
(B) V. Siddhartha
(C) A. Raja
(D) Nirmala Deshpande
Ans : (A)

12. Which of the two employment programmes are being merged in newly introduced Prime Minister’s Employment Generation Programme ?
(A) PMRY and NREP
(B) NREP and REGP
(C) PMRY and REGP
(D) PMRY
Ans : (C)

13. Trinity Coal group of US is being purchased by—
(A) Essar Group
(B) Tata Group
(C) Jindal Group
(D) Laxmi N. Mittal Group
Ans : (A)

14. One major proposal of New Industrial Policy (1991) was—
(A) NRIs will not be allowed for capital investment in India
(B) All types of industries have been made licence free
(C) Import restrictions of technical know-how for one year
(D) Facility of direct foreign investment upto 51% in high priority industries
Ans : (D)

15. Which of the following company has won in the bid to acquire Satyam Computer Service ?
(A) Larsen and Toubro
(B) Tech-Mahindra
(C) Wipro
(D) None of the above
Ans : (B)

16. According to 2001 census, which state has the maximum slum population ?
(A) Uttar Pradesh
(B) Maharashtra
(C) Delhi
(D) Orissa
Ans : (B)

17. ‘Closed Economy’ is that economy in which—
(A) Only export takes place
(B) Money supply is fully controlled
(C) Deficit financing takes place
(D) Neither export nor import takes place
Ans : (D)

18. Government has introduced SBI (Amendment) Bill 2010 in the Parliament which has the provision to reduce government’s share in SBI’s capital—
(A) from 61% to 55%
(B) from 58% to 55%
(C) from 55% to 51%
(D) from 55% to 49%
Ans : (C)

19. National Rural Development Institute is situated at—
(A) Shimla
(B) Hyderabad
(C) Patna
(D) New Delhi
Ans : (B)

20. ‘Axis Bank’ is the new proposed name for—
(A) UCO Bank
(B) IDBI Bank
(C) UTI Bank
(D) ICICI Bank
Ans : (C)