Indian Economy Quiz Online Test – Gk Questions And Answers

Indian Economy Quiz Online Test – Gk Questions And Answers

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Want to learn about the Indian Economy in an Interesting manner? then look at the Online Quiz we are providing on this page. Well, this article is going to cover all the topics related to the Indian Economy. And this Quiz is also boon for the people who are preparing for Different kind of the Entrance Exams. And particularly those are preparing for the civil and UPSC Services. By practicing the Quiz we provided in this post, an individual can easily grasp the knowledge. Thus eventually, you can do good in those Exams. Go below to this post for an interesting way to learn about our Indian Economy.

We are providing aspirants the Indian Economy Online Test that contains different questions based on the given concept. Indian Economy Quiz helps to face the competitive exams, which plays a very prominent role in candidates career. Meanwhile, they can also face these type of competitive examinations by practicing more and more the given Indian Economy Gk Questions And Answers.

Contents

1 Indian Economy Quiz Details

2 Indian Economy Online Test

2.1 About Indian Economy

2.2 Benefits of Practicing Indian economy Quiz:

2.3 Results Of Indian Economy Quiz

Indian Economy Quiz Details

Quiz Name Indian Economy

Category GK

Number of Questions 25

Time 30 Minutes

Exam Type MCQ (Multiple Choice Questions)

Indian Economy Online Test

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1. Development expenditure of the Central government does not include

A. defence expenditure

B. expenditure on economic services

C. expenditure on social and community services

D. grant to states

2. What is the base year to calculate the National income in India?

A. 2004-05

B. 2010-11

C. 2014-15

D. 2011-12

3. Which of the following schemes have been subsumed in the recently approved Ayushman Bharat – National Health Protection Mission (AB-NHPM)?

A. Rashtriya Swasthya Bima Yojana (RSBY)

B. Senior Citizen Health Insurance Scheme (SCHIS)

C. National Life Insurance Scheme

D. 1 & 2

4. In which among the following years, a new “Liberalized Industrial Policy” in India was announced for the first time?

A. 1986

B. 1991

C. 1992

D. 1993

5. Which state in India is the major producer of mulberry silk?

A. Karnataka

B. Kerala

C. Hyderabad

D. Chennai

6. Who was the first administrator-statesman to attempt planning as a means for economic development?

A. Sir CP Ramaswami Aiyyar

B. M Viswesvarayya

C. VT Krishnamachari

D. C Rajagopalachari

7. The main objective of TRYSEM was

A. To train rural youth for self-employment

B. To train urban youth for self-employment

C. Both of the above

D. None of these

8. National Income estimates in India are prepared by

A. Planning Commission

B. Reserve Bank of India

C. Central statistical organization

D. Indian Statistical Institute

9. Which was the first bank with limited liability managed by Indians?

A. Punjab National Bank

B. Oudh Commercial Bank

C. State Bank of India

D. Bank of Baroda

10. What is the position of India by GDP (nominal) according to International Monetary Fund list, 2012

A. Third

B. Fifth

C. Tenth

D. Twelve

11. Who is the father of Economics?

A. Max Muller

B. Adam Smith

C. Karl Marx

D. None of these above

12. When the productive capacity of the economic system of a State is inadequate to create sufficient number of jobs, it is called

A. Seasonal unemployment

B. Structural unemployment

C. Disguised unemployment

D. Cyclical unemployment

13. In India, planned economy is based on

A. Gandhian System

B. Socialist System

C. Capitalist System

D. Mixed Economy System

14. Which country is not a member of SAARC?

A. India

B. Myanmar

C. Bangladesh

D. Pakistan

15. Indian's economy planning CANNOT be said to be :

A. Indicative

B. Imperative

C. Limited

D. Democratic

16. What is the base year for computation of National Income in India?

A. 1976-77

B. 1993-94

C. 1985-86

D. 1969-70

17. Which of the following authority regulates insurance business in India?

A. SEBI

B. RBI

C. IRDA

D. CII

18. The type of note issue system followed in India is :

A. Maximum fiduciary system

B. Minimum reserve system

C. Proportional fiduciary system

D. Fixed fiduciary system

19. Aam Admi Bima Yojana was launched on:

A. November 14, 2011

B. March 5, 2009

C. March 10, 2008

D. October 2, 2007

20. Indian economy is more appropriately described as a ______economy

A. Capitalist

B. mixed

C. socialist

D. agricultural

21. Which five year plan is also known as "Gadgil Yojana"?

A. Second Five Year Plan

B. Third Five Year Plan

C. Fourth Five Year Plan

D. Fifth Five Year Plan

22. Which one of the following was launched with the objective of helping the poor in rural areas to become self-employed?

A. DPAP

B. IRDP

C. TRYSEM

D. DDP

23. Who is the richest state in India?

A. Tamil Nadu

B. Maharashtra

C. Kerala

D. Karnataka

24. First Industrial Policy of free India was announced in which year?

A. 1948

B. 1950

C. 1960

D. 1970

25. The national forest policy aims at maintaining how much of the total geographical area under forests?

A. One-fourth

B. One-fifth

C. One-third

D. One-sixth

Well, this article will provide you the concept of Indian Economy. Furthermore, details like Indian Economy General Knowledge Questions And Answers which will assist you up to the mark. This quiz helps us to crack various competitive exams like SSC, IBPS, Civil Services, Railways, etc.; Here we provide quiz which helps to crack the competitive exams in an easy manner through which candidate can rate themselves. So, the candidates don’t be late in facing the examinations. Moreover, Spend some short time with us and good results. Look at the below post

About Indian Economy

It is a developing mixed economy. Its economy is sixth largest by nominal GDP and third largest by PPP(purchasing power parity) in the world. The growth of the this is positive due to the young population, low dependency ratio, healthy savings and investment rates. Soviet Union’s practices post-independence highly inspired by this.

It is essential to understand the economic system of India during the British rule. During the British rule, the economy of India became a net raw material supplier, and a net importer of finished products and no British economist attempted to measure the per capita income and national income of India.

Primary sector: In fact, the economic activity depends mainly on the exploitation of natural resources, fishing, mining, and extraction of oil and gas, agriculture and its related activities.

Secondary sector: It involves manufacturing and Industrial production of physical goods.

Tertiary sector: It involves providing the intangible goods like services, attention, advice, experience, and discussion. Telephony and IT are good examples of the service sector.

Goals of the five-year plan include like Growth, Equity, Modernisation, Self-Reliance. Key things in the Indian economy are Economic and population growth, demonetization had mixed success and working employment for women.

Benefits of Practicing Indian economy Quiz:

There are various types of benefits by practicing these quiz. They are:

The status bar is displayed which helps to know that the number of questions completed.

Well in this Quiz, candidates can understand better as they know before reading this article.

The visual representation of this post is like an online test which helps in building the confidence in individual careers.

Results Of Indian Economy Quiz

The results are given based on the number of questions submitted on or before the time allotted.

By going through this Quiz, the candidate who is facing any competitive exam can improve the knowledge.

For more updates and information keep following our site Freshersnow.com

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