Indian Economy Questions


Indian Economy Questions


Indian economy is booming right now in 2017 again and whole world is looking for get opportunity in Indian market by observing the economy of India.


Upcoming GST implementation 2017 will be a very big game changer in Indian Economy.


So now start the some useful questions about Economics of India which includes some major factors of Indian economy.


Question (1) Slogan ‘Garibi Hatao’ was included in _.
– Second Plan,
– Third Plan,
– Fourth Plan,
– Fifth Plan
Ans:- Fifth Plan

Question (2) The Eight plan period was from _.
– 1992-1997,
– 1997-2002,
– 2002-2007,
– 2007-2012
Ans:- 1992-1997

Question (3) The banks are required to maintain a certain ratio between their cash in hand and total assets is called _.
– POS,
– SLR,
– TPC,
– RTM
Ans:- SLR

Question (4) Blue revolution is nothing but _.
– Progress in increase of fish production,
– Progress in increase of oil seeds production,
– Progress in increase of fruits production,
– Progress in increase of rice production
Ans:- Progress in increase of fish production

Question (5) Who is the Chairman of the Planning Commission in India-
– President,
– Vice President,
– Prime Minister,
– Finance Minister
Ans:- Prime Minister

Question (6) Which one of the following is true about Planning Commission-
– It is a Ministry,
– It is a Government Department,
– It is an Advisory Body,
– It is an Autonomous Corporation
Ans:- It is an Advisory Body

Question (7) Economic survey is published by-
– Ministry of Finance,
– Planning Commission,
– Govt of India,
– Indian Statistical Institute
Ans:- Ministry of Finance

Question (8) Mahila Samridhi Yojana started in?
– 1992,
– 1993,
– 1994,
– 1995
Ans:- 1993

Question (9) Which state is the biggest tea producer in the country?
– Andhra Pradesh,
– Sikkim,
– Assam,
– West Bengal
Ans:- Assam

Question (10) Which five year plan focused on “Growth with social justice and equity”?
– Ninth Five Year Plan,
– Eight Five Year Plan,
– Seventh Five Year Plan,
– Sixth Five Year Plan
Ans:- Ninth Five Year Plan

Question (11) Industrial Credit and Investment Corporation of India (ICICI) was established in?
– 1989,
– 1990,
– 1991,
– 1992
Ans:- 1991

Question (12) The increase in oil seeds production was due to?
– White revolution,
– Yellow revolution,
– Green revolution,
– Brown revolution
Ans:- Yellow revolution

Question (13) Which of the following is not viewed as a national debt?
– National Saving Certificate,
– Provident Fund,
– Life Insurance Policies,
– Long-term Government Bonds
Ans:- National Saving Certificate

Question (14) The best indicator of economic development of any country is?
– Agriculture,
– Transport,
– Gross production,
– Per capita income
Ans:- Per capita income.

Question (15) National Agriculture Insurance Scheme was implemented on?
– Oct. 1997,
– Oct. 1998,
– Oct. 1999,
– Oct. 2000
Ans:- Oct. 1999.





Question (16) Banking regulation act was passed in?
– 1947,
– 1948,
– 1949,
– 1950
Ans:- 1949.

Question (17) Planning Commission was constituted on?
– 15 March, 1948,
– 15 March, 1949,
– 15 March, 1950,
– 15 March, 1951
Ans:- 15 March, 1950.

Question (18) The progress in increase of fish production was called?
– Yellow revolution,
– White revolution,
– Brown revolution,
– Blue revolution
Ans:- Blue revolution

Question (19) In India paper currency started in?
– 1860,
– 1861,
– 1862,
– 1863
Ans:- 1861

Question (20) The concept of Economic Planning in India is derived from?
– USA,
– UK,
– Australia,
– Russia
Ans:- Russia

Question (21) Reserve bank of India was established on?
– 1st April, 1935,
– 1st April, 1936,
– 1st April, 1937,
– 1st April, 1938
Ans:- 1st April, 1935

Question (22) Who was the father of Operation Flood?
– Dr. Norman Borlaug,
– Dr. M.S. Swaminathan,
– Dr. Verghese Kurien,
– Dr. William Gande
Ans:- Dr. Verghese Kurien

Question (23) Pradhan Mantri Gramodaya Yojana started in?
– 1999,
– 2000,
– 2001,
– 2002
Ans:- 2000

Question (24) First five year plan was based on?
– Herold-Domar Model,
– P.C. Mahalanobis Model,
– Both of above,
– None of above
Ans:- Herold-Domar Model

Question (25) What is the mainstay of Indian economy?
– Manufacturing,
– Business,
– Public sector,
– Agriculture
Ans:- Agriculture


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