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QUIZ ON INDIAN ECONOMICS (OBJECTIVE QUESTIONS)


Questions related to Indian Economics are always asked in every competitive examinations conducted by SSC CGL, UPSC, PSC, LIC, GIC, Railways, IBPS, etc. The main objective of these questions is to test the candidate's knowledge in the subject Economics, specially Indian Economics. For this purpose we have provided more than 100 objective questions on Indian Economy with answers for the candidates to enhance their knowledge in this area. All these questions had already been asked in various competitive examinations such as SSC CGL, SSC CHSL, SSC TAX ASSISTANT, UPSC, BANK CLERK, BANK PO, CDS, NDA, CPO, PSC, LIC, GIC, RAILWAYS, etc.

Take 10 Questions Online Quiz (objective questions) on Indian Economy below:

1) Rising prices lead to all but one of the following:
A) promotion of inequalities
B) generation of black money
C) adverse effect on balance of payments
D) adverse effect on speculation

2) Which of the following is/are treated as artificial currency?
A) ADR
B) GDR
C) SDR
D) Both ADR and SDR

3) The success of the Green Revolution does not require:
A) adequate irrigation facilities
B) availability of high yielding seeds
C) pesticides and chemical fertilizers
D) large scale mechanization

4) IRDP was introduced during the
A) Sixth Five Year Plan
B) Fifth Five Year Plan
C) Fourth Five Year Plan
D) Third Five Year Plan

5) Take off stage in an economy means:
A) steady growth begins
B) economy is stagnant
C) economy is about to collapse
D) all controls are removed

6) Price rigidity is the feature of
A) Perfect competitive competition
B) Monopoly
C) Oligopoly
D) Monopolistic competition

7) Which of the following is wrongly matched?
A) Depression: Insufficient demand causing large scale unemployment of men and machinery over a long period of time
B) Recession: Reduction in demand and production/ investment over a short period of time
C) Stagflation: slow pace of economic activity due to falling prices
D) Boom: Rapid and all-round spurt in economic activity

8) During which Plan period did agricultural production register a negative growth?
A) First
B) Second
C) Third
D) Fourth

9) An ad valorem duty is a tax on the basis of?
A) The unit of the commodity
B) The advertisement expenditure
C) The price of a commodity
D) None of these

10) The term Bull and Bear are associated with which branch of commercial activity?
A) Foreign Trade
B) Banking
C) Share Market
D) Manufacturing

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