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Indian Economy MCQs - CSEET

1. What option does the central government does not include in development expenditure?

A) Grant to States

B) Expenditure on Social and Community Services

C) Expenditure on Economic Services

D) Defence Expenditure

Answer: D

2. Approx. __ % of Indian population is still Agriculturist.

(A) 46%

(B) 50%

(C) 58%

(D) 64%

Ans . C

3. Contribution of agriculture to Gross National Product is approximate?

(A) 14%

(B) 15%

(C) 16.5%

(D) 17.5%

Ans . D

4. How much population is living below the poverty line in India?

(A) Approx 24%

(B) Approx 25%

(C) Approx 26%

(D) Approx 27%

Ans . C

5. Depreciation is defined as

A) destruction of a plant in a fire accident

B) loss of equipment over time due to wear and tear

C) closure of a plant due to labour trouble

D) closure of a plant due to lockout

Answer: B

6. In general, deficit financing can create inflation, but it can be checked if.

A) Government expenditure increases the aggregate supply in the aggregate demand ratio

B) All the investment is indicated as payment on national debt only

C) Only aggregate demand is increased

D) All of the above

Answer: D

7. On July 12, 1982, The ARDC collaborated with


B) EXIM Bank


D) None of the above

Answer: A

8. What is the main cause of exports surplus?

A) Country’s stringent import policy

B) Developments in national and international markets

C) Country’s exports promotion value

D) None of the above

Answer: B

9. If RBI reduces the cash reserve ratio, the credit creation will

A) No impact

B) Decrease

C) Increase

D) None of the above

Answer: C

10. The first complete Indian Bank was established in the year.

A) 1794

B) 1894

C) 1896

D) 1902

Answer: B

11. The best indicator of economic development of any country is?

(A) Its agriculture

(B) Its transport

(C) Its gross production

(D) Its per capita income

Ans . D

12. What is the mainstay of Indian economy?

(A) Manufacturing

(B) Business

(C) Public sector

(D) Agriculture

Ans . D

13. India is the largest milk producing country in the world.

(A) True

(B) False

Ans . A

14. Who was the father of Operation Flood?

(A) Dr. Norman Borlaug

(B) Dr. M.S. Swaminathan

(C) Dr. Verghese Kurien

(D) Dr. William Gande

Ans . C

15. The increase in oilseeds production was due to?

(A) White revolution

(B) Yellow revolution

(C) Green revolution

(D) Brown revolution

Ans . B

16. The progress in the increase of fish production was called

(A) Yellow revolution

(B) White revolution

(C) Brown revolution

(D) Blue revolution

Ans . D

17. Which state is the biggest tea producer in the country?

(A) Andhra Pradesh

(B) Sikkim

(C) Assam

(D) West Bengal

Ans . C

18. India holds the third position in the production of Sugarcane.

(A) True

(B) False

Ans . B

19. National Agriculture Insurance Scheme was implemented on

(A) Oct. 1997

(B) Oct. 1998

(C) Oct. 1999

(D) Oct. 2000

Ans . C

20. Which is not a Kharif Crop?

(A) Jowar

(B) Maize

(C) Groundnut

(D) Wheat

Ans . D

21. Which option is not mentioned in a firms balance sheet?

A) Cash held at the bank

B) Revenue from sales of the company’s products

C) Total issued capital

D) Value of stocks of raw materials held

Answer: B

22. The state financial corporation in the State bank of India gives assistance especially to

A) Medium and Small-scale Industries

B) Large-scale Industries

C) Cottage Industry

D) Agricultural Farms

Answer: A

23. The central co-operative banks are directly associated with

A) Central Government

B) Land Development Banks

C) State Co-operative Banks

D) Farmers

Answer: C

24. The data of estimation of India's National income is issued by?

(A) Planning Commision

(B) National Data Center

(C) Central Statistical Organisation

(D) None of above

Ans . C

25. The concept of Economic Planning in India is derived from?


(B) UK

(C) Australia

(D) Russia

Ans . D

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