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200 QUESTIONS OF ECONOMICS WITH ANSWERS INCLUDING 8


CHAPTERS...*MCQ*
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CHAPTER1
1.Whowasthefirstadministratorstatesmantoattemptplanningasameansfor
economicdevelopment?

a)SirCPRamaswamiAiyyar
b)MViswesvarayya
c)VTKrishnamachari
d)CRajagopalachari

2.Aneconomyisatthetakeoffstageonitspathtodevelopmentwhenit

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a)becomesstagnant
b)beginssteadygrowth
c)isliberalized
d)getsmaximumforeignaid

3.WhichofthefollowingisthebasiccharacteristicofOligopoly?

a)afewsellers,onebuyer
b)afewsellers,manybuyers
c)afewsellers,afewbuyers
d)manysellers,afewbuyers

4.TheaimofwhichoftheFiveYearPlanswastocorrectthedisequilibriuminthe
economy?

a)FirstFiveYearPlan
b)SecondFiveYearPlan
c)ThirdFiveYearPlan
d)FourthFiveYearPlan

5.WhichofthefollowingFiveYearPlansrecognizedhumandevelopmentasthecoreof
alldevelopmentalefforts?

a)EighthFiveYearPlan
b)SeventhFiveYearPlan

c)FifthFiveYearPlan
d)ThirdFiveYearPlan

6.Whichofthefollowingplansaimedatimprovingthestandardofliving?

a)ThirdPlan
b)FourthPlan
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c)FifthPlan
d)SixthPlan

7.Atwhichofthefollowingplaceswastheminingofcoalstartedin1774?

a)Chhindwara
b)Dhanbad
c)Ranchi
d)Raniganj

8.Inwhichofthefollowingyearswerethecockingcoalsandnoncockingcoalminesin
Indianationalized?

a)1971and1972repetitively
b)1972and1973respectively
c)1973and1974respectively
d)1970and1972respectively

9.WhichIndianstatehasthelargestnumberofcottontextilemills?

a)MadhyaPradesh
b)Maharashtra
c)Gujarat
d)WestBengal

10.MinorportslikeKakinada,Machilipatnam,BheemunipatnamandKrishnapatnamarein
whichofthefollowingstates?

a)TamilNadu
b)AndhraPradesh
c)Maharashtra
d)Karnataka

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11.When,forthefirsttime,didthePrimeMinisterofIndiaannouncethe20point
EconomicProgramme?

a)1973
b)1974
c)1975
d)1976

12.Whichofthefollowingplansaimedattheremovalofpovertyandattainmentofself
reliance?

a)secondplan
b)thirdplan
c)fourthplan
d)fifthplan

13.CensusinIndiaisbeingheldregularlyafterevery

a)6years
b)8years
c)10years
d)12years

14.PeoplebelongingtowhatagegroupareeligiblefortrainingunderTRYSEMscheme?

a)1835
b)2540
c)1850
d)1825

15.Accordingtothecensusin2001,whichcityinIndiahasthelargestpopulation?

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a)Kolkatta
b)Mumbai
c)Delhi
d)Chennai

Answers
MViswesvarayya
2.beginssteadygrowth
3.afewsellers,manybuyers
4.FirstFiveYearPlan
5.EighthFiveYearPlan
6.FourthPlan
7.Raniganj
8.1972and1973respectively
9.Maharashtra
10.AndhraPradesh
11.1975
12.fifthplan
13.10years
14.1835
15.Mumbai

CHAPTER2
1.IntermsofgeographicalareaIndiaoccupieswhatpositionintheworld?

a)Five
b)six
c)seven
d)three

2.Indiadoesnotshareitsboundarywithwhichofthefollowingcountries?

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a)China
b)Taiwan
c)Burma
d)Bhutan

3.AgricultureemploysalmostwhatpercentoftheIndianpopulation?

a)90
b)50
c)40
d)70

4.WhichoneofthefollowingisaKharifcrop?

a)bajra
b)wheat
c)mustard
d)barley

5.Whichoneofthefollowingisarabicrop?

a)rice
b)jowar
c)cotton
d)peas

6.WhoisknownastheFatherofWhiteRevolution?

a)VKurien
b)MSSwaminathan
c)JPNarayan
d)BabaAmte

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7.WhowasthechiefarchitectofGreenRevolutionthatsignificantlyimprovedthe
agriculturalyieldinthecountry?

a)MSSwaminathan
b)VRKrishaAiyyar
c)VKurien
d)JawaharlalNehru

8.TheChotaNagpurPlateaufamousforitsmineraldepositsisin

a)UttarPradesh
b)Jharkhand
c)MadhyaPradesh
d)Bihar

9.TheMumbaiStockExchangewassetupin

a)1875
b)1900
c)1922
d)1947

10.WhatdoesthetermNSDLstandsfor?

a)NationalSecuritiesDevelopmentLimited
b)NationalSecuritiesDepositoryLimited
c)NationalSafetyDevelopmentLimited
d)NaturalSafetyDeploymentLimited

Answers
seven
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2.Taiwan
3.70
4.bajra
5.peas
6.VKurien
7.MSSwaminathan
8.Jharkhand
9.1875
10.NationalSecuritiesDepositoryLimited

CHAPTER3
1.Whichoneofthefollowingwaslaunchedwiththeobjectiveofhelpingthepoorinrural
areastobecomeselfemployed?

a)DPAP
b)IRDP
c)TRYSEM
d)DDP

2.InIndianeconomy,theprincipalmeansoftransportationis

a)airways
b)railways
c)waterways
d)roadways

3.Whichofthefollowingorganizationslooksafterthecreditneedsofagricultureand
ruraldevelopmentinIndia?

a)FCI
b)IDBI
c)NABARD
d)ICAR

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4.WhichofthefollowingestimatestheNationalIncomeinIndia?

a)CentralStatisticalOrganization
b)NationalIncomeCommittee
c)Planningcommission
d)ReserveBankofIndia

5.InIndiawhichofthefollowingtaxesisleviedbythestategovernments?

a)Excisedutyonliquor
b)Capitalgainstax
c)Customstax
d)corporationtax

6.WhichindustryemploysthelargestnumberofwomeninIndia?

a)tea
b)textile
c)jute
d)coal

7.Whichofthefollowingisnotacashcrop?

a)Jute
b)groundnut
c)jowar
d)sugarcane

8.Aneconomyisatthetakeoffstageonitspathtodevelopmentwhenit

a)becomesstagnant
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b)beginssteadygrowth
c)isliberalized
d)getsmaximumforeignaid

9.Whichamongthefollowingtreatiesprovidedforacommoncurrencyforthemember
countriesofEuropeanCommunity?

a)BrusselsTreaty
b)GenevaConvention
c)MaastrichtTreaty
d)TreatyofVersailles

10.SEBIstandsfor

a)ScienceandEngineeringBoardofIndia
b)SecuritiesandExchangeBoardofIndia
c)SocialEquityBureauofIndia
d)ScienceandEducationalBoardofIndia

11.Withwhichofthefollowingliesthebasicregulatoryauthorityformutualfundsand
stockmarkets?

a)ReservebankofIndia
b)GovernmentofIndia
c)SEBI
d)StockExchanges

12.WithwhichaspectofcommerceareBullsandBearsassociated?

a)ForeignTrade
b)StockExchangemarket
c)banking
d)internationalfinance
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13.WhichofthefollowingisthebasiccharacteristicofOligopoly?

a)afewsellers,onebuyer
b)afewsellers,manybuyers
c)afewsellers,afewbuyers
d)manysellers,fewbuyers

14.StateFinancialCorporationsgiveassistancemainlytodevelop

a)smallandmediumscaleindustries
b)agriculturalfarms
c)cottonindustry
d)largescaleindustries

15.InwhichofthefollowingfieldswasthefirstcooperativemovementinIndiainitiated?

a)agriculturalcredit
b)farmingactivities
c)consumercooperation
d)agriculturalmarketing

Answers
1.TRYSEM
2.railways
3.NABARD
4.CentralStatisticalOrganization
5.Excisedutyonliquor
6.tea
7.jowar
8.beginssteadygrowth
9.MastrichtTreaty
10.SecuritiesandExchangeBoardofIndia
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11.SEBI
12.StockExchangemarket
13.afewsellers,manybuyers
14.smallandmediumscaleindustries
15.agriculturalcredit

CHAPTER4
1.Whichofthefollowingtaxesisaprogressivetax?

a)incometax
b)customtax
c)salestax
d)exciseduty

2.Inwhichyearwasthepolicyofpopulationplanningadoptedbythegovernmentof
India?

a)1947
b)1956
c)1952
d)1962

3.Whichofthefollowingtaxesis/areleviedbytheUnionandcollectedandappropriated
bythestates?

a)stampduties
b)passengerandgoodtax
c)estateduty
d)taxesonnewspapers

4.ThetermsTRIPSandTRIMSarerelatedto

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a)NAFTA
b)SAPTA
c)EFTA
d)GATT

5.InwhichyearwasthenewliberalizedindustrialpolicyannouncedinIndia?

a)1989
b)1990
c)1991
d)1992

6.DuringwhichFiveYearPlanwastheannualgrowthrateofNationalIncomethelowest?

a)secondplan
b)thirdplan
c)fifthplan
d)sixthplan

7.ChelliahCommitteeof1992dealswiththeoverhaulingofour

a)publicsectorundertakings
b)financialsystem
c)taxsystem
d)patentsandcopyrights

8.Economicplanningisanessentialfeatureof

a)capitalisteconomy
b)socialisteconomy
c)mixedeconomy
d)dualeconomy

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9.Whichamongthefollowingisanessentialcharacteristicofmixedeconomy?

a)coexistenceofsmallscaleandlargescaleindustries
b)coexistenceofprivateandpublicsectors
c)assigningequalimportancetobothagricultureandheavyindustries
d)coexistenceoftherichandthepoor

10.Whatisthevalueofgoodsandservicesproducedinacountrywithinayearcalled?

a)Nationalincomeatfactorcost
b)netnationaloutput
c)netnationalproductatmarketprices
d)grossnationalproductatmarketprices

11.Whichofthefollowingdealswitheconomicoffences?

a)MISA
b)NSA
c)TADA
d)COFEPOSA

12.InIndia,inflationismeasuredby

a)wholesalepriceindexnumber
b)consumerpriceindexforurbannonmanualworkers
c)consumerpriceindexforagriculturalworkers
d)nationalincomedeflation

13.Whichofthefollowingprogramsmeetsthecreditneedsofpoorwomen?

a)MahilaSamriddhiYojna
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b)RashtriyaMahilaKosh
c)IndiraMahilaYojna
d)MahilaSamakhyaProgramme

14.Nationalincomeisthe

a)NetNationalProductatMarketprice
b)NetNationalproductatfactorcoast
c)netdomesticproductatmarketprice
d)netdomesticproductatfactorcost

15.Whichofthefollowingprogramsaimsatthepromotionofsavingsamongrural
women?

b)RashtriyaMahilaKosh
c)MahilaSamriddhiYojna
d)IndiraMahilaYojna
e)JavharRozgarYojna

Answers
1.incometax
2.1952
3.stampduties
4.GATT
5.1991
6.ThirdPlan
7.taxsystem
8.socialisteconomy
9.coexistenceofprivateandpublicsectors
10.grossnationalproductatmarketprices
11.COFEPOSA
12.NationalIncomedeflation
13.RashtriyaMahilaKosh
14.netdomesticproductatmarketprice
15.MahilaSamriddhiYojna
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CHAPTER5
1.Whathappenstomarginalcostwhenaveragecostincreases

a)Marginalcostisbelowaveragecost
b)Marginalcostisaboveaveragecost
c)Marginalcostisequaltoaveragevariablecost
d)Marginalcostisequaltoaveragecost

2.Developmentmeanseconomicgrowthwith

a)pricestability
b)socialchange
c)inflation
d)deflation

3.Whichoneofthefollowingismoreeffectiveincontrollingpricesinthelongrun?

a)decreaseinproduction
b)increaseinproduction
c)decreaseintherateofinterest
d)increaseintherateofemployment

4.Throughopenmarketoperations,theRBIpurchaseandsell

a)foreignexchange
b)gold
c)governmentsecurities
d)allofthese

5.Afirmissaidtobeofoptimumsizewhen
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a)averagetotalcostisataminimum
b)marginalcostisataminimum
c)marginalcostisequaltomarginalrevenue
d)thefirmismaximizingitsprofit

6.Allrevenuesreceived,loansraisedandmoneyreceivedinrepaymentofloansbythe
Uniongovernmentgointo

a)PublicaccountofIndia
b)ContingencyfundofIndia
c)ConsolidatedfundofIndia
d)Noneoftheabove

7.Thelawofdemandstatesthat

a)demandincreaseswithincreaseinincome
b)whenincomeandpricesrise,thedemandalsorises
c)whenpricefalls,demandincreases
d)whenpriceincreases,demandincreases

8.Thebalanceofpaymentcomprises

a)acurrentaccountofgoodsandservicesonly
b)acapitalaccountoffinancialassetsonly
c)officialsettlementaccountsonly
d)allofthese

9.WhatisNetNationalProduct?

a)Themoneyvalueoffinalgoodsandservicesproducedannuallyintheeconomy
b)Themoneyvalueofannualservicegenerationintheeconomy
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c)Themoneyvalueoftangiblegoodsproducedannuallyintheeconomy
d)Themoneyvalueoftangiblegoodsavailableintheeconomy

10.Otherthingsbeingequal,whatcausesadecreaseindemand?

a)riseinthepriceofthesubstitute
b)fallinthepriceofthecommodity
c)riseintheincomeoftheconsumer
d)riseinthepriceofthecommodity

11.Deflationis

a)deficitbudget
b)reductionintaxation
c)contractioninvolumeofmoneyorcreditthatresultsinadeclineofpricelevel
d)increaseinpublicexpenditure

12.Bankratemeans

a)interestratechargedbymoneylenders
b)interestratechargedbyscheduledbanks
c)rateofprofitofthebankinginstitution
d)theofficialrateofinterestchargedbythecentralbankofthecountry

13.WhichagencyestimatesthenationalincomeofIndia?

a)ReserveBankofIndia
b)PlanningCommission
c)MinistryofFinance
d)CentralStatisticalOrganization

14.WhatisGrossNationalProduct?
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a)thetotaloutputofgoodsandservicesproducedbythecountryseconomy
b)thetotaldomesticandforeignoutputclaimedbyresidentsofthecountry
c)thesumofgrossdomesticproductandinvestment
d)nationalincomeminusnationalexpenditure

15.TheGovernmentofIndiaacquiredtheownershipandcontrolofmajorbanksin1969
whosedepositswerenotlessthan

a)Rs40crore
b)Rs50crore
c)Rs60crore
d)Rs80crore

16.Whatarecostswhichvarywithoutputcalled?

a)overheadcosts
b)indirectcosts
c)primecosts
d)alloftheabove

17.Whichofthefollowingisknownasplasticmoney?

a)bearercheques
b)creditcards
c)demanddrafts
d)giftcheques

18.TogettheNetNationalProduct,wedeductwhatfromtheGrossNationalProduct?

a)directtaxes
b)imports
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c)interimpayments
d)loss

19.Whatisthemainpurposeofcurrency?

a)standardofpostponedpayments
b)standardofmoney
c)mediumofexchange
d)noneofthese

20.Whatdoesdevaluationofacurrencymean?

a)decreaseintheinternalvalueofmoney
b)decreaseintheexternalvalueofmoney
c)decreasebothintheexternalandinternalvaluesofmoney
d)noneofthese

21.Whichofthefollowingisnotadirecttax?

a)estateduty
b)agriculturalincometax
c)stateexcise
d)corporationtax

22.WhichoneofthefollowingwassetupduringtheSeventhFiveYearPlantohelpthe
lowincomegroups?

a)NABARD
b)Regionalruralbank
c)NationalHousingBank
d)UTIBank

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23.ThelaunchingoffiveyearplansinIndiasawtheintroductionof

a)mixedeconomy
b)socialisteconomy
c)capitalisteconomy
d)closedeconomy

24.LanddevelopmentbanksinIndiaareownedbythe

a)RBI
b)Stategovernments
c)Commercialbanks
d)Cooperativesocieties

25.Whichofthefollowingtaxesisleviedandcollectedbytheunion,butassignedtothe
states?

a)salestax
b)octroi
c)excise
d)consignmenttax

Answers
1.Marginalcostisaboveaveragecost
2.socialchange
3.increaseinproduction
4.allofthese
5.averagetotalcostisataminimum
6.ConsolidatedfundofIndia
7.whenpricefalls,demandincreases
8.allofthese
9.Themoneyvalueoffinalgoodsandservicesproducedannuallyintheeconomy
10.riseinthepriceofthecommodity
11.contractioninvolumeofmoneyorcreditthatresultsinadeclineofpricelevel
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12.theofficialrateofinterestchargedbythecentralbankofthecountry
13.CentralStatisticalOrganization
14.thetotaldomesticandforeignoutputclaimedbyresidentsofthecountry
15.Rs50crore
16.overheadcosts
17.creditcards
18.loss
19.mediumofexchange
20.decreaseintheexternalvalueofmoney
21.agriculturalincometax
22.NABARD
23.mixedeconomy
24.Cooperativesocieties
25.consignmenttax

CHAPTER6

1.WhichisthelargestcommercialbankinIndia?

a)ReserveBankofIndia
b)StateBankofIndia
c)ICICIBank
d)BankofIndia

2.BankofHindustanistheoldestbankinIndia.Whendiditstartfunctioning?

a)1990
b)1770
c)1885
d)1892

3.TheBankofCalcutta,BankofBombayandBankofMadrasweremergedin1921to
form

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a)ReserveBankofIndia
b)ImperialBankofIndia
c)BankofIndia
d)UnionBankofIndia

4.WhenwastheReserveBankofIndiaestablished?

a)1935
b)1920
c)1928
d)1947

5.WhenwastheImperialBankofIndianationalizedtoformtheStateBankofIndia?

a)1947
b)1949
c)1951
d)1955

6.TheReserveBankofIndiawasnationalizedin?

a)1947
b)1948
c)1950
d)1956

7.WhatisaBankwhichhascapitalandreservesofoverRs.5lakhscalled?

a)NationalBank
b)CooperativeBank
c)ScheduledBank
d)UnscheduledBank

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8.TheExportImport(EXIM)Bankwassetupin

a)1982
b)1983
c)1987
d)1985

9.WhichofthefollowinghasthesolerightofissuingpapernotesinIndia?

a)UnionGovernment
b)ReserveBankofIndia
c)MinistryofFinance
d)SupremeCourt

10.InIndia,coinsandsubsidiarycoinsareissuedby

a)UnionGovernment
b)ReserveBankofIndia
c)MinistryofFinance
d)SupremeCourt

11.Whichofthefollowingisentrustedwiththetaskofreceivingallmoneyonbehalfof
theGovernmentasalsowiththetaskofmakingpaymentsontheirbehalf?

a)StateBankofIndia
b)ReserveBankofIndia
c)MinistryofFinance
d)UnionParliament

12.WhenwastheInternationalMonetaryFund(IMF)established?

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a)1944
b)1945
c)1948
d)1950

13).DecisiontakenatBrettonWoodsConferenceledtotheformationof

a)IDA
b)IMF
c)ADB
d)IFC

14.TheInternationalBankforReconstructionandDevelopment(IBRD)isbetterknownas

a)WorldBank
b)AsianDevelopmentBank
c)IMF
d)Itisknownbyitsname

15.WhichsisterorganizationoftheWorldBankprovideslongtermloansatzerointerest
tothepoorestdevelopingcountries?

a)AsianDevelopmentBank
b)IMF
c)InternationalDevelopmentalAssociation
d)InternationalFinanceCorporation

16.TheInternationalFinanceCorporation(IFC)wasestablishedin?

a)1956
b)1972
c)1985
d)1960
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17.WhereistheheadquartersofAsianDevelopmentBank(ADB)situated?

a)Manila
b)Delhi
c)Bangkok
d)HongKong

18.WhichsisterorganizationoftheWorldBankhelpsprivateactivityindeveloping
countriesbyfinancingprojectswithlongtermcapitalintheformofequityandloans?

a)AsianDevelopmentBank
b)IMF
c)InternationalDevelopmentalAssociation
d)InternationalFinanceCorporation

19.WhoisknownastheFatherofEconomics?

a)AdamSmith
b)Chanakya
c)Machiavelli
d)Noneofthese

20.WhichwasthefirstIndianBanktointroducecreditcard?
a
d)ICICI

21.WhendidIndiabecomeamemberoftheIMF?

a)1947
b)1956
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c)1960
d)1951

22.EuroisthecurrencyofEuropeanUnion.Whendiditcomeintobeing?

a)1999
b)1995
c)2000
d)2001

23.WhendidtheForeignExchangeRegulationAct(FERA)comeintobeing?

a)1973
b)1975
c)1980
d)1981

24.WhendidRegionalRuralBanksstartfunctioninginIndia?

a)1975
b)1947
c)1956
d)1960

25.InIndia,incometaxisleviedby

a)UnionGovernment
b)StateGovernments
c)MinistryofFinance
d)RBI

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Answers

1.StateBankofIndia
2.1770
3.ImperialBankofIndia
4.1935
5.1955
6.1948
7.ScheduledBank
8.1982
9.ReserveBankofIndia
10.MinistryofFinance
11.ReserveBankofIndia
12.1944
13.IMF
14.WorldBank
15.InternationalDevelopmentalAssociation
16.1956
17.Manila
18.InternationalFinanceCorporation
19.AdamSmith
20.CentralBankofIndia
21.1947
22.1999
23.1973
24.1975
25.UnionGovernment

CHAPTER7

1.TheSecuritiesandExchangeBoardofIndia(SEBI)wasestablishedin

a)1992
b)1947
c)1990
d)1976
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2.WhichFiveyearPlanisbeingimplementedatpresent?

a)Eleventh
b)Eighth
c)Ninth
d)Tenth

3.Whichofthefollowingisnotadirecttax?

a)Salestax
b)Incometax
c)Wealthtax
d)Estateduty

4.WhoistheexofficiochairmanofPlanningCommission?

a)PrimeMinister
b)President
c)ChiefJusticeofSupremeCourt
d)SpeakerofLokSabha

5.TheIndianeconomyis

a)Capitalist
b)Socialistic
c)Mixed
d)Federal

6.Whichcertificationindicatesaguaranteeofqualityforagriculturalfoodproductslike
ghee,honey,etc.?

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a)ISI
b)Agmark
c)BIS
d)Allofabove

7.WhowasthefirstchairmanofthePlanningCommission?

a)Dr.S.Radhakrishnan
b)JawaharlalNehru
c)Dr.RajendraPrasad
d)Dr.M.Vishveshwaraya

8.WhoistheDeputyChairmanofPlanningCommissionatpresent?

a)MontekSinghAhluwalia
b)BBalakrishnan
c)ManmohanSingh
d)AnilKakodkar

9.InIndiafarmcreditisregulatedby

a)SBI
b)RBI
c)NABARD
d)UnionGovernment

10.Thetermofthe11thFiveYearPlanis

a)20072012
b)20052010
c)20082013
d)20062011
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11.WhenwastheTataIron&SteelCompanysetupatJamshedpur?

a)1907
b)1911
c)1914
d)1921

12.IntermsofsizewhatpositiondoestheIndianeconomyoccupyintheworld?

a)10th
b)12th
c)7th
d)9th

13.WhenwastheGeneralInsuranceCorporationofIndiaformed?

a)1982
b)1972
c)1956
d)1935

14.WhichFiveYearPlanhadadoptedRemovalofPovertyasitsforemostobjective?

a)Second
b)Third
c)Fourth
d)Sixth

15.Duringthefinancialyear200708IndiarecordedaGDPgrowthof

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a)8%
b)8.5%
c)9.1%
d)9.7%

16.Theeconomicliberalizationwasintroducedin

a)1991
b)1990
c)1985
d)1988

17.WhichindustryprovidesthelargestemploymentinIndia?

a)Chemicals
b)Textiles
c)Ironandsteel
d)Jute

18.ThehighestdenominationbanknotebeingincirculationinIndiais

a)500rupeenote
b)1000rupeenote
c)5000rupeenote
d)2000rupeenote

19.WhichperioddidtheFirstFiveyearPlancover?

a)194752
b)195156
c)195055
d)195257

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20.WhofinallyapprovestheFiveYearPlan?

a)ThePresident
b)ThePrimeMinister
c)TheNationalDevelopmentCouncil
d)ThePlanningCommission

21.WhenwastheDecimalcurrencysystemintroducedinIndia?

a)January1955
b)April1955
c)April1951
d)April1957

22).TheIndianrupeeisalegaltenderintwoothercountries.OneisNepal.Theotheris

a)Pakistan
b)SriLanka
c)Bhutan
d)Afghanistan

23.Keralasshoresarefamousforthedepositsof

a)Copper
b)Coal
c)Thorium
d)Ironore

24.WhichofthefollowingtaxesisthelargestsourceofrevenuefortheGovernmentof
India?

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a)Excise
b)Customs
c)Incometax
d)Corporationtax

25.TheNationalStockExchange(NSE)islocatedat

a)Mumbai
b)NewDelhi
c)Madras
d)Calcutta

Answers

1.1992
2.Eleventh
3.Salestax
4.PrimeMinister
5.Mixed
6.Agmark
7.JawaharlalNehru
8.MontekSinghAhluwalia
9.NABARD
10.20072012
11.1907
12.12th
13.1972
14.Sixth
15.9.1%
16.1991
17.Textiles
18.1000rupeenote
19.195156
20.TheNationalDevelopmentCouncil
21.April1957
22.Bhutan
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23.Thorium
24.Excise
25.Mumbai

CHAPTER8
1.TheaimofwhichFiveYearPlanwastocorrectthedisequilibriumintheeconomy?

a)FirstFiveyearplan
b)SecondFiveyearplan
c)ThirdFiveyearplan
d)Fourthfiveyearplan

2.WhichofthefollowingistheCentralbankofIndia?

a)StateBankofIndia
b)ReservebankofIndia
c)ImperialBankofIndia
d)PunjabNationalbank

3.TheReserveBankofIndiacameintoexistenceon

a)April1,1936
b)January26,1894
c)August15,1947
d)April1,1947

4.WhichofthefollowingwasthefirstIndianbank?

a)BankofBaroda
b)BankofHindustan
c)PunjabNationalBank
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d)StateBankofIndia

5.InwhichofthefollowingyearswaspowerdevelopmentinitiatedinIndia?

a)1900
b)1905
c)1911
d)1915

6.Howmanybankswerenationalizedin1969?

a)10
b)12
c)13
d)14

7.WhowasthePrimeMinisterofIndiawhennationalizationofbankstookplacein1969?

a)IndiraGandhi
b)JawaharlalNehru
c)LalBahadurShastri
d)MorarjiDesai

8.Atwhichofthefollowingplaceswasthefirsthydroelectricpowerstation
commissioned?

a)Chambal
b)Damodar
c)Mandi
d)Shivasamudram

9.Garlandcanalprojectenvisagestheconservationofwaterresourcesinthecountry
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throughtheconstructionof

a)dams
b)canals
c)embankments
d)noneofthese

10.ThelargestpercentageofbondedlabourinIndiabelongsto

a)scheduledcastes
b)scheduledtribes
c)otherbackwardclasses
d)noneofthese

11.InwhichofthefollowingyearwastheminingofcoalstartedinIndia?

a)1775
b)1774
c)1800
d)1805

12.WhichofthefollowingisIndiasbiggestdam?

a)BhakraNangal
b)Hirakud
c)Farakka
d)PongDam

13.OnwhichriveristhePongDamhydroelectricpowerprojectbuilt?

a)Ganga
b)Ravi
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c)Beas
d)Hughly

14.InIndiawhichcropissownonthelargestarea?

a)Jowar
b)wheat
c)tobacco
d)rice

15.BakraNangalisajointprojectofHaryana,PunjabandRajasthan.Onwhichriveris
thisbuilt?

a)Yamuna
b)Sindhu
c)Sutlej
d)Ravi

16.OnwhichriveristheHirakuddambuilt?

a)Godavari
b)Kaveri
c)Mahanadi
d)Narmada

17.OnwhichriveristheTehridambuilt?

a)Alakananda
b)Bhagirathi
c)Ganga
d)Hooghly

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18.WhichIndianstateleadsintheproductionofrubber?

a)TamilNadu
b)Kerala
c)Karnataka
d)Gujarat

19.WhichIndianstatetopsintheproductionofgypsum?

a)Gujarat
b)Rajasthan
c)Kerala
d)Karnataka

20.IntohowmanyPINcodezonesisIndiadivided?

a)eight
b)seven
c)six
d)nine

21.Whichstatehasthehighestpercentageofpeoplelivingbelowthepovertyline?

a)UttarPradesh
b)Orissa
c)Bihar
d)MadhyaPradesh

22.WhichofthefollowingisthemostpopulouscityinIndia?

a)Mumbai
b)Delhi
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c)Kolkatta
d)Chennai

23.WhichIndianstatehasthelowestpercentageofpeoplelivingbelowthepovertyline?

a)Punjab
b)Gujarat
c)Karnataka
d)Maharashtra

24.WhichIndianstatehasthehighestpercapitaincome?

a)Haryana
b)Punjab
c)UttarPradesh
d)Karnataka

25.WhichIndianstatestandsfirstintheproductionofcoffee?

a)Kerala
b)Karnataka
c)Assam
d)Gujarat

Answers

1.FirstFiveyearplan
2.ReservebankofIndia
3.April1,1936
4.BankofHindustan
5.1900
6.14
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7.IndiraGandhi
8.Shivasamudram
9.canals
10.scheduledtribes
11.1774
12.BhakraNangal
13.Beas
14.rice
15.Sutlej
16.Mahanadi
17.Bhagirathi
18.Kerala
19.Rajasthan
20.eight
21.Orissa
22.Mumbai
23.Punjab
24.Punjab
25.Karnataka

Nextarticle: TOP100HISTORYGKQUESTIONSFORSSCEXAM

Readalso:

BASICQUESTIONSANDANSWERS
OFINDIANECONOMY

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