Indian Economy MCQs

Indian Economy Multiple Choice Questions (MCQs) for SSC, State and all One Day Examinations of India. Objective Questions on Indian Economy for competitive examinations.

1. Approximately what fraction of India’s rubber is produced by Kerala?
[A] 60%
[B] 70%
[C] 80%
[D] 90%

Show Answer

2. If a person is not satisfied with the decision passed by the Banking Ombudsman, he/ she can approach the appellate authority against the Banking Ombudsmen’s decision. The Appellate Authority is vested in which among the following?
[A] Managing Director of the Concerned Bank
[B] Governor of Reserve Bank of India
[C] Deputy Governor of Reserve Bank of India
[D] High Court of the state in which Bank Branch is located

Show Answer

3. Which of the following fertilizers has highest nitrogen content? 
[A] Calcium Nitrate
[B] Anhydrous Ammonia
[C] Urea
[D] Ammonium Nitrate

Show Answer

4. Which among the following economic activities would contribute in increasing the deficit in current account?
1. Outsourcing of Goods
2. Outsourcing of services
3. Increase in domestic tourism
4. Increase in foreign tourist arrival
Select the correct option from the codes given below:
[A] Only 1
[B] Only 1 & 2
[C] Only 1, 2 & 3
[D] Only 1, 2 & 4

Show Answer

5. Consider the following places:

  1. Mumbai
  2. Hyderabad
  3. Kolkata
  4. Noida

Which of the above are known for coin minting in India?

[A] 1, 2 & 3 Only
[B] 2 & 4 Only
[C] 2, 3 & 4 Only
[D] 1, 2, 3 & 4

Show Answer

6. The Financial Action Task Force (FATF) is an initiative of:
[A] SAARC
[B] IMF
[C] BRICS
[D] G7 countries

Show Answer

7. Who among the following advocated the adoption of ‘ PURA’ model to eradicate rural poverty?
[A] Dr. A.P.J. Abdul Kalam
[B] Sri Abhijit Sen
[C] Moulana Abdul Kalam Azad
[D] Prof. A.M. Patha

Show Answer

8. Which is the longest irrigation canal in India?
[A] East Kosi Canal
[B] Sir hind Canal
[C] Yamuna Canal
[D] Indira Gandhi Canal

Show Answer

9. Which of the following curves represents the demand of all consumers in the market taken together at different levels of the price of the good?
[A] Monotonic
[B] Indifferent
[C] Market demand
[D] Diminishing

Show Answer

10. Micro credit or micro finance is a novel approach to bank with the poor. In this approach bank credit is extended to the poor through which of the follwing?
[A] Self Help Groups
[B] Anganwadees
[C] Co-operative Credit Societies
[D] RBI

Show Answer