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. Which fertilizer contains the highest percentage of nitrogen?
[A] Urea
[B] Ammonium nitrate
[C] Calcium nitrate
[D] Calcium ammonium nitrate

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2. Which institution publishes the World Economic Outlook Report?
[A] Federal Reserve Bank
[B] World Bank
[C] International Monetary Fund
[D] International Finance Corporation

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3. Tea, Coffee, Spices, Coconut, Rubber, Cardamom, Tobacco all together can be kept in which of the following group or groups?
[A] Food Crop
[B] Cash Crops
[C] Food & Cash Crops
[D] Plantation Crops

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4. The minimum interest rate of a bank below which it is not viable to lend, is known as ____:
[A] Reserved Rate
[B] Base Rate
[C] Marginal Rate
[D] Prime Lending Rate

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5. Which Ministry set “Haat to Hypermarket” as the Rural Business Hubs’ objective?
[A] Ministry of Panchayati Raj
[B] Ministry of Corporate Affairs
[C] Ministry of Skill Development and Entrepreneurship
[D] Ministry of Rural Development

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6. What do we call the instruments of monetary policy which directly affect the quantity of money supply?
[A] Quantitative instruments
[B] Qualitative instruments
[C] Money instruments
[D] None of the above

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7. Which of these is a conventional source of energy? (UPSC Prelims 1987)
[A] Geothermal
[B] Coal
[C] Solar
[D] Wind

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8. Who among the following receives subsidies from the government?
[A] Sellers
[B] Buyers
[C] Manufacturers
[D] All of the above

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9. Which economist is the author of “Mathematical Analysis for Economists”?
[A] Jeffrey Sachs
[B] Milton Friedman
[C] R.G.D.Alien
[D] Ernst Fehr

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10. Which sector mainly employs ‘pink-collar workers’?
[A] Tertiary
[B] Primary
[C] Quaternary
[D] Secondary

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