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.

11. Which mineral is India the largest producer and exporter of?
[A] Cotton
[B] Mica
[C] Tea
[D] Copper

Show Answer

12. What does financial inclusion refer to?
[A] Retail banking
[B] Access to affordable financial services for underserved individuals and businesses
[C] Financial statements
[D] Wholesale banking

Show Answer

13. What is investment by FIIs in Indian company bonds and shares called?
[A] Foreign Direct Investment (FDI)
[B] Foreign Portfolio Investment (FPI)
[C] Domestic Institutional Investment (DII)
[D] Non-Resident Indian (NRI) Investment

Show Answer

14. Which industry employs the most workers in India? (UPSC Prelims 1988)
[A] Jute
[B] Sugar
[C] Textiles
[D] Iron and Steel

Show Answer

15. What is the primary basis for defining a small-scale industry in India? (UPSC Prelims 1992)
[A] The market outreach of a unit
[B] The size of annual turnover
[C] Investment in plant and machinery
[D] Products listed by the Ministry of Industry

Show Answer

16. When does a monopoly by a specific business entity occur in the market?
[A] When there are numerous buyers and sellers
[B] When homogeneous products flood the market
[C] When a distinctive product is exclusively sold by a single seller
[D] When firms are merely price takers

Show Answer

17. During which five-year plan the Private sector was given priority over the public sector?
[A] 5th
[B] 7th
[C] 6th
[D] 8th

Show Answer

18. Which five-year plan has the objective of  “Faster and more inclusive growth”?
[A] 10th
[B] 11th
[C] 9th
[D] 12th

Show Answer

19. Which advancement most reduced agricultural emissions while boosting productivity?
[A] Labor-saving machinery and mechanization
[B] Land productivity improvements like better seeds and precision fertilizer use
[C] Increased irrigation systems
[D] Expansion of agricultural land area

Show Answer

20. Which of the following is classified as a Rabi crop?
[A] Rice
[B] Mustard
[C] Maize
[D] Cotton

Show Answer