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 of the following is the distribution of the burden of paying a tax?
[A] Sharing of tax burden
[B] Shifting of the tax
[C] Incidence of a tax
[D] Tax capitalization

Show Answer

12. In which type of remittances, money is transferred from one country to another?
[A] Foreign Remittance
[B] Digital Remittance
[C] Blockchain Remittance
[D] None of the above

Show Answer

13. The demand for heavy loans can lead to which of the following?
[A] excess funds for banks
[B] Deficiencies for banks
[C] Organized reservation
[D] Competitive reservations

Show Answer

14. Reduction of which of the following was the prime concern of the Uruguay round of negotiations?
[A] The debt burden of developing countries.
[B] Restrictions on the operation of a flexible exchange rate system.
[C] Restrictions on trade in agriculture and services.
[D] Restrictions on fishing rights on the high seas.

Show Answer

15. Which among the following economic systems doesn’t have profit-making as motive?

  1. Socialist
  2. Market
  3. Mixed
  4. Traditional

Choose the correct option from the choices given below:

[A] 1 and 2
[B] 2 and 3
[C] 3 and 4
[D] 1 and 4

Show Answer

16. Which is the largest Sesame producing country in the world?
[A] Nepal
[B] India
[C] Myanmar
[D] Tanzania

Show Answer

17. Which state is the largest Banana producing state?
[A] Tamil Nadu
[B] Gujarat
[C] Maharashtra
[D] Andhra Pradesh

Show Answer

18. Which country is the largest producer of buffalo meat?
[A] India
[B] Bangladesh
[C] Australia
[D] None of the above

Show Answer

19. How many major Fishing harbors are there in India?
[A] 4
[B] 6
[C] 7
[D] 9

Show Answer

20. Where is the headquarters of Central Wool Development Board located?
[A] Jodhpur
[B] Pune
[C] Hyderabad
[D] Ludhiana

Show Answer