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. Who is the first India born woman economist to become chief economist at International Monetary Fund?
[A] Arundhati Bhattacharya
[B] Gita Gopinath
[C] Chanda Kochhar
[D] None of the above
Show Answer
Correct Answer: B [Gita Gopinath]
Notes:
Indian Born Gita Gopinath became the first woman ever and second India-born to hold the prestigious post of Chief Economist to IMF in 2019. The first India-born to hold the top position at IMF was former RBI governor Raghuram Rajan.
12. Which among the following is not a part of horticulture production?
[A] Apples
[B] Mangoes
[C] Sugarcane
[D] Pineapple
Show Answer
Correct Answer: C [Sugarcane]
Notes:
Horticulture is the branch of agriculture concerned with cultivation, production and sale of fruits, vegetables, flowers, herbs, ornamental or exotic plants. Sugarcane is a cash crop and not a horticulture.
13. Which virus mainly affects birds but has caused human deaths?
[A] H1N1 (swine flu)
[B] H5N1 (avian influenza)
[C] H3N2 (seasonal flu)
[D] H7N9 (avian influenza subtype)
Show Answer
Correct Answer: B [H5N1 (avian influenza)]
Notes:
H5N1 is a subtype of avian influenza first detected in 1996. It has caused documented human infections since 1997. The virus primarily affects birds but has spread to humans through direct contact with infected poultry. H5N1 has a high human case fatality rate, with nearly 50% of about 900 reported cases worldwide resulting in death as of 2023. Human-to-human transmission is rare.
14. Where is the headquarters of Central Wool Development Board located?
[A] Jodhpur
[B] Pune
[C] Hyderabad
[D] Ludhiana
Show Answer
Correct Answer: A [Jodhpur]
Notes:
Central Wool Development Board is located at Jodhpur. It was formed by the Ministry of Textiles, Government of India, in 1987, with the primary objective of developing the domestic wool textiles industry by undertaking support programmes.
15. Which iconic archaeological sites in Uttar Pradesh were selected under Budget 2026?
[A] Taj Mahal & Fatehpur Sikri
[B] Taj Mahal & Sarnath
[C] Taj Mahal, Fatehpur Sikri & Sarnath
[D] Taj Mahal, Agra Fort, Fatehpur Sikri & Sarnath
Show Answer
Correct Answer: C [Taj Mahal, Fatehpur Sikri & Sarnath]
Notes:
Union Budget 2026 listed 15 iconic archaeological sites for development as cultural destinations. In Uttar Pradesh, Taj Mahal, Fatehpur Sikri, and Sarnath were included in this list. Agra Fort was not selected among these 15 sites. Taj Mahal and Fatehpur Sikri are in Agra district. Sarnath is located near Varanasi city.
16. In which year was the National Agricultural Cooperative Marketing Federation of India Ltd (NAFED) established?
[A] 1958
[B] 1960
[C] 1949
[D] 1951
Show Answer
Correct Answer: A [1958]
Notes:
National Agricultural Cooperative Marketing Federation of India Ltd (NAFED) is an apex organization of marketing cooperatives for agricultural produce in India, under the Ministry of Agriculture, Government of India. It was founded on the birthday of Mahatma Gandhi on 2 October 1958 to promote the trade of agricultural produce and forest resources across the nation. NAFED headquarters in New Delhi.
17. Which among the following related to the green revolution?
[A] Use of ground water for irrigation
[B] Growing more types of crops
[C] Increasing of forests
[D] Use of High Yielding variety of seeds
Show Answer
Correct Answer: D [Use of High Yielding variety of seeds]
Notes:
The Green Revolution in India is the period of time when agriculture was improved. It is mainly due to the adoption of modern methods and technology like high yielding variety seeds (HYV seeds) and Usage of artificial fertilizers.
18. Which formula is used to calculate the weighted mean of the sectors in the Index of Industrial Production (IIP)?
[A] Paasche’s formulae
[B] Laspeyres’ formula
[C] Lucke formulae
[D] None of the above
Show Answer
Correct Answer: B [Laspeyres’ formula]
Notes:
Laspeyres’ formula is used to calculate the weighted mean of the sectors in the Index of Industrial Production (IIP).
19. How often does MoSPI release India’s Consumer Price Index (CPI)?
[A] Monthly
[B] Weekly
[C] Yearly
[D] Daily
Show Answer
Correct Answer: A [Monthly]
Notes:
The Consumer Price Index (CPI) for India is released every month by the Ministry of Statistics and Programme Implementation. The latest CPI series uses base year 2024=100. The CPI release date for each month follows a pre-announced schedule. The CPI measures inflation for goods and services purchased by households and is computed using data from the Household Consumption Expenditure Survey 2023-24.
20. What is geopolymer cement mainly composed of?
[A] Calcium silicates
[B] Aluminosilicates (aluminum and silicon)
[C] Portland clinker
[D] Organic polymers
Show Answer
Correct Answer: B [Aluminosilicates (aluminum and silicon)]
Notes:
Geopolymer cement is synthesized from aluminosilicate materials such as fly ash and metakaolin. In geopolymerization, aluminosilicate sources react with alkali activators, forming a three-dimensional Si-O-Al network. Geopolymer cement does not use Portland clinker or calcium silicates. It is produced at ambient or lower temperatures. Its main binding components are aluminum and silicon derived from industrial byproducts rich in aluminosilicates.
