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. Micro or Small Enterprise (as defined in the MSMED Act 2006) may be said to have become Sick, if?
[A] Any of the borrowal account of the enterprise remains NPA for ten months or more
[B] Any of the borrowal account of the enterprise remains NPA for eight months or more
[C] Any of the borrowal account of the enterprise remains NPA for five months or more
[D] Any of the borrowal account of the enterprise remains NPA for three months or more
Show Answer
Correct Answer: D [Any of the borrowal account of the enterprise remains NPA for three months or more]
Notes:
Micro or Small Enterprise (as defined in the MSMED Act 2006) may be said to have become Sick, if any of the borrowal account of the enterprise remains NPA for three months or more.
12. Which of the following is component of capital market?
[A] Equity market
[B] Debt market
[C] Derivative market
[D] All of the above
Show Answer
Correct Answer: D [All of the above]
Notes:
There are three component of capital market are:- EQUITY MARKET, DEBT MARKET and DERIVATIVE MARKET.
13. Who is the autor of the book “Utilitarianism”?
[A] Jermy bentham
[B] Immanuel Kant
[C] J S Mill
[D] David Ricardo
Show Answer
Correct Answer: C [J S Mill]
Notes:
JS mill’s book utilitarianism is a series of articles published in Frazer’s magazine. Mill’s aim in the book is to explain what utilitarianism is, to show why it is the best theory of ethics, and to defend it against a wide range of criticisms and misunderstandings.
14. Which economist is the author of “Mathematical Analysis for Economists”?
[A] Jeffrey Sachs
[B] Milton Friedman
[C] R.G.D.Alien
[D] Ernst Fehr
Show Answer
Correct Answer: C [R.G.D.Alien]
Notes:
Mathematical Analysis for Economists written by R.G.D.Allen. This work has been selected by scholars as being culturally important, and is part of the knowledge base of civilization as we know it. This work was reproduced from the original artifact and remains as true to the original work as possible
15. Which economic system is known as the Keynesian Economic system?
[A] Market economic system
[B] Mixed economic system
[C] Socialist economic system
[D] None of the above
Show Answer
Correct Answer: B [Mixed economic system]
Notes:
The mixed economic system combines the command economy and free-market economy, so it has the features of both of these two economic systems. It is also known as the Keynesian economic system or dual economic system.
16. Which Irrigation system cannot be used for growing Paddy?
[A] Sprinkler
[B] Canal
[C] Tank
[D] Well
Show Answer
Correct Answer: A [Sprinkler]
Notes:
Sprinkler irrigation is spraying of water in the air which is not sufficient for the growth of paddy. Paddy needs flooding in the area.
17. Which Indian state leads in poultry meat production in 2024-25?
[A] West Bengal
[B] Uttar Pradesh
[C] Haryana
[D] Andhra Pradesh
Show Answer
Correct Answer: C [Haryana]
Notes:
Haryana is the leading poultry meat producing state in India with a production of 352 thousand metric tonnes (000′ MT), followed by West Bengal at 328 thousand metric tonnes. Uttar Pradesh ranks third with 270 thousand metric tonnes, while Tamil Nadu produces 226 thousand metric tonnes. Maharashtra completes the top five with a production of 144 thousand metric tonnes, according to data from the Department of Animal Husbandry, Dairying and Fisheries (DAHD).
18. Which silkworm is reared mostly for sericulture in India?
[A] Antheraea paphia
[B] Bombyx mori
[C] Philosamia synthia ricini
[D] None of the above
Show Answer
Correct Answer: B [Bombyx mori]
Notes:
India produces four kinds of silk: mulberry, tasar, muga and eri. The silkworm Bombyx mori is fed on mulberry leaves cultivated in plantations. Mulberry is the most cultivated silk and Bombyx mori is most feared.
19. What is the initial corpus for Stand up India scheme?
[A] 5000 crores
[B] 10,000 crores
[C] 15,000 crores
[D] 20,000 crores
Show Answer
Correct Answer: B [10,000 crores]
Notes:
Stand up India was launched to promote entrepreneurship among SC,ST and women. It was launched with a corpus of 10,000 crore with SIDBI.
20. Which country is the world’s largest gold producer?
[A] Russia
[B] China
[C] Australia
[D] USA
Show Answer
Correct Answer: B [China]
Notes:
China produced over 370 tons of gold in 2023, the highest globally. Russia produced around 330 tons, while Australia and the USA produced approximately 320 tons and 180 tons, respectively. China’s major gold mining areas include Shandong and Henan provinces. China has held the top position in global gold production since 2007 as per World Gold Council data.
