Indian Economy MCQ for Competitive Examination
Q. 31
Largest Milk Producing country in the world is
(A) India
(B) United States of America
(C) China
(D) Brazil
Answer: (A) India
Explanation: N/A
Q. 32
Operation Flood in India is related to the production of
(A) Mustard
(B) Petroleum
(C) Milk
(D) Fish
Answer: (C) Milk
Explanation: N/A
Q. 33
In India, Yellow Revolution is associated with the production of
(A) Tomato
(B) Jute
(C) Eggs
(D) Oil seeds
Answer: (D) Oil Seeds
Explanation: N/A
Q. 34
Which country is known as the Sugar Bowl of the world?
(A) Brazil
(B) Cuba
(C) China
(D) Thailand
Answer: (B) Cuba
Explanation: N/A
Q. 35
The Largest sugar-producing country in the world is
(A) Cuba
(B) China
(C) Brazil
(D) India
Answer: (C) Brazil
Explanation: N/A
Q. 36
India ranks __________________ in the world sugar production.
(A) First
(B) Second
(C) Third
(D) Fourth
Answer: (B) Second
Explanation: N/A
Q. 37
Green Revolution was started in which five-year plan?
(A) First five-year plan
(B) Second five-year plan
(C) Third five-year plan
(D) Fourth five-year plan
Answer: (C) Third five-year plan
Explanation: N/A
Q. 38
National Bank for Agriculture and Rural Development (NABARD) was established in the year
(A) 1982
(B) 1949
(C) 2001
(D) 1992
Answer: (A) 1982
Explanation: N/A
Q. 39
Nabard was established on the recommendation of
(A) Swaminathan Committee
(B) Shivaraman Committee
(C) N. Narasimhan Committee
(D) Mohan Singh Mehta Committee
Answer: (B) Shivaraman Committee
Explanation: N/A
Q. 40
Which among the following is a Kharif crop?
(A) Wheat
(B) Mustard
(C) Rice
(D) Barley
Answer: (C) Rice
Explanation: N/A
Q. 41
The data of estimation of India’s National Income is issued by
(A) Niti Aayog
(B) Central Statistical Organisation
(C) Reserve Bank of India
(D) Ministry of Finance
Answer: (B) Central Statistical Organisation
Explanation: N/A
Q. 42
The first five-year plan was based on
(A) Harrod-Domar Model
(B) P.C. Mahalanobis Model
(C) John. W. Miller Model
(D) Rangarajan Model
Answer: (A) Harrod-Domar Model
Explanation: N/A
Q. 43
Second five-year plan was based on
(A) Mahalanobis Model
(B) Harrod-Domar Model
(C) Rangarajan Model
(D) Borlaug Model
Answer: (A) Mahalanobis Model
Explanation: N/A
Q. 44
Which five-year plan is also known as ‘Gadgil Yojana’?
(A) First five-year plan
(B) Second five-year plan
(C) Third five-year plan
(D) Fourth five-year plan
Answer: (C) Third five-year plan
Explanation: N/A
Q. 45
When was Reserve Bank of India established?
(A) 1949
(B) 1934
(C) 1935
(D) 1950
Answer: (C) 1935
Explanation: N/A
Q. 46
‘Garibi Hatao‘ was a slogan given during which five-year plan?
(A) First five-year plan
(B) Second five-year plan
(C) Third five-year plan
(D) Fourth five-year plan
Answer: (D) Fourth five-year plan
Explanation: N/A
Q. 47
The second five-year plan gave priority to
(A) Agriculture
(B) Services
(C) Heavy industry
(D) Foreign trade
Answer: (C) Heavy industry
Explanation: N/A
Q. 48
In which year rolling plan was introduced?
(A) 1978
(B) 1975
(C) 1979
(D) 1985
Answer: (A) 1978
Explanation: N/A
Q. 49
Integrated Rural Development Programme (IRDP) was introduced during which five-year plan?
(A) Second
(B) Third
(C) Fifth
(D) Sixth
Answer: (D) Sixth
Explanation: N/A
Q. 50
Which of the following sector was given preference in the first five-year plan?
(A) Agriculture
(B) Industry
(C) Service
(D) Mining
Answer: (A) agriculture
Explanation: N/A
Q. 51
State Bank of India was previously known as
(A) Imperial Bank of India
(B) Co-operative Bank of India
(C) Integrated Bank of India
(D) Indian Bank
Answer: (A) Imperial Bank of India
Explanation: N/A
Q. 52
The one rupee note bears the signature of
(A) Governor, Reserve Bank of India
(B) Finance Minister
(C) Secretary, Ministry of Finance
(D) Deputy Governor of RBI
Answer: (C) Secretary, Ministry of Finance
Explanation: N/A
Q. 53
SIDBI stands for
(A) Small Industrial Designed Bank of India
(B) Small Industries Development Bank of India
(C) Small Innovations Development Banker’s Institute
(D) Small Industries Development Banker Institute
Answer: (B) Small Industries Development Bank of India
Explanation: N/A
Q. 54
NABARD stands for
(A) National business for accounting and Reviewing
(B) National Bank for agriculture and rural development
(C) National Bank for aeronautics and radar development
(D) National bureau for air and road transport
Answer: (B) National Bank for agriculture and rural development
Explanation: N/A
Q. 55
Reserve Bank of India was nationalised in the year
(A) 1951
(B) 1935
(C) 1949
(D) 1948
Answer: (C) 1949
Explanation: N/A
Q. 56
Indian economy is an example of a mixed economy because
(A) Urban sector coexists with vast rural sector
(B) Traditional subsistence economy coexists with a modern economy
(C) Private sector coexists with public sector enterprises
(D) Monopoly elements coexist with competitive elements
Answer: (C) Private sector coexists with public sector enterprises
Explanation: N/A
Q. 57
The Industrial Development Bank of India was established in
(A) 1968
(B) 1966
(C) 1964
(D) 1962
Answer: (C) 1964
Explanation: N/A
Q. 58
Plan holiday was declared after
(A) First five-year plan
(B) Second five-year plan
(C) Third five-year plan
(D) Fourth five-year plan
Answer: (D) Fourth five-year plan
Explanation: N/A
Q. 59
Securities and Exchange Board of India was set up in
(A) 1980
(B) 1984
(C) 1988
(D) 1992
Answer: (D) 1992
Explanation: N/A
Q. 60
One rupee notes are issued by
(A) Reserve Bank of India
(B) Government of India
(C) Any nationalised Bank of India
(D) President of India
Answer: (B) Government of India
Explanation: N/A