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Indian Economy MCQ Question and Answer

1.The Indian state which was the first to release state level Human Development Report in 1995 was

  • AMadhya Pradesh
  • BMaharashtra
  • CKerala
  • DTamil Nadu
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Correct Answer : (A)

Madhya Pradesh
Explanation:

2.The state which has the largest forest cover in India is

  • AMadhya Pradesh
  • BArunachal Pradesh
  • CChattisgarh
  • DOdisha
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Correct Answer : (A)

Madhya Pradesh
Explanation:

3.Unit Trust of India (UTI) was bifurcated (into UTI-I and UTI-II) in

  • Athe year 2005
  • Bthe year 2000
  • Cthe year 2003
  • Dthe year 2001
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Correct Answer : (C)

the year 2003
Explanation:

4.The first Apparel Park in India has been established in

  • APunalur (Kerala)
  • BTirupur (Tamil Nadu)
  • CBoth A and B
  • DNone of the above
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Correct Answer : (B)

Tirupur (Tamil Nadu)
Explanation:

5.In 2024, the number of nationalized banks are

  • A19
  • B17
  • C15
  • D12
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Correct Answer : (D)

12
Explanation:

6.The main rubber producing state in the country is

  • AKerala
  • BTamil Nadu
  • CKarnataka
  • DHyderabad
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Correct Answer : (A)

Kerala
Explanation:

7.Monopolies and restrictive Trade practices (MRTP) act was passed in

  • A1970
  • B1969
  • C1968
  • D1971
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Correct Answer : (B)

1969
Explanation:

8.The first national commission on labours was constituted on

  • ADecember 24, 1966.
  • BDecember 24, 1967
  • CNovember 24, 1966
  • DNovember 24, 1967
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Correct Answer : (A)

December 24, 1966.
Explanation:

9.National Income estimates in India is prepared by

  • APlanning Commission
  • BReserve Bank Of India
  • CCentral Statistical Organisation (CSO)
  • DIndian Statistical Institute
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Correct Answer : (C)

Central Statistical Organisation (CSO)
Explanation:

10.The first multi–purpose river valley project of independent India is

  • ABhakra-Nangal
  • BDamodar
  • CHirakud
  • DNagarjuna Sagar
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Correct Answer : (B)

Damodar
Explanation:

11.Which company has started a rural marketing network called e-Chaupals?

  • AITC
  • BDabur
  • CProctor and Gamble
  • DHindustan liver
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Correct Answer : (A)

ITC
Explanation:

12.Excess of Total Expenditure over total Receipts is

  • ADeficit Budget
  • BSurplus Budget
  • CBalanced Budget
  • DNone of the above
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Correct Answer : (A)

Deficit Budget
Explanation:

13.The first bank of limited liability managed by Indian is

  • AOudh commercial Bank
  • BHindustan Commercial Bank
  • CPunjab National Bank
  • DPunjab and Sind Bank
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Correct Answer : (A)

Oudh commercial Bank
Explanation:

14.Asia’s first Export processing Zone (EPZ) was established in

  • ASurat
  • BCochin
  • CKandla
  • DChennai
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Correct Answer : (C)

Kandla
Explanation:

15.The Twenty Point programme (TPP) conceived with the objective of improving quality of life of people was first initiated in

  • A2006
  • B1975
  • C1980
  • D1982
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Correct Answer : (B)

1975
Explanation:

16.Who is the author of the book “Man and Economics”?

  • AMyron Scholes
  • BRobert Mundel
  • CRudi Dornbusch
  • DGeorge Akerlof
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Correct Answer : (B)

Robert Mundel
Explanation:

17.The concept of zero-based budgeting was given by

  • APeter A. Payer
  • BPeter drucker
  • CJagdish bhagwati
  • DNone of these
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Correct Answer : (A)

Peter A. Payer
Explanation:

18.When personal direct taxes are subtracted from personal income the obtained value is called

  • AGross Domestic Product (GDP)
  • BNational Income
  • CGross National Product (GNP)
  • DPersonal Income
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Correct Answer : (C)

Gross National Product (GNP)
Explanation:

19.SEBI which was established in April 1988 stands for

  • AShare and Exchange Board of India
  • BSecurities and Exchange Board of India
  • CSecurities and Exchange Bureau of India
  • DSecurity and Economic Board of India
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Correct Answer : (B)

Securities and Exchange Board of India
Explanation:

20.Unit Trust of India (UTI) was established in

  • A1964
  • B1966
  • C1968
  • D1970
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Correct Answer : (A)

1964
Explanation:

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