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MCQ on Indian Economy


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The period of high inflation and low economic growth is termed as:

  • Stagnation
  • Take-off stage in economy
  • Stagflation
  • Depression
Correct Option: C  [ Stagflation ]

Explanation:

In India, present trend of rapid urbanization is due to:

  • lack of employment opportunities in rural areas
  • influence of cinema and electronic media
  • break up of joint family system
  • abolition of zamindari tystem
Correct Option: A  [ lack of employment opportunities in rural areas ]

Explanation:

Which of the following has the highest per capita income ?

  • Delhi
  • Sikkim
  • Haryana
  • Goa
Correct Option: D  [ Goa ]

Explanation:

In India, which sector generally suffers from the problem of surplus labour ?

  • Agriculture
  • Industry
  • Service
  • All of these
Correct Option: A  [ Agriculture ]

Explanation:

A closed economy is an economy in which:

  • the money supply is fully controlled
  • deficit financing takes place
  • only exports take place
  • Neither exports nor imports take place.
Correct Option: D  [ Neither exports nor imports take place. ]

Explanation:

The LPG model of development was introduced by India since:

  • 1991
  • 1992
  • 1993
  • 1994
Correct Option: A  [ 1991 ]

Explanation:

Which period in India is known as plan holiday ?

  • 1961-1966
  • 1965-1966
  • 1966-1969
  • 1969-1974
Correct Option: C  [ 1966-1969 ]

Explanation:

Which prograrnme gave the slogan, Garibi Hatao ?

  • 4th Five Year Plan
  • 5th Five year plan
  • 6th Five Year Plan
  • 7th Five year plan
Correct Option: B  [ 5th Five year plan ]

Explanation:

Sarva Shiksha Abhiyan (SSA) was launched in the IXth Five Year Plan for:

  • education for all
  • education for the weaker sections
  • universalisation of elementary education
  • bridge all the genders and social gaps in education
Correct Option: C  [ universalisation of elementary education ]

Explanation:

Which of the following Committees are related to Banking reforms:
i) Narsimham Committee
ii) P J Nayak Committee
iii) Sunil Mehta Committee
iv) Nachiket Mor Committee

  • (i), (ii) and (iii) only
  • (ii), (iii) and (iv) only
  • (i) and (iv) only
  • (i), (ii), (iii) and (iv)
Correct Option: D  [ (i), (ii), (iii) and (iv) ]

Explanation:
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