Indian Economy MCQs

General knowledge about Indian Economy . Learn Indian Economy MCQs Perfect for competitive exams and general awareness.

Q1. Which of the following sectors has the highest contribution in savings ?
(a) banking and finance sector
(b) export sector
(c) domestic sector
(d) private corporate sector

(c) domestic sector

Q2. Who is called the pioneer of liberalisation in Indian economy ?
(a) Dr. Manmohan Singh
(b) P.V. Narasimha Rao
(c) Dr. Vimal Jalan
(d) P. Chidambaram

(a) Dr. Manmohan Singh

Q3. Which is not a source of agricultural finance in India ?
(a) cooperative societies
(b) commercial banks
(c) regional rural banks
(d) none of these

(d) none of these

Q4. The Kissan Credit Card Scheme was started in the year –
(a) 2004-05
(b) 2000-01
(c) 1998-99
(d) 1995-96

(c) 1998-99

Q5. Which was the first country to make law about Corporate Social Responsibility ?
(a) America
(b) Russia
(c) England
(d) India

(d) India

Q6. The industry Nepanagar is known for is –
(a) cement
(b) fertilizer
(c) handlooms
(d) news print

(d) news print

Q7. OIL is an enterprise engaged in –
(a) oil import
(b) oil refining
(c) oil exploration
(d) oil marketing

(c) oil exploration

Q8. Repayment of loans is an item of –
(a) revenue expenditure
(b) capital expenditure
(c) plan expenditure
(d) none of the above

(a) revenue expenditure

Q9. Who started tax on income in India ?
(a) Sir Charles Wood
(b) Lord McHail
(c) James Wilson
(d) William Jones

(c) James Wilson

Q10. During which five year plan was the Emergency imposed, new elections held and Janata Party elected ?
(a) Third
(b) Fourth
(c) Fifth
(d) Sixth

(c) Fifth

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