Economy

Indian Economy Question and Answer – Economic and commercial developments for competitive examinations are an important subject, especially for examinations like banks, UPSC and IAS. There are a number of questions based on Indian Economy, Monetary Policy, Agriculture, Five Year Plan, Mixed Economy, Latest Economy Current Affairs, which are here to keep you updated and get success in the interview.

1. What is ‘Shadow Banking’?
Question Asked : UP PCS Review Officer/Asst. Review Officer (Pre) Exam, 2014

(A) Outsourcing of banking work by a bank
(B) Financial transactions and other activities of non-banking financial intermediary
(C) Domestic banks’ foreign operations
(D) Foreign bank operating in another country for banking and other activities

2. In the Union Budget of 2015-16 which one of the Pension Schemes has been re introduced?
Question Asked : UP PCS Review Officer/Asst. Review Officer (Pre) Exam, 2014

(A) Ram Manohar Lohia Pension Yojana
(B) Pradhan Mantri Pension Yojana
(C) Atal Pension Yojana
(D) Nirantar Pension Yojana

3. Which State has launched ‘Bhagyashree’ Scheme for Girl Child?
Question Asked : UP PCS Review Officer/Asst. Review Officer (Pre) Exam, 2014

(A) Delhi
(B) Punjab
(C) Maharashtra
(D) Haryana

4. ‘Mission Indradhanush’ of the Union Government is related to
Question Asked : UP PCS Review Officer/Asst. Review Officer (Pre) Exam, 2014

(A) Pulse production
(B) Immunization of children against seven vaccine-preventable diseases
(C) Skill development
(D) Tourism promotion

5. Which City is located on Lake Superior
Question Asked : UP PCS Review Officer/Asst. Review Officer (Pre) Exam, 2014

(A) Chicago
(B) Buffalo
(C) Detroit
(D) Duluth

6. Mexico is the Largest Producer of which Metal?
Question Asked : UP PCS Review Officer/Asst. Review Officer (Pre) Exam, 2014

(A) Gold
(B) Copper
(C) Zinc
(D) Silver

7. Long-term fiscal policy was announced by which Finance Minister of India?
Question Asked : UP PCS Review Officer/Asst. Review Officer (Pre) Exam, 2014

(A) V.P. Singh
(B) P. Chidambaram
(C) Dr. Manmohan Singh
(D) Yashwant Sinha

8. Income tax in India introduced by British Officer
Question Asked : UP PCS Review Officer/Asst. Review Officer (Pre) Exam, 2014

(A) Sir Charles Wood
(B) Lord MacHale
(C) James Wilson
(D) William Jones

9. What are the main features of Mgnrega?
Question Asked : BPSC Preliminary Exam 2018

(A) To build assets
(B) To encourage microirrigation
(C) Water management
(D) To enhance rural income
(E) None of the above/More than one of the above

10. Which state is called Sugar Bowl of India?
Question Asked : BPSC Preliminary Exam 2018

(A) Uttar Pradesh
(B) Maharashtra
(C) Bihar
(D) Haryana
(E) None of the above/More than one of the above