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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. Which economic activity cannot be included in the tertiary sector?
Question Asked : SSC Junior Engineer (Civil) Exam 2018

(A) Working in a call-centre
(B) Tuition occupation
(C) Bee-keeping
(D) Banking

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2. What is difference of Revenue expenditure and Revenue receipts called as?
Question Asked : SSC CAPFs ASI & Delhi Police SI Exam 2017

(A) Revenue
(B) Total expenditure
(C) Revenue Deficit
(D) Total revenue

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3. What is moderate degree of controlled inflation called as?
Question Asked : SSC CAPFs ASI & Delhi Police SI Exam 2017

(A) Reflation
(B) Stagflation
(C) Hyper-inflation
(D) Disinflation

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4. Off loading of government shares to private companies is known as
Question Asked : SSC CAPFs ASI & Delhi Police SI Exam 2017

(A) Investment
(B) Disinvestment
(C) Centralization
(D) Decentralization

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5. For a country having an inflationary situation, which of the following statements is INCORRECT?
Question Asked : SSC Multi-Tasking Staff Exam 2017

(A) Cost of living rises
(B) Profit rise faster than wages
(C) Value of money falls
(D) Country’s export’s become more competitive

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6. Dairy comes under which sector of economic activity?
Question Asked : SSC Multi-Tasking Staff Exam 2017

(A) Tertiary sector
(B) Primary sector
(C) Secondary sector
(D) Quaternary sector

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7. Which type of unemployment is generally seen in urban areas?
Question Asked : SSC Multi-Tasking Staff Exam 2017

(A) Educated unemployment
(B) Seasonal unemployment
(C) Disguised unemployment
(D) None of these

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8. Which of the following is represented by ‘Lorenz Curve’
Question Asked : SSC CGL Tier-I (CBE) Exam 2017

(A) Employment
(B) Inflation
(C) Deflation
(D) Income Distribution

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9. Which one of the following is also regarded as Disguised unemployment
Question Asked : SSC CGL Tier-I (CBE) Exam 2017

(A) Under employment
(B) Frictional unemployment
(C) Seasonal unemployment
(D) Cyclical unemployment

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10. ‘Ned-Malthusian Theory’ is associated with which of the following
Question Asked : SSC CGL Tier-I (CBE) Exam 2017

(A) Employment
(B) Poverty
(C) Resource scarcity
(D) Income

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