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. The Oilseeds Production Programme (OPP) was launched in
Question Asked : SSC CGL Tier-I (Re-Exam-2013) 2014

(A) 1986
(B) 1987
(C) 1988
(D) 1990

2. The Minimum Support Price for food grains was introduced in the year
Question Asked : SSC CGL Tier-I (Re-Exam-2013) 2014

(A) 1944
(B) 1964
(C) 1974
(D) 1954

3. In a developing country like India, in which sector a high rate of disguised unemployment exists?
Question Asked : SSC Graduate Level Tier-I Exam 2012

(A) Corporate Sector
(B) House-hold Sector
(C) Service Sector
(D) Agricultural Sector

4. The Centre for Agricultural Marketing is located at
Question Asked : SSC Section Officer (Audit) Exam 2008

(A) Jaipur
(B) New Delhi
(C) Nagpur
(D) Hyderabad

5. The Commission in India dealing with minimum support price, procurement price, etc in connection with agricultural goods is the
Question Asked : SSC CPO Sub-Inspector Exam 2008

(A) Planning Commission
(B) Agricultural Costs and Prices Commission
(C) Agricultural Price Commission
(D) National Marketing Commission

6. Why did the Government ban the import of “Terminator seeds”?
Question Asked : SSC Combined Graduate Level Prelim Exam 2003

(A) To contain a virus which can destroy local crops
(B) These seeds are injurious to human and animal health
(C) These seeds contain genetically engineered properties to prevent further multiplication
(D) These seeds multiply at very slow rates

7. What is NABARD’s primary role?
Question Asked : SSC Combined Graduate Level Prelim Exam 2000

(A) to provide term loans to state co-operative banks
(B) to assist state governments for share capital contribution
(C) to act as re-finance institution
(D) All of the above

8. Which of the following sets belongs to Central tax?
Question Asked : SSC CISF ASI Exam 2010

(A) Excise duty, Sales tax and Custom duty
(B) Excise duty, Custom duty and Income tax
(C) Income tax, Custom duty and House tax
(D) Custom duty, Entertainment tax and Income tax

9. Which of the following taxes are levied and collected by the centre but their net proceeds are wholly transferred to states?
Question Asked : SSC SAS Exam 2010

(A) Expenditure Tax and Gift Tax
(B) Additional Duties of Excise in lieu of Sales Tax
(C) Stamps and Registration
(D) Taxes on Advertisement

10. Which one of the following taxes is collected and utilized by the State Governments?
Question Asked : SSC CPO Sub-Inspector Exam 2004

(A) Personal income tax
(B) Corporation tax
(C) Land revenue
(D) Custom duties