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. 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

2. 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

3. 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

4. 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

5. Who is the Largest Producer of Silk in the World
Question Asked : BPSC Preliminary Exam 2018

(A) India
(B) China
(C) Brazil
(D) Japan
(E) None of the above/More than one of the above

6. What is Swayam?
Question Asked : UPSC CDS 2018 (II)

(A) a network that aims to tap the talent pool of scientists and entrepreneurs towards global excellence
(B) a Massive Open Online Courses (MOOCs) initiative on a national platform
(C) an empowerment scheme for advancing the participation of girls in education.
(D) a scheme that supports differently abled children to pursue technical education.

7. What is Aaykar Setu?
Question Asked : UPSC CDS 2018 (II)

(A) It is a mechanism for achieving excellence in public sector delivery related to GST.
(B) With the use of a mobile app, it facilitates online payment of taxes.
(C) It is a communication strategy designed to collect information and build a database of tax defaulters.
(D) It enables electronic filing and processing of import and export declarations.

8. The natural rate of unemployment hypothesis was advocated by–
Question Asked : UPSC CDS 2018 (II)

(A) Milton Friedman
(B) AW Phillips
(C) JM Keynes
(D) RG Lipsey

9. Bihar Economic Survey first time published in financial year?
Question Asked : 64th BPSC Prelims Exam 2018

(A) 2004-05
(B) 2006-07
(C) 2008-09
(D) 2009-10
(E) one of these/More than one of these

10. What is the Sex Ratio in Bihar as per the Census of India 2011
Question Asked : 64th BPSC Prelims Exam 2018

(A) 893
(B) 916
(C) 918
(D) 925
(E) None of these/More than one of these