5000+ Economy GK | Indian Economy MCQ Questions and Answers

Home > Economy

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. Which of the following is a consequence of inflationary price rise?

Question Asked : SSC CAPFs SI, CISF ASI & Delhi Police SI Exam 2015

(A) Obstacle in development
(B) Increase in economic inequalities
(C) Adverse effect on the balance of payment
(D) All of these

Check Answer Read more

2. Which of the following sets of taxes belongs to Central Government?

Question Asked : SSC CGL Tier-I (CBE) Exam 2016

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

Check Answer Read more

3. Which State in India has introduced FAT Tax on junk food

Question Asked : SSC CGL Tier-I (CBE) Exam 2016

(A) Rajasthan
(B) Kerala
(C) Andhra Pradesh
(D) Bihar

Check Answer Read more

4. Which of the following taxes is levied by the State Government only?

Question Asked : SSC CGL Tier-I (CBE) Exam 2016

(A) Wealth tax
(B) Entertainment tax
(C) Income tax
(D) Gift tax

Check Answer Read more

5. What situation would result if Government expenditure exceeds the Government revenue on Current Account?

Question Asked : SSC CGL Tier-I (CBE) Exam 2016

(A) Deficit budgeting
(B) Zero-based budgeting
(C) Performance-based budgeting
(D) Surplus budgeting