introduction to indian economy section 13 MCQ Questions & Answers Detailed Explanation
MOST IMPORTANT indian economy mcq - 14 EXERCISES
-
Top 500+ Basic Indian Economy GK MCQ Quiz For SSC IBPS »
-
New Indian Economy GK MCQ Quiz PDF For UPSC/IAS Prelims »
-
Basic Indian Economy Concepts MCQs Quiz For RRB NTPC Exam »
-
New 499+ Fundamentals of Indian Economy MCQ Quiz For IBPS »
-
555+ Indian Economy Concepts Basics Fundamentals MCQ Quiz »
-
Top 500+ Indian Economy GK MCQs Quiz PDF For SSC UPSC RRB »
-
New 499+ Indian Economy GK Question And Answers Quiz PDF »
-
Best 500+ Indian Economy General Knowledge MCQ Quiz PDF »
-
500+ Indian Economy General Studies Online MCQ Quiz PDF »
-
New 500+ Indian Economy Basic Static GK MCQ Quiz For IBPS »
-
500+ Introduction to Indian Economy GK MCQ Quiz For SSC »
-
800+ Latest Indian Economy GK Questions & Answers MCQ PDF »
-
1000+ Indian Economy GK Questions And Answers Quiz PDF »
-
1000+ Indian Economy Basic Concepts GK MCQ PDF For SBI PO »
The following question based on Introduction to Indian Economy topic of indian economy mcq
- Gross Data Product
- Gross Domestic Product
- Group Domestic Product
- Group Data Product
(a) 2 only
(b) 3 only
(c) 1 only
(d) 4 only
The correct answers to the above question in:
Answer: (a)
Discuss Form
Read more introduction Based Indian Economy Questions and Answers
Question : 1
‘Fiscal Drag’ expresses the impact of inflation on which of the following ?
a) Tax Revenue and GDP
b) Black money
c) Fiscal Deficit
d) Investment
Answer »Answer: (a)
Fiscal drag is an economics term referring to a situation where a government’s net fiscal position (equal to its spending less any taxation) does not meet the net savings goals of the private economy.
Fiscal drag is a concept where inflation and earnings growth may push more taxpayers into a higher tax bracket.
Question : 2
Which one of the following is not a feature of India’s economic planning?
a) limited centralisation
b) indicative planning
c) democratic socialism
d) imperative planning
Answer »Answer: (d)
Imperative planning is not a feature of the economic planning of India. In case of imperative planning economic activities belong to the public sector.
Question : 3
The philosophy of ‘Laissez-Faire’ is associated with
a) Industrial state
b) Welfare state
c) Socialist state
d) Gandhian state
Answer »Answer: (a)
The philosophy of ‘Laissez-Faire’ is associated with industrial state.
Question : 4
Which of the following PSUs has been privatised?
a) CMC
b) HZL
c) Hotel Corporation of India
d) NALCO
Answer »Answer: (b)
Hindustan Zinc Limited (HZL) is an integrated mining and resources producer of zinc, lead, silver and cadmium. It is a subsidiary of Vedanta Resources PLC. HZL is the world’s second-largest zinc producer. Hindustan Zinc Limited was incorporated from the erstwhile Metal Corporation of India on 10 January 1966 as a Public Sector Undertaking. In 2001 as part of the BJP Government’s anti-corruption drive, the company was put up for sale.
In April 2002, Sterlite Opportunities and Ventures Limited (SOVL) made an open offer for the acquisition of shares of the company; consequent to the disinvestment of Government of India’s (GOI) stake of 26% including management control to SOVL and acquired an additional 20% of shares from the public, pursuant to the SEBI Regulations 1997.
In August 2003, SOVL acquired additional shares to the extent of 18.92% of the paid-up capital from GOI in the exercise of the “call option” clause in the share holder’s agreement between GOI and SOVL.
Question : 5
Who prepares National Income in India?
a) Central Statistical Organization
b) Planning commission
c) Reserve Bank of India
d) National Income Committee
Answer »Answer: (a)
Since 1955 the national income estimates are being prepared by Central Statistical Organisation (CSO).
The CSO uses different methods like the Product Method, Income Method and Expenditure method for various sectors in the process of estimating the National Income.
Question : 6
NTPC is a Central Public Sector Enterprise in which sector?
a) Health
b) Education
c) Power
d) Transport
Answer »Answer: (c)
NTPC Limited (previously known as National Thermal Power Corporation Limited) is an Indian PSU Public Sector Undertaking, engaged in the business of generation of electricity and allied activities.
NTPC’s core business is the generation and sale of electricity to state-owned power distribution companies and State Electricity Boards in India.
GET Introduction to Indian Economy PRACTICE TEST EXERCISES
introduction to indian economy section 1
introduction to indian economy section 2
introduction to indian economy section 3
introduction to indian economy section 4
introduction to indian economy section 5
introduction to indian economy section 6
introduction to indian economy section 7
introduction to indian economy section 8
introduction to indian economy section 9
introduction to indian economy section 10
introduction to indian economy section 11
introduction to indian economy section 12
introduction to indian economy section 13
introduction to indian economy section 14
Introduction to Indian Economy Shortcuts and Techniques with Examples
Verbal Reasoning
Question & Answer Quiz
Non Verbal Reasoning
Question & Answer Quiz
Quantitative Aptitude
Question & Answer Quiz
Computer MCQ
Question & Answer Quiz
General English
Question & Answer Quiz
History GK
Question & Answer Quiz
Polity GK
Question & Answer Quiz
Geography GK
Question & Answer Quiz
Economy GK
Question & Answer Quiz
General Awareness GK
Question & Answer Quiz
Recently Added Subject & Categories For All Competitive Exams
100+ Quadratic Equation Questions Answers PDF for Bank
Quadratic Equation multiple choice questions with detailed answers for IBPS RRB SO. more than 250 Attitude practice test exercises for all competitive exams
Continue Reading »
IBPS Aptitude Linear Equations MCQ Questions Answers PDF
Linear equations multiple choice questions with detailed answers for IBPS RRB SO. more than 250 Attitude practice test exercises for all competitive exams
Continue Reading »
New 100+ Compound Interest MCQ with Answers PDF for IBPS
Compound Interest verbal ability questions and answers solutions with PDF for IBPS RRB PO. Aptitude Objective MCQ Practice Exercises all competitive exams
Continue Reading »
100+ Mixture and Alligation MCQ Questions PDF for IBPS
Most importantly Mixture and Alligation multiple choice questions and answers with PDF for IBPS RRB PO. Aptitude MCQ Practice Exercises all Bank Exams
Continue Reading »