introduction to indian economy section 11 Practice Questions Answers Test with Solutions & More Shortcuts
Introduction to Indian Economy PRACTICE TEST [14 - 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
Question : 46 [SSC CGL 2015]
Reserve bank of India was nationalised in :
a) 1951
b) 1949
c) 1947
d) 1935
Answer »Answer: (b)
The Reserve Bank of India was nationalised on 1 January 1949 under the Reserve Bank (Transfer of Public Ownership) Act, 1948.
Since then, RBI started working as a government-owned central bank of India. It was founded on 1 April 1935.
Question : 47 [SSC CAPFs 2014]
Agriculture should serve as an instrument of income, livelihood and opportunity to the local community — this statement was given by
a) Dr Manmohan Singh
b) Dr Madhavan Nair
c) Dr Abdul Kalam
d) Dr M S Swaminathan
Answer »Answer: (d)
According to M.S. Swaminathan, agriculture must serve as an instrument of income and livelihood opportunity as well as food production.
He argues that the economic benefits of agro-processing and agribusiness should be taken to poor families through rural value-added enterprises and partnerships with the private sector.
Question : 49
The Indian economy is characterised by
a) low per capita income
b) all of the above
c) massive unemployment
d) pre-dominance of agriculture
Answer »Answer: (b)
The Indian Economy is characterised by the predominance of agriculture, low per capita income and massive unemployment.
In India contribution of agriculture to GDP is around 13.7%. Per capita income, a gauge for measuring living standards, is estimated at Rs. 5,729 per month in 2012–13 which is low as compared to other developing nations like China having per capita income to be $6091.
In India, the rate of unemployment is around 9.9 % which is higher than other developing nations like China which has an unemployment rate of 4.1.
Question : 50
A dual economy means:
- The existence of black money and white money
- The existence of agriculture and industry
- The existence of commercial agriculture with subsistence farming
- Modern industry and commercial agriculture coexisting with subsistence farming and traditional handicrafts
a) 1, 2 and 4
b) 2, 3 and 4
c) 1 only
d) All of these
Answer »Answer: (b)
IMPORTANT indian economy mcq EXERCISES
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Top 500+ Basic Indian Economy GK MCQ Quiz For SSC IBPS »
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New Indian Economy GK MCQ Quiz PDF For UPSC/IAS Prelims »
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Basic Indian Economy Concepts MCQs Quiz For RRB NTPC Exam »
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New 499+ Fundamentals of Indian Economy MCQ Quiz For IBPS »
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555+ Indian Economy Concepts Basics Fundamentals MCQ Quiz »
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Top 500+ Indian Economy GK MCQs Quiz PDF For SSC UPSC RRB »
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New 499+ Indian Economy GK Question And Answers Quiz PDF »
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Best 500+ Indian Economy General Knowledge MCQ Quiz PDF »
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500+ Indian Economy General Studies Online MCQ Quiz PDF »
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New 500+ Indian Economy Basic Static GK MCQ Quiz For IBPS »
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500+ Introduction to Indian Economy GK MCQ Quiz For SSC »
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800+ Latest Indian Economy GK Questions & Answers MCQ PDF »
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1000+ Indian Economy GK Questions And Answers Quiz PDF »
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1000+ Indian Economy Basic Concepts GK MCQ PDF For SBI PO »
Introduction to Indian Economy Shortcuts »
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indian economy MCQ CATEGORIES
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» Introduction to Indian Economy
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» Planning, Economic Development & Five year Plans
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» National Income & Human Development Index
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» Agriculture Sector, Subsidy and Food Processing
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» Industries, Manufacturing & Service Sectors
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» Inclusive growth, Sustainable development and employment
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» Poverty & Unemployment
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» Introduction to Micro Economics
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» Introduction to Macro Economics
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» Macro fundamentals, GDP, Investment, Growth
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» Demand & Supply, Profit Loss, Inflation & Price Index
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» Fiscal Policy, Public Finance and Monetary Policy
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» Money Supply, Banking and Financial Institutions
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» Taxes Types, Methods & Budgeting Process
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» Banking, Security Market & Insurance
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