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Exercise : Indian Economy MCQ Questions and Answers

Question 1

Since the inception of the co-operative movement, rural credits has been

A.  
B.  
C.  
D.  

Correct Answer : D. All of these

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Question 2

Non Tax revenues can be increased by improving the working of the

A.  
B.  
C.  
D.  

Correct Answer : A. commercial irrigation projects

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Question 3

The Board of Industrial and Financial Reconstruction (BIFR) came into existence in

A.  
B.  
C.  
D.  

Correct Answer : C. 1987

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Question 4

India changed over to the decimal system of coinage in the year

A.  
B.  
C.  
D.  

Correct Answer : A. 1957

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Question 5

Revenue of the state governments are raised from the following sources, except

A.  
B.  
C.  
D.  

Correct Answer : A. agricultural income tax

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Question 6

How many languages are printed in an Indian currency note

A.  
B.  
C.  
D.  

Correct Answer : D. 15

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Question 7

The economist who recommended Expenditure Tax in India is

A.  
B.  
C.  
D.  

Correct Answer : B. Nicolas Kaldor

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Question 8

Total number of approved stock exchanges in india

A.  
B.  
C.  
D.  

Correct Answer : D. 23

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Question 9

The first planning commission in India was formed in the year

A.  
B.  
C.  
D.  

Correct Answer : D. 1950

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Question 10

In utensils worth Rs 1000 are produced with copper worth Rs 500, wages paid are Rs 100, other material purchased is worth Rs 100 and depreciation of machinery is zero, then what is the value added in process?

A.  
B.  
C.  
D.  

Correct Answer : A. Rs 300

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