Indian Economy ADRE/PnRD/SSC/APDCL/APSC | MCQs Indian Economy Competitive Exam Indian Economy ADRE/PnRD/SSC/APDCL/APSC | MCQs Indian Economy Competitive Exam

Indian Economy ADRE/PnRD/SSC/APDCL/APSC | MCQs Indian Economy Competitive Exam

(An Economy is a system that emphasises on how to utilize, consume and reuse resources and services. The economic system runs through the the production,distribution, selling, buying, distribution, exchange, consumption of goods and services. Our India is a mixed economic country and a wide varity of factors influences the economic system. Economic sector of our country depends mainly on agriculture, industry, manpower, import and export of goods and services, tourisms, services etc. Proper planning and utilisation of resources and services are the milestone of healthy economic growth. Many important questions are asked on economic system of our country in various competitive examinations. Here, are some important questions with answers for the upcoming ADRE grade 3 and 4 exams. Besides, these questions are also important for Assam Police exam, APDCL, PnRD, Irrigation dept. exams, APSC, SSC examinations. The study times always tries to maintain the purity of data and correctness of answers. Any discrepancies, inform, will try to handle as soon as possible.)

Indian Economy ADRE 2.0 Exam

Indian Economy ADRE 2.0 Exam | MCQs Indian Economy Competitive Exam

MCQs Indian Economy

Importance of Economic System

GDP – Gross Domestic Product
GNP – Gross National Product
Adam Smith is the father of Economics
Luxembourg stands out with having the highest GDP per capita level
IMF – International Monetary Fund

1. The first five year plan of Indian economy is based on

a. Harrod-Domar Model

b. John W. miller Model

c. Investment Yojana

d. Investment model of planning commission

Ans. a. Harrod-Domar Model.

2. On 1st January, 2015 which one of the following replace the planning commission

a. SEBI

b. NITI Aayog

c. Bharat Nirman Yojana

d. Mahila Samriddhi Yojana

Ans. b. NITI Aayog.

3. “Make in India” initiative was launched in

a. 2018

b. 2019

c. 2017

d. 2014

Ans. d. 2014.

4. Indian economy is mainly depends on

a. Agriculture

b. Industry

c. Tourism

d. Transport

Ans. a. Agriculture.

5. The full form of CAG is

a. Comptroller and Auditor General

b. Control Authority of Government

c. Control Assistant of Government

d. Computer Accessories and Graphics

Ans. a.

6. Which one of the following is the ancient oil refinery of Asia?

a. Digboi

b. Bongaigaon

c. Nunmati

d. Nahorkotiya

Ans. a. Digboi.

7. Reserve Bank of India (RBI) was established in

a. 1901

b. 1904

c. 1935

d. 1952

Ans. c. 1935.

8. Who is considered as the father of economy?

a. John Leek

b. Adam Smith

c. E. Odum

d. E Haeckel

Ans. b. Adam Smith.

9. Where is the headquarter of IMF ?

a. Geneva

b. Washington DC

c. London

d. Paris

Ans. b. Washington DC.

10. Which one of the following is the main sources of income of Assam?

a. Industry

b. Agriculture

c. Tourism

d. Transport

Ans. b. Agriculture.

11. Which one of the following is related with the removal of unemployment?

a. PM POSHAN

b. PMGAY

c. Arunodoi

d. NREGA

Ans. d. NREGA.

12. Panchayatiraaj system was adopted in which year?

a. 1994

b. 1987

c. 1991

d. 1980

Ans. a. 1994.

13. The headquarter of SAARC is located at

a. Kathmandu

b. Bhutan

c. Burma

d. Bangladesh

Ans. a. Kathmandu.

14. The percentage of tea exported from Assam is

a. 80%

b. 75%

c. 68 %

d. 50%

Ans. b. 75% .

15. First Indian oil refinery was established in which year?

a. 1905

b. 1901

c. 1987

d. 1993

Ans. b. 1901.

16. ONGC is established in which year

a. 1956

b. 1987

c. 1967

d. 1988

Ans. a. 1956.

17. Jagiroad is famous for

a. Tea

b. Iron and Steel

c. Paper Factory

d. Tourism

Ans. c. Paper Factory.

Indian Economy ADRE 2.0 Exam

18. The speedy increase in the milk production is known as

a. Green Revolution

b. White Revolution

c. Orange Revolution

d. Yellow Revolution

Ans: b. White Revolution.

19. The increase in the fish production is called

a. Green Revolution

b. White Revolution

c. Blue Revolution

d. Yellow Revolution

Ans: c. Blue Revolution.

20. The progressive increase in the oil seed production is called

a. Green Revolution

b. White Revolution

c. Orange Revolution

d. Yellow Revolution

Ans: d. Yellow Revolution.

21. On 1st Jan, 2015, newly form which of the following organisation has replaced the “Planning Commission”

a. Kothari Commission

b. Mudaliar Commission

c. NITI Ayug

d. Bharat Nirman Yojana

Ans: c. NITI Ayug

22. The area of Assam is

a. 78,438 sq km

b. 78,345 sq km

c. 78,433 sq km

d. 78,876 sq km

Ans:a. 78,438 sq km.

23. In context of Economic, the full form of LPG is

a. Liquified Petrolium Gas

b. Liberalisation Privatisation Globalisation

c. Loss Profit Gain

d. None of the Above

Ans: b. Liberalisation Privatisation Globalisation

24. The Cement factory of Assam is located at

a. Digboi

b. Silchar

c. Bokajan

d. Nunmati

Ans: c. Bokajan.

25. Central Medicine research centre is located at

a. Lucknow

b. Delhi

c. Odissa

d. Banglore

Ans: a. Locknow.

26. In which year first Steel industry of India was established?

a. 1875

b. 1879

c. 1877

d. 1876

Ans: a. 1875.

27. Monetary policies are adopted by

a. Government

b. SBI

c. RBI

d. NITI Ayog

Ans: c. RBI.

28. The Validity period of a Cheque is

a. 1 year from the date of issue

b. 2 year from the date of issue

c. Unlimited

d. 3 months from the date of issue

And: d. 3 months from the date of issue.

29. “Garibi Hatao” was the slogan of which of the following

a. 3rd five year plan

b. 6th five year plan

c. 5th five year plan

d. None of the above

Ans: c. 5th five year plan.

30. The green revolution is related to

a. Food grain production

b. Fruit production

c. Meat production

d. Milk production

Ans: a. Food grain production.

31. The Blue revolution is related with

a. Fish production

b. Flower production

c. Milk production

d. Fruit production

Ans: a. Fish production.

32. Who was the first farmer of Assam planting Tea?

a. Maniram Dewanapan

b. Sulikofa

c. Piyoli Phukan

d. Jagannath Baruah

Ans: a. Maniram Dewanapan.

33. Which is the largest Coal mine in Assam?

a. Makum Coal Mine

b. Naharkatiya

c. Namdang Coal Fields

d. None of these.

Ans: a. Makum Coal Mine.

34.Which one of the following bank was first purely Indian bank?

a. State bank of India

b. IDBI bank

c. Punjab National bank

d. HDFC bank

Ans: c. Punjab National bank.

35. In which year Oil and Natural Gas Commission (ONGC) was established?

a. 1956

b. 1967

c. 1978

d. 1965

Ans: a. 1956.

Some Important Revulotions of India –

Revulotions	Field/Area
Golden Revolution	Horticulture
White Revolution	Milk
Blue Revolution	Fish
Pink Revolution	Meat/Shrimp
Brown Revolution	Non-conventional energy
Grey Revolution	Wool
Yellow Revolution	Oil seeds
Green Revolution	Agricultural Advancement

Facts –

State Bank of India is the biggest commercial bank in the public sector.
Life Insurance Corporation of India (LIC) was established in 1st sept. 1956. LIC headquarter is in Mumbai.
SEBI (Security and Exchange Board of India) was established in 1988 and become an statutory body in 1992.
RBI (Reserve Bank of India) is the banker’s bank.
Headquarter of WTO (World Trade Organisation) is in Geneva.

36. Inflation is the

a. Rise in general price index

b. Rise in budget deficit

c. Rise in money supply

d. Rise in import of goods

Ans: a. Rise in general price index.

37. Operation Blackboard aims at

a. Establishment of new schools

b. Promotion of adult literacy

c. Manufaturing blackboards

d. Provinding education of dropout students

Ans: b. Promotion of adult literacy.

Contd…

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