Indian Economy MCQ Quiz – Objective General Knowledge Question with Answer
Latest Indian Economy MCQs Objective Questions
Q1. Who among these presented the first (interim) budget for independent India?
[A] Manmohan Singh
[B] K Shanmukham Chetty
[C] N.D. Tiwari
[D] Jawaharlal Nehru
Answer: [B] K Shanmukham Chetty
Q2. Which of the following banks assists and coordinates the sale of State Development Loans (SDLs) in India?
Answer: [A] RBI
Q3. India switched to the decimal system of coinage
[A] April 1942
[B] April 1946
[C] April 1952
[D] April 1957
Answer: [D] April 1957
Q4. Producing a good predominantly through a natural process is an activity –
[A] Technology Sector
[B] Tertiary Sector
[C] Primary Sector
[D] Secondary Sector
Answer: [C] Primary Sector
Q5. What is the main theme of Prime Minister Awas Yojna?
[A] Housing to All by 2020
[B] Housing to All by 2021
[C] Housing to All by 2022
[D] Housing to All by 2024
Answer: [C] Housing to All by 2022
Q6. The relationship between interest rate and consumption level was first estimated by –
[A] Milton Freedman
[B] Irwing Fischer
[C] Amartya Sen
[D] James Duezan Berry
Answer: [A] Milton Freedman
Q7. Which of the following is a term lending institution?
[A] Exim bank
[D] None of these
Answer: [C] IFCI
Q8. Who is the Indian Union Budget presented to and in which House/s of Parliament?
[A] Prime Minister of India – Rajya Sabha
[B] Finance Minister of India – Lok Sabha
[C] Cabinet Secretary – Both Lok Sabha and Rajya Sabha
[D] President of India – in joint session of Parliament
Answer: [B] Finance Minister of India – Lok Sabha
Q9. What is a Mutual Fund?
[A] A fund established by the Union Government
[B] A fund that raises money from a group of investors
[C] A fund provided by global financial institutions
[D] None of these
Answer: [B] A fund that raises money from a group of investors
Q10. Amartya Sen was awarded the Nobel Prize for his contribution to:
[B] Monetary Economics
[C] Development Economics
[D] Welfare Economics
Answer: [D] Welfare Economics
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