Indian Economy MCQ : Economics MCQ Objective Questions& answers for Competitive exams

Economics MCQ on Indian Economy

In Most of the Competitive Exams of the SSC,UPSC & State Civil service examination the Economics Subjects is one of the Most Important Topics for The Preparation aspirants. in CBT exams the Questions are from Current affairs and General Knowledge Section.Here we Focus the The Top Economics MCQ Questions based on the Indian Economy. 

In this article the Important Indian Economics MCQ Questions are discussed ,which are Previously Asked in the RRB,CDS and PSC Exams. Here the important World Economics & India Economics topics are presented on the basics of  Objective(MCQs),these Economics MCQ Mostly  important for the upcoming Exams. 

Hope Indian Economy MCQ Objective Questions will help students & Aspirants to get aware that Which type of Economics Questions pattern for Asked in the CBT of Competitive exams.

Important Economics MCQ for Competitive exams 

Q1. Where is the Headquarter of International Bank for Reconstruction and Devlopment (IRDB) Located ?

 

a) Washington DC

b)Geneva

c) Switzerland

d)London 

Ans : A 

Q2. As per Census 2011,the Literacy rate of India ?

a)56.08 % (2011)

b)74.04 % (2011)

c)76.08 % (2011)

d) 78.03 % (2011)

Ans : B 

Q3. Which of the Following Country does not have veto power in the UN security Council ?

a)USA 

b)France 

c)India 

d) Britain 

e)China 

Ans : C 

India Does not have veto power in the UN security council.only five countries have veto power they are Russia,China,USA, Britain,France.

Q4. Which of the Following Country is not a Part of G4 Nations? 

a) USA 

b) Brazil 

c) India 

d) Germany 

Ans : A 

USA is not a part of G4 Nations. 

Q5. Which of the Following European Country is not the Member of G7 (Group of Seven) ?

a)France

b) United Kingdom 

c) Spain 

d)Italy 

Ans : C  

Spain is Not the Member of G7. The G7 (Group of Seven)Countries are USA,Canada,France,Italy,Germany,United Kingdom.

Q6. 101st Constitutional Amendment Bill is related to which of the Following ? 

a) Economic reservation in india 

b) Goods and Service Tax 

c) Service Tax levied by Union

d)Finance 

Ans : B 

101st Constitutional Amendment Bill is realated to GST bill.

Q7. National Income estimates In india are prepared by which of the Following institutions ?

a) Planning Commission 

b)Central Statistical Organization 

c)Central Statistical Office 

d) National Sample survey Organization 

Ans : C 

Central Statistical Office Prepared the Estimation Of National Income of India .

Q8. Which of the Following is not a method of  Measurement of National Income of India ?

a) Income method 

b) Expenditure method 

c)Product  Method 

d) Investment method 

Ans : D 

Investment method is Not a Method of Measurement of National Income of India.

Q9. Which Schems Provides LPG Connections To BPL Households ?

a) Saubhagya Yojana 

b)Ujjawala Yojana 

c)Vandana Yojana 

d)Kaushal Vikas Yojana 

Ans : B 

Q 10. Which of the Following is not a direct tax ?

a)Wealth tax 

b)Income tax 

c)GST 

d)Gift Tax 

Ans : C 

GST is the Indirect tax , because the Indirect tax is collect from Customer pay to the Government for goods and Services. 

Also read : Indian economy - Five years Plan MCQ Questions

Hope these Memory based Economics on Indian Economy MCQs Questions are Helps in Your Preparation of Competitive exams like SSC,Bank,UPSC and State Civil service examination. Soon More Important Economics Objective Questions and Answers Chapter wise MCQ series on Indian Economy for Competitive exams are Updated.For More information Keep Update with Edukosal.