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This set of Indian Economy Multiple Choice Questions & Answers (MCQs) focuses on Indian Economy Set 6

Q1 | Economic Development means economic growth with:
  • Price Stability
  • Social Change
  • Inflation
  • Deflation
Q2 | The Planning Commission was formed on -
  • 26th January 1950
  • 15th August 1947
  • 15th March 1950
  • none
Q3 | The Planning Commission was dissolved on
  • 15th August 2017
  • 17th August 2014
  • 26th January 2015
  • none
Q4 | NITI Aayog, was formed via a resolution of the Union Cabinet on
  • 15th August 2017
  • 17th August 2014
  • 1st January 2015
  • none
Q5 | NITI Aayog is the premier ‘Policy Think Tank’ of the Government of India, providing
  • directional and policy inputs
  • Regulatory policy planning
  • Monetary instructions
  • none
Q6 | The major objectives of NITI Aayog are to -
  • provides technical advice to the Centre and States
  • design strategic and long-term policies/ programmes for Govt.
  • Both of these
  • none
Q7 | As per Union Budget documents, Nominal GDP of India in the year 2019-20 was
  • 2.96 Trillion USD
  • 3.27 Trillion USD
  • 4.56 Trillion USD
  • none
Q8 | NITI Aayog has framed its initiatives for
  • “25-year Road map”, “5- year vision, strategy and 1-year action plans”
  • “15-year Road map”, “7- year vision, strategy and 3 years action plans”
  • 5-year Road map”, “2- year vision, strategy and 1-year action plans”
  • none
Q9 | As per Ministry of Statistics & Program Implementation, what is the contribution of Primary sector to the GDP of India in the year 2018-19-
  • 50.1 %
  • 15.87%
  • 29.73%
  • none
Q10 | As per Ministry of Statistics & Program Implementation, what is the contribution ofTertiary/ Services sector to the GDP of India in the year 2018-19-
  • 54.40 %
  • 15.87%
  • 29.73%
  • none
Q11 | As per Ministry of Statistics & Program Implementation, what is the contribution ofsecondary sector to the GDP of India in the year 2018-19-
  • 54.40 %
  • 15.87%
  • 29.73%
  • none
Q12 | When did India become the member of World Trade Organization
  • On 1 January , 1995
  • On 15 July, 2009
  • On 1 April 2011
  • none
Q13 | According to 'Ease of doing business index' what is India's ranking
  • 63
  • 68
  • 85
  • none
Q14 | According to nominal Net State domestic product per capita ----- is the richest state inIndia.
  • Haryana
  • Delhi
  • Goa
  • none
Q15 | According to nominal Net State domestic product per capita ----- is the poorest state inIndia.
  • Haryana
  • Bihar
  • Orrisa
  • none
Q16 | What is India's ranking on Human Development Index released by UNDP in the year2019-
  • 187
  • 154
  • 129
  • none
Q17 | Human Development Index assesses the parameter
  • Life Expectancy Index
  • Education Index
  • GNI Index
  • All the three
Q18 | The gender inequality index in India measures
  • public-private partnership
  • discrimination between males & females
  • discrimination between educated & uneducated
  • none
Q19 | In gender inequality index India ranks at 122 out of 162 countries
  • 157
  • 104
  • 122
  • none
Q20 | The Regional Councils of NITI Aayog include
  • Chief Minister of particular state
  • Central Ministers & Secretaries of the sector
  • domain experts of the sector
  • All the three
Q21 | Antyodaya" scheme of NITI Aayog prioritizes
  • Elimination of poverty
  • spread of education
  • the service & upliftment of poor, marginalized & downtrodden
  • none
Q22 | Sustainability" as an indicator of economic growth means
  • elimination of poverty
  • more productivity
  • responsible use of resources
  • none
Q23 | First Five Year Plan was based on …
  • Harrod-Domar Model
  • Mahalanobis Model
  • Sukhmoy Chakraborty
  • none
Q24 | Which one of the following programs has been implemented to establish girls’ schools inthe districts having low female literacy rate?
  • Kasturba Gandhi Education Scheme (KGES)l
  • Indira Gandhi Education Scheme (IGES)
  • Mother Teresa Education Scheme (MTES)
  • none
Q25 | In terms of total trade (export + import), which among the following is the largest trading partner of India?
  • U.S.
  • China
  • U.K.
  • none