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This set of Indian Economy Multiple Choice Questions & Answers (MCQs) focuses on Indian Economy Set 4

Q1 | Which is the primary objective of economic planning in India
  • Reducing Inequalities of
  • Abolition of poverty
  • Growth with social justice
  • Removing unemployment
Q2 | Which of the following is associated with poverty estimation ?
  • Tendulkar committee
  • Lakdawala committee
  • Saxena committee
  • All the above
Q3 | Which of the following state introduced Employment Guarantee Scheme first?
  • Madhya Pradesh
  • Maharashtra
  • Tamil Nadu
  • Karnataka
Q4 | Infant mortality
  • Defined as the annual number of deaths of infant under 1 year
  • Reflects the availability of primary education, the rights of
  • life expectancy up to age 3.
  • Reflects the availability of hospitals and
Q5 | is below the income that secures the bare essentials of food, clothing,
  • Income inequality.
  • Absolute poverty.
  • Sen’s poverty index.
  • Purchasing-power poverty.
Q6 | The unemployment rate is the
  • Employed plus unemployed divided by labor force.
  • Total employment divided by population.
  • Labor force divided by population.
  • Uunemployed divided by employed
Q7 | In which type of unemployment do the marginal productivity of the workers is zero?
  • Disguised Unemployment
  • Involuntary unemployment
  • Seasonal unemployment
  • Structural Unemployment
Q8 | Which is the state with minimum sex ratio in India?
  • Chandigarh
  • Delhi
  • Haryana
  • Punjab
Q9 | Which is the state with highest number of Scheduled Castes in India?
  • Andhra Pradesh
  • Bihar
  • Tamil Nadu
  • Uttar Pradesh
Q10 | Which country is the largest consumer of sugar in the world?
  • USA
  • CHINA
  • JAPAN
  • INDIA
Q11 | Which is the largest sugar-producing country in the world?
  • INDIA
  • CHINA
  • BRAZIL
  • None of the above
Q12 | When was cotton textile industry established in Mumbai?
  • 1854
  • 1855
  • 1948
  • 1956
Q13 | Which is the Indian state with the highest number of powerlooms?
  • Gujarat
  • Madhya Pradesh
  • Maharashtra
  • Tamil Nadu
Q14 | Which of the following industries is not a heavy industriy.
  • Cotton textile
  • Cement
  • Iron and Steel
  • Ship building
Q15 | Which one of the following agencies, markets steel for the public sector plants?
  • HAIL
  • SAIL
  • TATA Steel
  • MNCC
Q16 | Where was oil discovered for the first time in India?
  • Digboi
  • Numaligarh
  • Bongaigon
  • Barauni
Q17 | In production sector, a micro enterprise is an enterprise where investment in plant and
  • 10 LAKH
  • 15 LAKH
  • 12 LAKH
  • 25 LAKH
Q18 | Which of the following does not form part of current account under balance of payments?
  • Export and import of goods
  • Export and import of services
  • Income receipts and payments
  • Capital receipts and payments
Q19 | Balance in capital account refer to the
  • Nation’s net exports of goods and services
  • Nation’s net exports of financial claims
  • Nation’s net exports of international official reserve assets
  • Nation’s sum of net exports of goods, services and financial
Q20 | Balance in capital account refer to the
  • National Development Council (NDC)
  • Ministry of Finance
  • Planning Commission (now NITI Aayog)
  • President of India
Q21 | When was the first five-year plan of India started?
  • 1949
  • 1950
  • 1952
  • 1951
Q22 | What as the prime target of the first five-year plan of India?
  • Development of the industries
  • Development of Agriculture
  • Development of infrastructure
  • Development of ports
Q23 | Which programme given the slogan of Garibi Hatao?
  • 7th five-year plan
  • 3rd five year plan
  • 6th five year plan
  • 5th five-year plan
Q24 | In which five-year plan India opted for a mixed economy?
  • First
  • Second
  • Third
  • Fourth
Q25 | When was the plan holiday declared?
  • After the third plan
  • After the fourth plan
  • After the fifth plan
  • After the sixth plan