Indian Economy Problems And Policies Set 3

Master of Arts in Economics (MA Economics),

Union Public Service Commission (UPSC)

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This set of Indian Economy Problems and Policies Multiple Choice Questions & Answers (MCQs) focuses on Indian Economy Problems And Policies Set 3

Q1 | Which one among the following sectors in India has the highest share of employment?
  • agriculture and allied sectors
  • manufacturing
  • construction
  • tertiary sector
Answer: agriculture and allied sectors
Q2 | When was the first agriculture census of India conducted?
  • 1880
  • 1890
  • 1921
  • 1970
Answer: 1970
Q3 | Evergreen revolution indicates:
  • wheat revolution
  • organic farming
  • large scale milk production
  • promotion of horticulture
Answer: organic farming
Q4 | What kind of unemployment is found in the agricultural sector of India?
  • situational
  • voluntary
  • frictional
  • disguised
Answer: disguised
Q5 | Which one of the following industries is not included in the Eight Core Industries?
  • coal
  • textiles
  • electricity
  • crude oil
Answer: textiles
Q6 | In the index of eight core industries, which one of the following is given the highest weight?
  • coal production
  • electricity generation
  • fertilizer production
  • steel production
Answer: electricity generation
Q7 | Which one of the following institutions acts as the apex regulatory body for food safety inIndia?
  • agmark and legal metrology
  • bureau of indian standards
  • fssai
  • bis
Answer: fssai
Q8 | Which one of the following is the national regulatory body for insurance industry in India?
  • sebi
  • irdai
  • rbi
  • uti
Answer: irdai
Q9 | Which segment is contributing largest into the gross savings of the country?
  • household sector
  • private corporate sector
  • public sector
  • foreign sector
Answer: household sector
Q10 | Which of the following sector is dominant in Kerala economy?
  • agrarian
  • .industrial
  • service
  • none
Answer: service
Q11 | GST is ---------- based tax on consumption of goods and services:
  • duration
  • destination
  • dividend
  • development
Answer: destination
Q12 | India chosen ---------- model of dual GST:
  • usa
  • uk
  • canadian
  • china
Answer: canadian
Q13 | GST stands for:
  • goods and supply tax
  • government sales tax
  • goods and service tax
  • general sales tax
Answer: goods and service tax
Q14 | Ashok Mehta Committee in 1977 recommended for the establishment of:
  • nagar panchayat
  • panchayat samiti
  • maha panchayat
  • mandal panchayat
Answer: mandal panchayat
Q15 | Which one of the following was the first committee to demand constitutional recognition forPanchayats?
  • balwantrai mehta committee
  • ashok mehta committee
  • santhanam committee
  • g.v.k.rao committee
Answer: balwantrai mehta committee
Q16 | When the Land Reform Act was passed?
  • 1950
  • 1953
  • 1952
  • 1957
Answer: 1950
Q17 | Till what time Indian Economy want to become a US$5 trillion dollar economy?
  • 2022-23
  • 2024-25
  • 2027-28
  • 2029-30
Answer: 2024-25
Q18 | What is the base year for calculating India's GDP?
  • 2004-05
  • 2010-11
  • 2011-12
  • 2014-15
Answer: 2011-12
Q19 | As per the Union Budget, 2020-21, what is the highest rate of Direct Tax in India?
  • 20%
  • 35%
  • 30%
  • 40%
Answer: 30%
Q20 | When was R.B.I. nationalised?
  • 1935 b.
  • 1949 c.
  • 1929 d.
  • 1914
Answer: 1949 c.
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