Indian Economy MCQ Set-20

Economic Development in India MCQ for competitive examinations in India such as UPSC CSE, State PSC, IBPS PO, SBI PO, IBPS SO, IBPS RRB, IBPS Clerk and various government & public sector undertaking jobs in India.

Q.1 Which of the following is the biggest contributor of foreign exchange reserve of India?

A. Special Drawing Power

B. Gold Reserve

C. Foreign Currency Assets

D. Gold

Answer: C. Foreign Currency Assets

Q.2 Human Development Index is published by:





Answer: A. UNDP

Note: UNDP- United Nations Development Programme

Q.3 Economic planning of India is included in:

A. Concurrent List

B. Reserve List

C. Union List

D. State List

Answer: A. Concurrent List

Q.4 In India, corporation tax is imposed by:

A. Union Govt

B. State Govt.

C. Both state and union govt

D. Municipalities

Answer: A. Union Govt.

Q.5 “ECOMARK” symbol is related to:

A. Goods safe for the environment

B. Goods safe for the forest

C. Goods produced in forest

D. None of these

Answer: A. Goods safe for the environment

Q.6 Which sector has the maximum weights in the Industrial Production Index (IIP) in India?

A. Manufacturing

B. Power

C. Mining

D. None of these

Answer: A. Manufacturing

Q.7 Who among the following introduced five-year plan in India?

A. Indira Gandhi

B. Narendra Modi

C. Jawaharlal Nehru

D. MK Gandhi

Answer: C. Jawaharlal Nehru

Q.8 The Rural Infrastructure Development Fund (RIDF) is being operationalized by:



C. Regional Rural Banks

D. None of these

Answer: A. NABARD

Q.9 PM-Kisan yojana was launched in the year?

A. 2014

B. 1999

C. 2018

D. 2020

Answer: C. 2018

Note: The PM- Kisan scheme came into effect from 1st December, 2018.

Q.10 PM-SBY is a:

A. Crop insurance scheme

B. Accident insurance scheme

C. Industrial insurance scheme

D. None of these

Answer: B. Accident insurance scheme

Note: Pradhan Mantri Suraksha Bima Yojana is a government-backed accident insurance scheme in India launched on 8th May, 2015

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