65 Economics MCQ Questions in english

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65 Economics MCQ Questions in english हिन्दी

65. What does "GDP" stand for?

A. Gross Domestic Production

B. Gross Development Product

C. Gross Domestic Product

D. General Domestic Profit

64. Which city is known as the "Silicon Valley of India"?

A. Hyderabad

B. Pune

C. Bengaluru

D. Chennai

63. Who is known as the "Father of Green Revolution in India"?

A. Verghese Kurien

B. M.S. Swaminathan

C. C. Subramaniam

D. Norman Borlaug

62. What is the minimum amount required to open a Jan Dhan Yojana account?

A. ₹500

B. ₹1,000

C. ₹5,000

D. No minimum amount

61. The first five-year plan in India was launched in which year?

A. 1948

B. 1950

C. 1951

D. 1956

60. Which organization releases the Economic Survey of India every year?

A. Reserve Bank of India

B. Ministry of Finance

C. NITI Aayog

D. World Bank

59. What does "MSP" stand for in the Indian agricultural sector?

A. Maximum Selling Price

B. Minimum Support Price

C. Marginal Stock Price

D. Market Support Price

58. Which committee recommended the LPG (Liberalization, Privatization, Globalization) reforms in India?

A. Kelkar Committee

B. Narasimham Committee

C. Rangarajan Committee

D. Tendulkar Committee

57. Which is the largest public sector bank in India?

A. Punjab National Bank

B. State Bank of India

C. HDFC Bank

D. ICICI Bank

56. Which Indian economist introduced the concept of the ‘Gandhian Model of Development’?

A. Amartya Sen

B. J.C. Kumarappa

C. Raghuram Rajan

D. Manmohan Singh

55. Which mineral is Rajasthan famous for mining?

A. Copper

B. Mica

C. Gypsum

D. Zinc

Rajasthan is famous for mining gypsum. The state hosts significant deposits of this mineral, which is primarily used in the production of cement and plaster. Rajasthan’s extensive mining operations contribute to its economy, making it one of the leading gypsum producers in India. Additionally, Rajasthan is also known for other minerals like marble, sandstone, feldspar, and mica.

54. What is the main agricultural product of Rajasthan?

A. Wheat

B. Rice

C. Barley

D. Cotton

The main agricultural product of Rajasthan is wheat, which is a staple food crop in the region. Rajasthan is known for its arid climate and variable rainfall, but through irrigation and modern farming techniques, wheat farming has become prominent. Other important crops include barley, maize, and various pulses, along with a significant emphasis on livestock farming. The state also produces oilseeds and spices, contributing to its agricultural diversity.

53. Which of the following sectors has the highest contribution to Uttarakhand's Gross State Domestic Product (GSDP)?

A. Agriculture

B. Tourism

C. Manufacturing

D. Hydropower

Tourism is a key sector contributing significantly to the state's economy due to the presence of pilgrimage sites and scenic hill stations.

52. Which of the following industries contributes significantly to the economy of Uttarakhand?

A. Software development

B. Tea production

C. Hydropower

D. Cotton textiles

Uttarakhand's geography provides ideal conditions for hydropower generation, which forms a key part of its economy. Major hydroelectric projects like Tehri Dam are located here.

51. What percentage of Uttarakhand's economy is contributed by tourism?

A. 10%

B. 20%

C. 30%

D. 40%

Tourism plays a significant role in the state's economy, thanks to its religious, adventure, and natural attractions.

50. There is no beach of Bombay High court among which place?

A. Pune

B. Nasik

C. Nagpur

D. Aurangabad

49. With which form of economy is the term ‘Laissez-faire’ associated?

A. Command economy

B. Mixed economy

C. Socialist economy

D. Capitalist economy

48. Which one of the following is a driving force influencing the industrial growth of an economy ?

A. Economic Factors only

B. Investment only

C. Innovation/Market Base only

D. All of the above

47. In India, the concepts of “minimum needs” and “direction anti-poverty programmes ” were the innovations of:

A. Fourth Five-year Plan

B. Fifth Five-Year Plan

C. Sixth Five-Year Plan

D. Eighth Five-Year Plan

46. National Development Council was set up in:

A. 1952

B. 1950

C. 1949

D. 1948

45. The strategy of Rolling plan was adopted during the Prime Ministership of:

A. Indira Gandhi

B. Morarji Desai

C. Rajiv Gandhi

D. Jawaharlal Nehru

44. The Decentralisation system was recommended by :

A. C.Rajagopalachari

B. J.B. Kripalan

C. Balwant Rai Mehta

D. Ashok Mehta

43. The Second Five Year Plan laid more stress upon:

A. Industrialisation

B. Removing poverty

C. Self-reliance

D. Agriculture

42. Economic survey is published by

A. Ministry of Finance

B. Planning Commission

C. Govt of India

D. Indian Statistical Institute

41. The Deputy Chairman of the Planning Commission :

A. HRD Minister

B. Finance Minister

C. Holds the rank of a cabinet minister

D. is an economist of repute

40. What does decreasing contribution of agriculture to GDP signifies?

A. Country is becoming poor

B. Country is becoming less developed

C. Country is becoming more developed

D. None of the above

The movement from an agrarian-based economy to a manufacturing and the service-based economy shows that, a country is moving from a less developed phase to a developing and developed phase.

39. Who presents the economic survey every year?

A. Ministry of Economic affairs

B. Department of Economic affairs

C. Department of Finance

D. Department of Revenue

The Economic Survey of India is the flagship annual document of the Finance Ministry. The Department of economic affairs, Ministry of Finance presents the Survey in the parliament every year, just before the Union Budget. It is prepared under the guidance of the Chief economic advisor of India. This document is presented to both Houses of Parliament during the Budget session.

38. What is the formula for GDP Deflater?

A. Nominal GDP + Real GDP

B. Nominal GDP – (minus) Real GDP

C. Real GDP/ Nominal GDP

D. Nominal GDP/ Real GDP

The GDP deflator measures price inflation in an economy.It measures the changes in prices for all of the goods and services produced in an economy. The GDP deflator is calculated by dividing nominal GDP by real GDP and multiplying by 100.

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