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GK Quiz on Indian Economy Set XIX

17-FEB-2016 16:06

    Dear students, GK Team of Jagran Josh is providing you a set of 10 MCQs of Indian Economy for different competitive exams. These questions are made after analyzing the trend of the different exams. So these questions may be very crucial to you for the upcoming exams.

    1. The twelfth five year plan has the target to increase the spending on the health sector to …..

    (a) 3 % of the GDP

    (b) 4 % of the GDP

    (c) 2 % of the GDP

    (d) 5 % of the GDP

    2. What is the Minimum Support Price of the wheat for 2014-15?

    (a) 1400/quintal

    (b) 1450/quintal

    (c) 1500/quintal

    (d) 1350/quintal

    3. Till date how many finance commission has been set up by the president of India?

    (a) 12

    (b) 13

    (c) 14

    (d) 15

    4. Which of the following statement is NOT correct?

    I. C. Rangarajan is the chairman of the 14th finance commission of India?

    II. AAM Aadmi Bima Yojna was started in 2007

    III. Ashok Kumar Mathur is the chairman of the 7th pay commission

    IV. National Urban Livelihood Mission was started in 2013-14.

    (a) I, II

    (b) I, II, IV

    (c) Only I

    (d) II, IV

    5. What is the rank of India in the Human Development Index 2015?

    (a) 142nd

    (b) 135th

    (c) 140th

    (d) 130th

    6. Which Organisation publishes the Human Development Index?

    (a) WTO

    (b) IMF

    (c) UNDP

    (d) World Bank

    7. What is the full form of FEMA?

    (a) Foreign Exchange Management Act.

    (b) Funds Exchange Management Act.

    (c) Finance Enhancement Monetary Act

    (d) Future Exchange Management Act.

    8. What is the mean of Fiscal policy?

    (a) Policy relating to money and banking in a country.

    (b) Policy relating to public revenue and public expenditure.

    (c) Policy relating to non-banking financial institutions.

    (d) None of the above.

    9. FDI is prohibited in all of the following except:

    (a) Atomic energy

    (b) Lottery business,

    (c) Gambling and betting

    (d) Banking operations

    10. Economic Planning is included in ………

    (a) Concurrent List

    (b) State List

    (c) Union List

    (d) Not any specified list

    Question

    Answer

    1

    c

    2

    b

    3

    c

    4

    c

    5

    d

    6

    c

    7

    d

    8

    b

    9

    d

    10

    a

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