GK Quiz on Indian Economy Set XXV

Dear Students, the GK team of Jagran Josh is presenting you a set of 10 MCQs based on different topics of Indian Economy. Our team made these questions after considering the trends of past exams. So go through these questions and evaluate yourself.


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

(a) Foreign currency assets
(b) Gold
(c) Reserve tranche with IMF
(d) Special drawing Rights(SDR)

2. Who is the chairman of the 14th finance commission of India?

(a) Vimal jalan
(b) Y.V. Reddy
(c) Nachiket More
(d) Yashwant Sinha

3. Who is called the father of Operation Flood in India?

(a) Verghese Kurien
(b) M.S. Swaminathan
(c) Norman Borlaug
(d) Vinoba Bhave

4. How many companies are represented in the BSE SENSEX?

(a) 50
(b) 30
(c) 100
(d) 25

5. What is the target of fiscal deficit in the year 2016-17?

(a) 3.9%
(b) 3%
(c) 3.6%
(d) 4.0%

6. If interest payment is deducted from the fiscal deficit then what would left?

(a) Primary deficit
(b) Budget  deficit
(c) monetary deficit
(d) Revenue deficit

7. Who has the authority to mint the coins in India?

(a) Reserve bank of India
(b) Ministry of finance
(c) Ministry of corporate affairs
(d) Ministry of Commerce

8. Who issues Special Drawing Rights (SDRs)?

(a) World bank
(b) World trade organization
(c) Asian development bank
(d) International Monetary Fund (IMF)

9. Which currency is included in the basket of International Monetary Fund (IMF) recently?

(a) Japanese yen
(b) Daudi dinar
(c) Yuan
(d) Indian Rupee

10. Which of the following statement is Not correct?

(a) Gift tax is indirect tax.
(b) Service sector is the largest contributor in Indian GDP.
(c) Head office of SIDBI is in Lucknow.
(d) M1 is known as Narrow Money.