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Economics Multiple Choice Questions(MCQs) and Answers | Indian Economy GK Objective Questions & Answers

Economics Multiple Choice Questions(MCQs) and Answers

Indian Economy multiple choice questions(MCQs) and answers with explanation for interview, competitive examination and entrance test. Fully solved examples with detailed answer description, explanation are given and it would be easy to understand. The provided section is the best collection of Indian Economy Questions with correct answers and explanations. Here are Indian Economy MCQ's for graduate, undergraduate, freshers and experienced candidates. So, the aspirants can check the practice Indian Economy online Test sets to for preparations of the latest questions and answers. The candidates or applicants can take the online test and solve questions with the help of the test preparation platform. The Indian Economy Quiz contains the essential questions on Economic planning, currency, History of Indian Economy and Modern Economy to prepare for the various examinations and interviews. Hence, the students can get the Indian Economy Objective Questions and Answers from this section. Each question in this Economics practice test section has four options where one option is correct. The candidates need to move to the below portions and find the Indian Economy Questions and Answers.

Economics Questions - Indian Economy Quiz Details

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Indian Economy Objective Type Practice Question sets Topics

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Indian Economy MCQ Quiz Answers

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Economics multiple choice Questions Answers
1 Who is the father of Economics ?
A Max Muller
B Adam Smith
C Karl Marx
D None of these above

Answer: Option [B]
2 Indian Economy is :
A Socialistic Economy
B Gandhian Economy
C Mixed Economy
D Free Economy

Answer: Option [C]
3 Mixed economy means an economy where
A both agriculture and industry are equally promoted by the state
B there is co-existence of public sector along with private sector
C there is importance of small scale industries along with heavy industries
D economy is controlled by military as well as civilian rulers

Answer: Option [B]
4 India's economic planning CANNOT be said to be :
A indicative
B imperative
C limited
D democratic

Answer: Option [B]
5 Which one of the following is the task of the Planning Commission ?
A Preparation of the plan
B Implementation of the plan
C Financing of the plan
D None of these above

Answer: Option [A]
6 Which one of the following bodies finalizes the Five Year Plan Proposals ?
A Planning Commission
B Union Cabinet
C National Development Council
D Ministry of Planning

Answer: Option [C]
7 Which one of the following is true about Planning Commission ?
A It is a Ministry
B It is a Government Department
C It is an Advisory Body
D It is an Autonomous Corporation

Answer: Option [C]
8 Economic survey is published by :
A Ministry of Finance
B Planning Commission
C Govt of India
D Indian Statistical Institute

Answer: Option [A]
9 Who is the Chairman of the Planning Commission in India ?
A President
B Vice President
C Prime Minister
D Finance Minister

Answer: Option [C]
10 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

Answer: Option [C]
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