Indian Economy : General Knowledge Questions and Answers

Q21. Gold Mines in India are located mainly at

[A] Veeranam

[B] Kolar

[C] Raniganj

[D] Jadugoda

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Correct Answer: Kolar


Q22. The rolling plan concept in our country started with the

[A] Seventh plan

[B] Fifth plan

[C] Third plan

[D] Fourth plan

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Correct Answer: Fifth plan


Q23. National Income based on theĀ 

[A] the sum of all fractions of income

[B] total revenue of the state

[C] net profit earned and expenditure made by the state

[D] production of goods and services

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Correct Answer: production of goods and services


Q24. NREGP is the abbreviated form of

[A] National Rapid Employment Guarantee Programme

[B] National Rapid Educational Guarantee Programme

[C] National Rural Employment Guarantee Programme

[D] National Rural Educational Guarantee Programme

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Correct Answer: National Rural Employment Guarantee Programme


250+ Indian Economy Quiz Questions & Answers


Q25. Who among the following publishes the Economic Survey of India?

[A] Ministry of Finance

[B] Institute of finance

[C] Indian Statistical Institute

[D] National Development Council

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Correct Answer: Ministry of Finance


Q26. Who had estimated National Income in India first?

[A] R.C. Dutt

[B] V.K.R.V.Rao

[C] D.R.Gadgil

[D] Dadabhai Naoroji

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Correct Answer: Dadabhai Naoroji


Q27. Which of the following is a tertiary economic activity?

[A] Farming

[B] Hunting

[C] Weaving

[D] Trading

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Correct Answer: Trading


Q28. Which one of the following is a development expenditure?

[A] Debt services

[B] Grant in Aid

[C] Irrigation expenditure

[D] Civil administration

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Correct Answer: Irrigation expenditure


Q29. Which of the following produces maximum crude petroleum in India at present?

[A] Coastal Tamil Nadu

[B] Off shore Bombay High

[C] Assam

[D] Gujarat

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Correct Answer: Off shore Bombay High


Q30. ‘Income and employment theory’ is the other name for which branch of Economics?

[A] International economics

[B] Public finance

[C] Macroeconomics

[D] Microeconomics

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Correct Answer: Macroeconomics


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