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Economic MCQ Questions with answers

Here Important Economic MCQ questions are added which are frequently asked in almost all the examinations. You can check the correct answer of any question on clicking the show answer button or on option itself. The Correct answer will be displayed below. You can share any question with your friends on whatsapp by tapping whatsapp button.

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Learn Economic MCQs [Page 2 of Department 5]

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Chandrakant • 6.73K Points
Tutor III

11) Which of the following is has the sole right of issuing currency (except one rupee coins and notes) in India?

(A) The Reserve Bank of India
(B) The State Bank of India
(C) The Planning Commission
(D) The Government of India
Correct Answer - Option (A)

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Chandrakant • 6.73K Points
Tutor III

13) ICI is the name associated with

(A) A private sector bank
(B) Indian Cement Industry
(C) Chamber of Commerce and Industry
(D) A MNC which manufactures chemicals
Correct Answer - Option (D)

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Chandrakant • 6.73K Points
Tutor III

15) Per capita income is obtained by dividing National Income by

(A) Area of the country
(B) Volume of capital used
(C) Total working population
(D) Total population of the country
Correct Answer - Option (D)

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Chandrakant • 6.73K Points
Tutor III

16) GDP at Factor Cost is

(A) GDP minus indirect taxes plus subsidies
(B) GDP minus subsidies plus indirect taxes
(C) NNP plus depreciation allowances
(D) GDP minus depreciation allowances
Correct Answer - Option (A)

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Chandrakant • 6.73K Points
Tutor III

17) 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
Correct Answer - Option (C)

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Chandrakant • 6.73K Points
Tutor III

18) Gross Domestic Product is defined as the value of all

(A) Goods produced in an economy in a year
(B) Goods and services produced in an economy in a year
(C) Final goods produced in an economy in a year
(D) Final goods and services produced in an economy in a year
Correct Answer - Option (D)

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Chandrakant • 6.73K Points
Tutor III

19) Which is the biggest tax paying sector in India?

(A) Banking sector
(B) Transport sector
(C) Industrial sector
(D) Agriculture sector
Correct Answer - Option (C)

No Explanation found. Add Explanation and get +2 points.

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