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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 1 of Department 9]

1) The Rolling Plan concept in national planning was introduced by

(A) Indira Gandhi
(B) The National Front Government
(C) Rajiv Gandhi
(D) The Janata Government
Correct Answer - Option (D)

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2) Ministry of Shipping has organised a Coastal Economic Zones workshop under which programme in July 2016?

(A) Sagarpath
(B) Sagarmala
(C) Sagarjanak
(D) Sagarmanthan
Correct Answer - Option (B)

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3) Corporation tax is imposed by

(A) Central Government
(B) State as well as Central Government
(C) State Government
(D) Local Government
Correct Answer - Option (B)

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4) Why is the offering of 'teaser loans'' by commercial banks a cause of economic concern ?
1.External liabilities reported in the Union Budget are based on historical exchange rates
2.The continued high borrowing has kept the real interest rates high in the economy
3.The upward trend in the ratio of Fiscal Deficit of GDP a recent years has a adverse effect on private investment
4.Interest payments is the single largest component of the non-plan revenue expenditure of the Union Government 
Which of these statements are correct?

(A) 1 only
(B) Neither 1 nor 2
(C) Both 1 and 2
(D) 2 only
Correct Answer - Option (A)

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5) Excess of Total Expenditure over total Receipts is :

(A) Deficit Budget
(B) Surplus Budget
(C) Balanced Budget
(D) None of the above
Correct Answer - Option (A)

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6) In India the first bank of limited liability managed by Indian and founded in 1881 was:

(A) Oudh commercial Bank.
(B) Hindustan Commercial Bank
(C) Punjab National Bank
(D) Punjab and Sind Bank
Correct Answer - Option (A)

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7) Which company has started a rural marketing network called e-Chaupals?

(A) ITC
(B) Dabur
(C) Procor and Gamble
(D) Hindustan liver
Correct Answer - Option (A)

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8) The first multi–purpose river valley project of independent India is: 

(A) Bhakra-Nangal
(B) Damodar
(C) Hirakud
(D) Nagarjunasagar
Correct Answer - Option (B)

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10) Rice, Millet (Jawar-Bajra ), Maize and cotton is the group which belongs to:

(A) Rabi crop
(B) Kharif crop
(C) Both A and B
(D) None of the above
Correct Answer - Option (B)

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