Basics GK 125+ MCQs on Indian Economy
41. ‘Take off stage’ in an economy means
a. Restrictions are removed
b. Economy is stagnant
c. Steady growth begins
d. Economy is collapsing
Ans. Option :C
42. A Closed economy means:
a. Only exports are take place
b. Money supply is controlled
c. Digital financing take place
d. Neither exports nor imports
Ans. Option : D
43. Which of the statement is correct about Indian planning commission.
a. Member – do not require any minimum education.
b. It is not defined in Indian Constitution.
c. Do not have fined working duration
d. All the above
Ans. Option : B
44. In which sector the public sector is most dominant.
a. Transport
b. Steel production
c. Financial Institution
d. Commercial banking
Ans. Option : D
45. India had a plan holiday
a. After the draught of 1966
b. After the liberation of Bangladesh in 1971
c. After India Pakistan was in 1965
d. After the India china was 1962
Ans. Option : A
46. In Economics production means
a. A Faming
b. Manufacturing
c. Creating utility
d. Making
Ans. Option : C
47. Which type of economy can be termed as laissez – faire economy
a. Mixed economy
b. Socialist economy
c. Command economy
d. Capitalist economy
Ans. Option : D
48. FERA stands for
a. Foreign Exchange Reglation Act
b. Foreign Energy Reglation Act
c. Foreign Exchange Rulling Act
d. None of these
Ans. Option : A
49. FEMA Stands for
a. Foreign exchange Merging Act
b. Foreign exchange Managed Act
c. Foreign Exchange Management Act
d. None of these
Ans. Option : C
50. MNCs Stands for
a. Multinational commodities
b. Multinational Corporations
c. Minimum number of commodities
d. None of these
Ans. Option : B
