INDIAN ECONOMY Multiple choice questions

41. ‘Take off stage’ in an economy means
a. Restrictions are removed

b. Economy is stagnant
c. Steady growth begins
d. Economy is collapsing

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

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

44. In which sector the public sector is most dominant.
a. Transport
b. Steel production
c. Financial Institution
d. Commercial banking

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

46. In Economics production means
a. A Faming
b. Manufacturing
c. Creating utility
d. Making

47. Which type of economy can be termed as laissez – faire economy
a. Mixed economy
b. Socialist economy

c. Command economy
d. Capitalist economy

48. FERA stands for
a. Foreign Exchange Reglation Act
b. Foreign Energy Reglation Act
c. Foreign Exchange Rulling Act
d. None of these

49. FEMA Stands for
a. Foreign exchange Merging Act
b. Foreign exchange Managed Act
c. Foreign Exchange Management Act
d. None of these

50. MNCs Stands for
a. Multinational commodities
b. Multinational Corporations
c. Minimum number of commodities
d. None of these