Indian Economy Quiz
Q1. What is the position of India by GDP (nominal) according to International Monetary Fund list, 2012
(a) Third
(b) Fifth
(c) Tenth
(d) Twelve
Answer: (c) Tenth
Q2. Which one from below is one of the four cities where coins are produce
(a) Bangalore
(b) Hyderabad
(c) Pune
(d) Chennai
Answer: (b) Hyderabad
Q3. Which bank is the first to introduce ATM in India
(a) HSBC
(b) ICICI
(c) SBI
(d) UCO Bank
Answer: (a) HSBC
Q4. Which sector is the largest source of employment in India
(a) Textile
(b) Agriculture
(c) Services
(d) Tourism
Answer: (b) Agriculture
Q5. In which year India adopted liberal and free-market principles
(a) 1991
(b) 1993
(c) 1995
(d) 1997
Answer: (a) 1991
Q6. Which country shares the highest percentage of Indian imports
(a) UAE
(b) USA
(c) China
(d) Russia
Answer: (c) China
Q7. Which sector is the second largest source of employment in India
(a) Textile
(b) Retail
(c) Mining
(d) Banking
Answer: (a) Textile
Q8. When the first Economic Census was done in India
(a) 1958
(b) 1972
(c) 1977
(d) 1983
Answer: (c) 1977
Q9. Who presented the first Union Budget of Independent India
(a) C. D. Deshmukh
(b) John Mathai
(c) Morarji Desai
(d) R. K. Shanmukham Chetty
Answer: (d) R. K. Shanmukham Chetty
Q10. Who was the chairman of National Income Committe appointed by Government of India in 1949
(a) C R Rao
(b) P C Maharanobis
(c) V. K. R. V. Rao
(d) K N Raj
Answer: (b) P C Maharanobis
Q11. When the statutory powers was given to Securities and Exchange Board of India
(a) 1988
(b) 1990
(c) 1992
(d) 1996
Answer: (c) 1992
Q12. Where the headquarters of SEBI is located
(a) Delhi
(b) Mumbai
(c) Kolkata
(d) Pune
Answer: (b) Mumbai
Q13. In 2013 Union budget of India, in which category highest amount of money is allocated
(a) Defence
(b) Education
(c) Health
(d) Sports
Answer: (a) Defence
Q14. Which one is the largest source of revenue for the Indian Government
(a) Sales Tax
(b) Excise Duties
(c) Income Tax
(d) None of the above
Answer: (b) Excise Duties
Q15. When the Value Added Tax was first introduce in India
(a) 2005
(b) 2006
(c) 2007
(d) 2008
Answer: (a) 2005
Practice Test Exam