Practice Economics Questions and Answers

• The First Five Year Plan was based on which Model?
• In Which Five Year Plan India Opted for Mixed Economy?
• Who is WTO's current Director-General?
• What is the percent contribution of Micro Small and Medium Enterprises(MSMEs) in India’s GDP?
• As per Census 2011, what is the percentage growth of Rural and Urban Population respectively in India?
• In which year was the first Census conducted?
• Which one of the following is the most appropriate measure of country’s economic Growth?
• The theory which states that exchange rates between currencies are in equilibrium when their purchasing power is the same in each of the two countries, is�...
• What is the rank of India in Global Hunger Index (GHI) in 2016?
• Which one of the following is not one of the main objectives of the (Special Economic Zones Act) SEZ Act 2005?
• The act of stimulating the economy by increasing the money supply or by reducing taxes, seeking to bring the economy back up to the long-term trend, follow...
• What is Monetary Policy Framework Agreement?
• Which of the following is true regarding GDP? i. In calculating GDP only final marketable goods and services are considered ii. GDP can be Nominal or Rea...
• Match the following? A) Bombay Plan                 P) Mr. Jai Prakash Narayan B) Gandhian Plan              Q) Mr. M N Rai ...
• Which of the following Industries requires compulsory Licence? i. Distillation and brewing of alcoholic drinks ii. Cigars and cigarettes of tobacco and m...
• The Census 2011 was conducted in two phases. Which are these two phases? i.  House listing ii. Population enumeration iii. Biometric data collection i...
• Which of the following statements are true regarding “Inclusive Growth”? i. The main idea behind inclusive growth is to include SCs, STs, OBCs, Minori...
• Which of the following are the specialized wings under the NITI Aayog: i.  Research Wing ii.  Development Wing iii. Team India Wing iv. Digital Wing ...
• Fill in the Blanks: ………………………… involves changing the interest rate and influencing the money supply. ……………….. involves the...
• Which of the following metric is not an indicator of growth of a nation?
• A set of three statements regarding measures of National income are given below. Read each statement and answer whether each statement is true or false? S...
• Which of the following committees examined and suggested the financial sector reforms?
• When to accomplish a particular necessity, the Demand of various goods is increased automatically into the market , it is known as ________________ .
• India is not part of which of the following?
• Which Five Year Plan in India has the tagline – Faster Sustainable and more inclusive growth?
• Which of the following comes under the Core Sector?
• The word ‘BUDGET’ was taken from the _________ word.
• Fith five year plan is based on which of the following model
• The Committee on Insurance Sector Reforms was set up in
• National Income was first estimated by
• The Marginal cost of production of a commodity is
• Which of the following Committee came to the conclusion that Subhash Chandra Bose died in plane crash?
• Pradhan Mantri Ujjwala Yojana is related with
• The Firm maximises profit by producing that quantity of output where
• The Twenty-Point Programme was first launched by
• Market of government securities is also known as
• The first Chairman of Finance commission was
• Match the following Important Books on Economics with their respective Authors.   Books on Economics        &n...
• Indian Financial System Code (IFSC) is a -
• Which of the following statements is true? I. The capital market is a market for securities (debt or equity), where companies and Government can raise long...