Indian Economy MCQs: The Indian economy is a vast and dynamic subject that plays a significant role in various competitive exams, including the RRB NTPC 2024. For aspirants looking to ace the General Awareness section, having a solid understanding of key economic concepts, historical events, and government policies is essential. One of the most crucial areas in this section is the economy of India, which encompasses a wide range of topics like economic planning, national income, banking, agriculture, industry, and economic reforms.
This article presents 25 important multiple-choice questions (MCQs) with answers, carefully selected to help aspirants strengthen their knowledge of India’s economic framework. The questions are designed to cover a broad spectrum of topics, including historical economic events, government committees, and key economic measures that have shaped the country’s growth trajectory.
Indian Economy MCQs for RRB NTPC 2024
Here is a 25 set of multiple-choice questions (MCQs) for the RRB NTPC Exam 2024 preparation. These questions cover various aspects of Indian economics, government policies, and historical events, aimed at helping you test your knowledge on these subjects.
Who authored the book Planned Economy for India in 1934?
- a) Jawaharlal Nehru
- b) Dr. B.R. Ambedkar
- c) Sir M. Visvesvaraya
- d) C.D. Deshmukh
Where is the National Institute of Rural Development (NIRD) located?
- a) New Delhi
- b) Mumbai
- c) Hyderabad
- d) Bengaluru
Which committee presented the India Infrastructure Report?
- a) Rangarajan Committee
- b) Rakesh Mohan Committee
- c) Gadgil Committee
- d) Narasimham Committee
Kasturba Gandhi Education Scheme is related to:
- a) Higher education
- b) Girls’ education
- c) Vocational training
- d) Skill development
During which Five-Year Plan was the national income growth rate recorded as the lowest?
- a) First Plan
- b) Second Plan
- c) Third Plan
- d) Fourth Plan
Under which Five-Year Plan was the slogan Garibi Hatao given?
- a) First Plan
- b) Fourth Plan
- c) Fifth Plan
- d) Seventh Plan
Dividends declared by companies are based on:
- a) Authorized capital
- b) Issued capital
- c) Subscribed capital
- d) Paid-up capital
When did the Government of India first nationalize 14 banks?
- a) 1969
- b) 1975
- c) 1980
- d) 1991
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What is the main task of the Finance Commission?
- a) Issuing currency notes
- b) Deciding central taxes for states
- c) Implementing monetary policy
- d) Overseeing foreign exchange
Which crop saw the highest production increase due to the Green Revolution?
- a) Wheat
- b) Rice
- c) Maize
- d) Sugarcane
In which year was the Central Board of Excise and Customs separated from the Central Board of Revenue?
- a) 1956
- b) 1963
- c) 1971
- d) 1982
When was the Asian Development Bank (ADB) established?
- a) 1956
- b) 1960
- c) 1966
- d) 1972
What is the concessional lending window of the World Bank known as?
- a) International Bank for Reconstruction and Development
- b) International Finance Corporation
- c) Multilateral Investment Guarantee Agency
- d) International Development Association
Which system was introduced by the Reserve Bank of India Act in 1956?
- a) Minimum Reserve System
- b) Cash Reserve Ratio
- c) Statutory Liquidity Ratio
- d) Currency Control System
In which year was the Industrial Reconstruction Bank of India (IRBI) established?
- a) 1975
- b) 1980
- c) 1985
- d) 1990
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Under which Five-Year Plan was the National Women’s Fund established?
- a) Sixth Plan
- b) Seventh Plan
- c) Eighth Plan
- d) Ninth Plan
Who prepared the final draft of the Five-Year Plans?
- a) Finance Commission
- b) Planning Commission
- c) National Development Council
- d) Parliament
On the recommendation of which committee was NABARD established?
- a) Narasimham Committee
- b) Shivaraman Committee
- c) Gadgil Committee
- d) Malhotra Committee
Whose signature appears on the Indian one-rupee note?
- a) Governor of RBI
- b) Finance Minister
- c) Finance Secretary
- d) President of India
In which year was the first census conducted in India?
- a) 1861
- b) 1872
- c) 1881
- d) 1891
When was the National Security Fund established?
- a) 1947
- b) 1952
- c) 1962
- d) 1972
The Bretton Woods Conference of 1944 led to the creation of which international organization?
- a) International Monetary Fund (IMF)
- b) World Trade Organization (WTO)
- c) United Nations (UN)
- d) European Union (EU)
VAT (Value Added Tax) replaced which tax?
- a) Excise Duty
- b) Income Tax
- c) Sales Tax
- d) Service Tax
Who wrote the book Value and Capital?
- a) Adam Smith
- b) Alfred Marshall
- c) J.M. Keynes
- d) J.R. Hicks
What was the primary objective of the Unit Trust of India (UTI)?
- a) Promote industrial investment
- b) Provide small investors with an investment avenue
- c) Regulate financial markets
- d) Offer agricultural loans
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Answers to Indian Economy MCQs for RRB NTPC 2024 Aspirants
In this section, we provide the correct answers to the 25 multiple-choice questions (MCQs) based on the Indian economy. These answers will help you verify your understanding of key concepts and historical facts that are crucial for the RRB NTPC 2024 exam. Here are the answers to the questions:
- c) Sir M. Visvesvaraya
- c) Hyderabad
- b) Rakesh Mohan Committee
- b) Girls’ education
- d) Fourth Plan
- c) Fifth Plan
- d) Paid-up capital
- a) 1969
- b) Deciding central taxes for states
- a) Wheat
- b) 1963
- c) 1966
- d) International Development Association
- a) Minimum Reserve System
- b) 1980
- a) Sixth Plan
- b) Planning Commission
- b) Shivaraman Committee
- c) Finance Secretary
- b) 1872
- c) 1962
- a) International Monetary Fund (IMF)
- c) Sales Tax
- d) J.R. Hicks
- b) Provide small investors with an investment avenue
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