Indian Economy Quiz for RRB SSC Exams

1 The ‘Year of Great Divide’ refers to
(A) rapid growth rate in population after 1921
(B) the declining sex ratio after 1921
(C) the slow down in death rate after 1921
(D) all the above

2 India’s economic zone extends ..... miles off its coast
(A) 100
(B) 150
(C) 200
(D) 250

3 In which one of the following countries is Rupee its currency?
(A) Bhutan
(B) Malaysia
(C) Maldives
(D) Seychelles

4 Real national income denotes .
(A) National income at constant prices
(B) Per capita income
(C) National income at current prices
(D) Net factor income

5 In which year did the Industrial Policy express the concept of a mixed economy for India?
(A) 1948
(B) 1951
(C) 1954
(D) 1956

6 Durgapur, Bhilai and Rourkela plants were set up during the …… Plan.
(A) Second
(B) Third
(C) Fourth
(D) First

7 The first devaluation of Indian currency took place in:
(A) 1947
(B) 1949
(C) 1950
(D) 1951

8 Which one of the following factors can cause the Cost-Push inflation in an economy?
(A) Oil price shocks in the world
(B) Fluctuation in the production of food-grains
(C) Imposition of high commodity taxes
(D) All of the above

9 Which one of the following laws stated that the size of a firm and its growth rate are independent?
(A)Gibrat’s law
(B)Goodhart’s law
(C)Hubbert’s law
(D)None of these

10 Which one of the following coin the term ‘Stagflation’ in the economy?
(A)lain Macleod
(B) Milton Friedman
(C) J M Keynes
(D)William Phillips

Note : Answers will be updated soon............