Indian Economy Multiple Choice Questions

 Indian Economy Multiple Choice Questions

Indian Economy Multiple Choice Questions

Part - 2

Indian Economy Multiple Choice Questions (MCQs) for SSC, State and all One Day Examinations of India. Objective Questions on Indian Economy for competitive examinations.

1.The first bullet train in India has been proposed to run on which of the following routes?

[A] Delhi-Mumbai

[B] Mumbai-Ahmedabad

[C] Howrah-Mumbai

[D] Delhi-Howrah

2.With reference to the International Trade, the International Harmonized System (HS) of goods is maintained by __:

[A] World Trade Organization

[B] World Customs Union

[C] UNCTAD

[D] None of them

3.Which of the following is an example of sunset industries?

[A] Peda making industry

[B] Petrochemical industry

[C] Food processing industry

[D] Space tourism

4.Which is the longest irrigation canal in India?

[A] East Kosi Canal

[B] Sir hind Canal

[C] Yamuna Canal

[D] Indira Gandhi Canal

5.Which of the following steps should be taken by investor who wishes to form a portfolio that lies to the right of the optimal risky portfolio on the Capital Allocation Line?

[A] Lend some of her money at the risk-free rate and invest the remainder in the optimal risky portfolio

[B] Borrow some money at the risk-free rate and invest in the optimal risky portfolio

[C] Such a portfolio cannot be formed

[D] None of the above

Also read : Indian Economy GK MCQ https://www.knowlege.in/2025/03/indian-economy-mcq.html

6.Which of the following clearly define Stagflation?

[A] Constant rate of inflation

[B] Low inflation with high recession

[C] High inflation with low recession

[D] Stagnation and inflation

7.Which of the following industries was affected most due to partition?

[A] Cotton and jute

[B] Small scale industries

[C] Steel industries

[D] Tea and cotton

8.Persons below the poverty line in India are classified as such based on whether?

[A] they are entitled to a minimum prescribed food basket

[B] they get work for a prescribed minimum number of days in a year

[C] they belong to agricultural labourer household and the scheduled caste/tribe social group

[D] their daily wages fall below the prescribed minimum wages

Also read : Modern Indian History Gk MCQ https://www.knowlege.in/2025/03/modern-indian-history-gk-mcq.html

9.What is location of proposed Indian Institute of Heritage and Conservation?

[A] Lucknow

[B] Noida

[C] Gwalior

[D] New Delhi

10.Which of the below is a correct statement regarding inferior goods?

[A] Demand of a good decreases with increases in peoples income

[B] Demand of a good increases with increases in peoples income

[C] Demand of a good decreases with decrease in peoples income

[D] Demand of a good increase with decrease in peoples income