Economics MCQ Questions and Answers

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Economics MCQ Questions with Answers are essential for candidates preparing for competitive exams like UPSC, SSC CGL, and RBI Grade B. These aptitude questions cover vital economic concepts including demand-supply, national income, fiscal policy, inflation, and international trade. Each question tests both theoretical understanding and practical application, ensuring candidates are ready for objective-type exams. Practicing aptitude questions with answers and explanations helps in revising economic fundamentals quickly. Whether you are a student, job aspirant, or exam enthusiast, this comprehensive economics MCQ set is perfect for self-assessment. Strengthen your general awareness and problem-solving ability by practicing free economics tests or downloading the solutions PDF.

Economics MCQ

Showing 10 of 146 questions

1. The Ex-officio Secretary of NDC is-

  • Secretary of Finance Ministry
  • General Secretary of Lok Sabha
  • Secretary of Planning Commission
  • Vice Chairman of Planning Commission
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2. For charters and cargo services, what is the new FDI ceiling announced by the government ?

  • 100%
  • 74%
  • 26%
  • 49%
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3. In National Mineral Policy (1993) which mineral was allowed for having investment from private sector-

  • Coal
  • Iron
  • Gold
  • Platinum
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4. The share of road transport in total transport of the country is-

  • 20%
  • 40%
  • 60%
  • 80%
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5. Minimum Support Price is decided by-

  • ICAR
  • State Government
  • Ministry of Agriculture
  • State Government
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6. Which percentage of Central Taxes have been recommended by the 12th Finance Commission to be transferred to States ?

  • 28·5%
  • 29·5%
  • 30·5%
  • 31·5%
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7. Which state possesses the maximum percentage of SC population ?

  • U.P.
  • M.P.
  • Kerala
  • Punjab
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8. Government has decided to cover all districts of the country in National Rural Employment Guarantee Programme (NREGP)-

  • Upto January 1, 2008
  • Upto March 31, 2008
  • w.e.f. April 1, 2008
  • w.e.f. April 1, 2009
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9. What is ‘NIKKEI’ ?

  • Share Price Index of Tokyo Share Market
  • Name of Japanese Central Bank
  • Japanese name of Country’s Planning Commission
  • Foreign Exchange Market of Japan
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10. Which statement is correct for Indian Planning Commission ?

  • It is not defined in Indian Constitution
  • Members and Vice-Chairman of it do not have fixed working duration
  • Members do not require any minimum education
  • All of these
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