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

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11. Which State of the following has not yet adopted VAT (Value Added Tax) ?

  • Tamil Nadu
  • Uttar Pradesh
  • Gujarat
  • None of the above
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12. Service Tax revenue collection for 2008–09 (Budget estimates) was proposed at-

  • Rs. 64,460 crore
  • Rs. 52,603 crore
  • Rs. 50,200 crore
  • Rs. 74,460 crore
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13. NABARD was established on the recommendation of-

  • Public Account Committee
  • Shivaraman Committee
  • Narsimham Committee
  • None of these
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14. Sampurna Gramin Rojgar Yojana was launched on-

  • 1st April, 2001
  • 25th Sept., 2001
  • 30th Sept., 2001
  • No scheme of such title has yet launched
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15. Which company is providing mobile service with name ‘Cell One’ to the consumers ?

  • MTNL
  • BSNL
  • Reliance Infocom
  • Bharti Tele
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16. VAT is imposed-

  • Directly on consumer
  • On final stage of production
  • On first stage of production
  • On all stages between production and final sale
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17. The newly appointed person as Chairman of CBDT is-

  • S. Sridhar
  • S. S. N. Moorti
  • Rajiv Chandrashekhar
  • Venugopal Dhoot
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18. Kutir Jyoti scheme is associated with-

  • Promoting cottage industry in villages
  • Promoting employment among rural unemployed youth
  • Providing electricity to rural families living below the poverty line
  • All of these
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19. Novelis has been acquired and merged with-

  • Tata Steels
  • SAIL
  • HINDALCO
  • Jindal Steels
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20. OTCEI is-

  • Atomic Submarine of China
  • Economic Policy of USA
  • An Indian Share Market
  • A Defence Research Organisation
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