Indian Economy MCQ PDF Download

Indian Economy MCQ PDF for Competitive Exams for free download. Previous year UPSC IAS Civil Services Economics questions collection for preparation of UP PSC and UPSC examinations.

Indian Economy MCQs

Few sample Indian Economics MCQs are given below:

Q.1: Consider the following statement in regard to reserve currency :
(1) Reserve currency acts as the international pricing currency in the global market for commodities like oil and gold.
(2) The country whose local currency is accepted as reserve currency gets an added advantage in terms of lower commodity rates in the international market.
Which of the statements given above is/are correct
(a) 1 only
(b) 2 only
(c) Both 1 and 2
(d) Neither 1 nor 2

Answer : (c) Both 1 and 2

Q.2: Consider the following statements about ‘hidden price rise’ and select the correct code :
1. A situation of reduction in quality or amount of a product offered at an unchanged price
2. A situation of increase in indirect taxes on goods, which compromises on the quality of the goods offered for sale
Code :
(a) Only 1
(b) Only 2
(c) 1 and 2 both
(d) Neither 1 nor 2

Answer : (a) Only 1

Q.3: Deficit financing leads to inflation in general, but it can be checked if:
(a) government expenditure leads to increase in the aggregate supply in ratio of aggregate demand
(b) only aggregate demand is increased
(c) all the expenditure is denoted national debt payment only
(d) All of the above

Answer : (d) All of the above

Q.4: Under which five year plan did the government introduce an agricultural strategy which gave rise to Green Revolution in India?
(a) Second Five Year Plan
(b) Third Five Year Plan
(c) Sixth Five Year Plan
(d) Seventh Five Year Plan

Answer : (b) Third Five Year Plan

Q.5: What is the contribution of livestock in agricultural sector?
(a) 5%
(b) 15%
(c) 25%
(d) 10%

Answer : (c) 25%

Download : Indian Economy MCQ PDF

Name : Indian Economy MCQs
Subject : Economics
General Studies for UPPSC, UPSC IAS Civil Services
Medium : English
Number of pages : 76

Free download the Indian Economy MCQs book for UPSC, UPPSC from below link:

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