Main questions based on Indian economy, must read

Indian Economy Related Questions for UPSSSC PET Exam : The Uttar Pradesh Subordinate Services Selection Commission (UPSSSC) has started the process of conducting Preliminary Qualifying Test (PET) for Group ‘C’ recruitment. Under which this examination was to be conducted in September but due to some reason now its examination will be conducted in the month of October. Let us tell you that only after qualifying this exam, candidates can appear in Group ‘C’ exam.
In such a situation, candidates need to work hard to achieve success, for which it is very important to focus on studies under a strategy.

So today we have brought 25 very important questions based on Indian economy through this article, by studying which you can make your preparation stronger and get success in the examination.

Indian Economy Related Questions for UPSSSC PET Exam
Indian Economy Related Questions for UPSSSC PET Exam

Indian Economy Related Questions for UPSSSC PET Exam

Question. Where is Indian currency acceptable?

  • Bangladesh
  • Pakistan
  • Nepal
  • myanmar

Answer: 3

Question. Which of the following concepts J. All closely associated with M. Keynes?

  • control of money supply
  • marginal utility principle
  • indifference curve analysis
  • marginal effectiveness of capital

Answer 1

Question. What percentage of interest does the bank pay on ‘Fix Deposit’?

  • 7 to 9%
  • 5 to 7%
  • 5 to 6%
  • 9 to 10%

Answer: 2

Question. Who among the following is the President of CII (Confederation of Indian Industry)?

  • why. C. Modi
  • Omkar Singh Kanwar
  • why. Of. Modi
  • Sunil Kant Munjal

Answer: 4

Question. ‘Young Indians Forum’ is associated with which of the following industry trade organization?

  • C.I.I. (CII)
  • FIEO

Answer: 3

Question. The current trend of rapid urbanization in India is due to:

  • Influence of cinema and electronic media
  • dissolution of joint family system
  • end of zamindari system
  • Lack of employment opportunities in rural areas

Answer: 4

Question. Whenever the problem of balance of payments becomes serious in the long run, pressure is put on India-

  • to stop importing
  • for the effect of a material increase in exports
  • to attract foreign tourists
  • To go abroad for a substantial amount of loans and deposits

Answer: 4

Question. The output at the breakeven point is the output at which the producer-

  • Can recover only operating costs
  • make a normal profit
  • to make up for the old loss
  • can recover the total value

Answer 1

Question. As production increases, the difference between average total cost and average running cost is

  • grows
  • decreases
  • stays the same
  • cannot be predicted

Answer: 2

Question. The agency for estimating national income is-

  • Reserve Bank of India
  • Planning Commission
  • Ministry of Revenue
  • Central Statistical Organization (CSO)

Answer: 4

Question. Consumers are getting-

  • more demanding
  • critical
  • skeptic
  • all of the above

Answer 1

Question. The major problems being faced by the energy sector are-

  • rising oil prices
  • Oil import bill hiked
  • Sick SEBS
  • all of the above

Answer: 4

Question. What is stock dividend known as?

  • inventory
  • the gain
  • bonus share
  • Fund

Answer: 3

Question. What is the abbreviation for ‘CRY’?

  • child employment scheme
  • central employment scheme
  • child relief scheme
  • Child Relief And You

Answer: 4

Question. Industry’s (Level Playing Field) reasoning is expected-

  • MNCs should be barred from investing capital in India.
  • MNCs should be licensed only in environment friendly technology.
  • Domestic industry needs at par with MNCs. keep
  • Priority should be given to domestic industry.

Answer: 3

Question. The Planning Commission of India constituted a committee of 12 members to improve the financial sector, its chairman is?

  • Janaki Raman
  • Raghuram Rajan
  • Rakesh Mohan
  • KV Kamath

Answer: 2

Question. Whose approval is required to start the Five Year Plan?

  • Finance Minister
  • Prime minister
  • National Development Council
  • Parliament

Answer: 3

Question. Where is the Indian Statistical Institute (IST) located?

  • New Delhi
  • Mumbai
  • Chennai
  • Kolkata

Answer: 4

Question. According to the budget estimates of 1999-2000, which tax is expected to generate maximum revenue?

  • Excise duty
  • Corporation tax
  • Income tax
  • Custom duty

Answer 1

Question. Which head of the budget comes from the sale of government bonds?

  • cost capital
  • current expenses
  • capital received
  • revenue received

Answer: 3

Question. What is the main source of revenue of the central government?

  • Income tax
  • Corporation tax
  • central excise tax
  • Custom duty

Answer: 2

Question. What is the best source of revenue for the state government?

  • motor vehicle tax
  • entertainment tax
  • custom duty
  • sales tax

Answer: 4

Question. Varuna scheme is related to …….

  • supersonic aircraft
  • weapon
  • cloud sprinkler
  • none of these

Answer: 3

Question. Which country has the highest per capita income?

  • USA
  • Canada
  • Germany
  • Kuwait

Answer 1

Question. In which of the following state is the Barh Super Power Project located?

Answer: ??

What would be the correct answer to this question? Do tell by commenting below.

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