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Indian Economy MCQs for RRB NTPC 2024 Aspirants

Indian Economy MCQs: The Indian economy is a vast and dynamic subject that plays a significant role in various competitive exams, including the RRB NTPC 2024. For aspirants looking to ace the General Awareness section, having a solid understanding of key economic concepts, historical events, and government policies is essential. One of the most crucial areas in this section is the economy of India, which encompasses a wide range of topics like economic planning, national income, banking, agriculture, industry, and economic reforms.

This article presents 25 important multiple-choice questions (MCQs) with answers, carefully selected to help aspirants strengthen their knowledge of India’s economic framework. The questions are designed to cover a broad spectrum of topics, including historical economic events, government committees, and key economic measures that have shaped the country’s growth trajectory.

Indian Economy MCQs for RRB NTPC 2024 Aspirants
Indian Economy MCQs for RRB NTPC 2024 Aspirants

Indian Economy MCQs for RRB NTPC 2024

Here is a 25 set of multiple-choice questions (MCQs) for the RRB NTPC Exam 2024 preparation. These questions cover various aspects of Indian economics, government policies, and historical events, aimed at helping you test your knowledge on these subjects.

Who authored the book Planned Economy for India in 1934?

  • a) Jawaharlal Nehru
  • b) Dr. B.R. Ambedkar
  • c) Sir M. Visvesvaraya
  • d) C.D. Deshmukh

Where is the National Institute of Rural Development (NIRD) located?

  • a) New Delhi
  • b) Mumbai
  • c) Hyderabad
  • d) Bengaluru

Which committee presented the India Infrastructure Report?

  • a) Rangarajan Committee
  • b) Rakesh Mohan Committee
  • c) Gadgil Committee
  • d) Narasimham Committee

Kasturba Gandhi Education Scheme is related to:

  • a) Higher education
  • b) Girls’ education
  • c) Vocational training
  • d) Skill development

During which Five-Year Plan was the national income growth rate recorded as the lowest?

  • a) First Plan
  • b) Second Plan
  • c) Third Plan
  • d) Fourth Plan

Under which Five-Year Plan was the slogan Garibi Hatao given?

  • a) First Plan
  • b) Fourth Plan
  • c) Fifth Plan
  • d) Seventh Plan

Dividends declared by companies are based on:

  • a) Authorized capital
  • b) Issued capital
  • c) Subscribed capital
  • d) Paid-up capital

When did the Government of India first nationalize 14 banks?

  • a) 1969
  • b) 1975
  • c) 1980
  • d) 1991

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What is the main task of the Finance Commission?

  • a) Issuing currency notes
  • b) Deciding central taxes for states
  • c) Implementing monetary policy
  • d) Overseeing foreign exchange

Which crop saw the highest production increase due to the Green Revolution?

  • a) Wheat
  • b) Rice
  • c) Maize
  • d) Sugarcane

In which year was the Central Board of Excise and Customs separated from the Central Board of Revenue?

  • a) 1956
  • b) 1963
  • c) 1971
  • d) 1982

When was the Asian Development Bank (ADB) established?

  • a) 1956
  • b) 1960
  • c) 1966
  • d) 1972

What is the concessional lending window of the World Bank known as?

  • a) International Bank for Reconstruction and Development
  • b) International Finance Corporation
  • c) Multilateral Investment Guarantee Agency
  • d) International Development Association

Which system was introduced by the Reserve Bank of India Act in 1956?

  • a) Minimum Reserve System
  • b) Cash Reserve Ratio
  • c) Statutory Liquidity Ratio
  • d) Currency Control System

In which year was the Industrial Reconstruction Bank of India (IRBI) established?

  • a) 1975
  • b) 1980
  • c) 1985
  • d) 1990

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Under which Five-Year Plan was the National Women’s Fund established?

  • a) Sixth Plan
  • b) Seventh Plan
  • c) Eighth Plan
  • d) Ninth Plan

Who prepared the final draft of the Five-Year Plans?

  • a) Finance Commission
  • b) Planning Commission
  • c) National Development Council
  • d) Parliament

On the recommendation of which committee was NABARD established?

  • a) Narasimham Committee
  • b) Shivaraman Committee
  • c) Gadgil Committee
  • d) Malhotra Committee

Whose signature appears on the Indian one-rupee note?

  • a) Governor of RBI
  • b) Finance Minister
  • c) Finance Secretary
  • d) President of India

In which year was the first census conducted in India?

  • a) 1861
  • b) 1872
  • c) 1881
  • d) 1891

When was the National Security Fund established?

  • a) 1947
  • b) 1952
  • c) 1962
  • d) 1972

The Bretton Woods Conference of 1944 led to the creation of which international organization?

  • a) International Monetary Fund (IMF)
  • b) World Trade Organization (WTO)
  • c) United Nations (UN)
  • d) European Union (EU)

VAT (Value Added Tax) replaced which tax?

  • a) Excise Duty
  • b) Income Tax
  • c) Sales Tax
  • d) Service Tax

Who wrote the book Value and Capital?

  • a) Adam Smith
  • b) Alfred Marshall
  • c) J.M. Keynes
  • d) J.R. Hicks

What was the primary objective of the Unit Trust of India (UTI)?

  • a) Promote industrial investment
  • b) Provide small investors with an investment avenue
  • c) Regulate financial markets
  • d) Offer agricultural loans

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Answers to Indian Economy MCQs for RRB NTPC 2024 Aspirants

In this section, we provide the correct answers to the 25 multiple-choice questions (MCQs) based on the Indian economy. These answers will help you verify your understanding of key concepts and historical facts that are crucial for the RRB NTPC 2024 exam. Here are the answers to the questions:

  1. c) Sir M. Visvesvaraya
  2. c) Hyderabad
  3. b) Rakesh Mohan Committee
  4. b) Girls’ education
  5. d) Fourth Plan
  6. c) Fifth Plan
  7. d) Paid-up capital
  8. a) 1969
  9. b) Deciding central taxes for states
  10. a) Wheat
  11. b) 1963
  12. c) 1966
  13. d) International Development Association
  14. a) Minimum Reserve System
  15. b) 1980
  16. a) Sixth Plan
  17. b) Planning Commission
  18. b) Shivaraman Committee
  19. c) Finance Secretary
  20. b) 1872
  21. c) 1962
  22. a) International Monetary Fund (IMF)
  23. c) Sales Tax
  24. d) J.R. Hicks
  25. b) Provide small investors with an investment avenue

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