Indian Economy

1.		Which of the following is not a component of India's financial system?

Banks

Insurance companies

Stock exchanges

Agricultural cooperatives

2.		Which of the following is a key objective of the National Food Security Bill?

To promote sustainable agriculture practices

To provide food security to all citizens

To reduce food waste and spoilage

To promote exports of agricultural products

3.		Which of the following is not a feature of a mixed economy?

Coexistence of public and private sectors

Central planning by the government

Free market forces

Emphasis on social welfare

4.		Which of the following is a primary function of the Reserve Bank of India (RBI)?

Issuing currency notes and coins

Regulating the stock market

Managing the foreign exchange reserves of India

Collecting income tax

5.		Which of the following is a type of direct tax in India?

Service tax

Excise duty

Corporate tax

Value-added tax (VAT)

6.		Which of the following is not a feature of a mixed economy?

Private and public sectors coexist

Resources are owned by both private and public sectors

Government controls all the resources

Price mechanism is used to determine the prices of goods and services

7.		What is the main objective of the National Food Security Act in India?

To provide free food to all citizens

To ensure food security to the poor

To reduce the import of food grains

To increase the export of food grains

8.		Which of the following is not a feature of a socialist economy?

Central planning of the economy

Collective ownership of the means of production

No private ownership of resources

Market forces are used to determine the prices of goods and services

9.		Which of the following is NOT a Five Year Plan after the liberalization of the Indian economy?

Eleventh Five Year Plan

Twelfth Five Year Plan

Thirteenth Five Year Plan

Fourteenth Five Year Plan

10.		Which of the following sectors of the Indian economy employs the largest number of people?

Agriculture

Manufacturing

Services

Mining