Indian Economy

1.		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

2.		The National Rural Employment Guarantee Act (NREGA) guarantees how many days of employment per year to rural households in India?

50 days

100 days

150 days

200 days

3.		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

4.		What is the role of the Finance Commission in India's fiscal federalism?

To allocate resources between the center and states

To implement monetary policy

To regulate the stock market

To manage India's foreign exchange reserves

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

Public ownership of means of production

Central planning by the government

Emphasis on profit maximization

Provision of social welfare

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

Service tax

Excise duty

Corporate tax

Value-added tax (VAT)

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

Banks

Insurance companies

Stock exchanges

Agricultural cooperatives

8.		What is the Human Development Index (HDI) used for?

To measure economic growth

To measure poverty levels

To measure overall human well-being

To measure environmental sustainability

9.		Which of the following sectors of the Indian economy has the highest share in the country's Gross Domestic Product (GDP)?

Agriculture

Manufacturing

Services

Mining

10.		Which of the following is a key feature of the Indian economy?

High per capita income

Strong manufacturing sector

High rate of economic growth

Low level of income inequality