DAILY GK 30 JULY 2025

Indian Economy – MCQ Set (Q1 to Q10)

Q1. Which sector contributes the most to India's GDP?
A. Agriculture
B. Industry
C. Services
D. Mining

Answer: C. Services

Q2. Who prepares the National Income estimates in India?
A. Finance Ministry
B. Planning Commission
C. Reserve Bank of India
D. Central Statistical Office (CSO)

Answer: D. Central Statistical Office (CSO)

Q3. What does GDP stand for?
A. Gross Domestic Product
B. General Development Plan
C. Gross Development Parameter
D. Government Development Project

Answer: A. Gross Domestic Product

Q4. The concept of ‘economic planning’ in India is borrowed from:
A. USA
B. UK
C. USSR
D. Germany

Answer: C. USSR

Q5. Which of the following is NOT a direct tax?
A. Income Tax
B. Corporate Tax
C. GST
D. Capital Gains Tax

Answer: C. GST

Q6. Disguised unemployment is generally found in:
A. Urban factories
B. Agricultural sector
C. IT Sector
D. Banking sector

Answer: B. Agricultural sector

Q7. Which organisation issues the monetary policy in India?
A. SEBI
B. Ministry of Finance
C. Reserve Bank of India
D. NITI Aayog

Answer: C. Reserve Bank of India

Q8. Which of the following is a qualitative tool of credit control?
A. Bank Rate
B. Open Market Operations
C. Moral Suasion
D. CRR

Answer: C. Moral Suasion

Q9. The Green Revolution in India was mainly for the production of:
A. Pulses
B. Wheat and Rice
C. Sugarcane
D. Oilseeds

Answer: B. Wheat and Rice

Q10. NITI Aayog replaced which institution?
A. RBI
B. Planning Commission
C. CSO
D. FCI

Answer: B. Planning Commission