Indian Economy MCQ Questions for Bank Exams - 1

Question: 1

Which one of the following is not a department of the Finance Ministry?

(A) Department of Budget

(B) Department of Revenue

(C) Department of Expenditure

(D) Department of Economic Affairs

Question: 2

Net factor income from abroad added to GDP gives

(A) NDP

(B) NNP

(C) GNP

(D) Per capita income

Question: 3

The largest contribution in India’s National Income is from

(A) Service sector

(B) Primary sector

(C) Secondary sector

(D) Any of the above

Question: 4

The Cabined Mission Plan for India envisaged a

(A) Union of States

(B) Unitary form of Government

(C) Confederation

(D) Federation

Question: 5

Who was the first Indian to raise the National Flag?

(A) Annie Besant

(B) Madam Cama

(C) Mahatma Gandhi

(D) Sardar Patel