Indian Economics -Model Question Papers

1 . In India Public Sector is Most Prominent in which sector ?
A. steel

B. transport

C. finance

2 . Where was set up the first steel factory in India?
A. Jamshedpur

B. Durgapur

C. Burnpur


3 . In which industry among following the largest number of workers employed in India?
A. jute

B. sugar

C. cotton textile


4 . Which region has largest share of India's exports?
A. EEC

B. ESCAP

C. OPEC


5 . What is India's rank in production of Sugar?
A. First

B. Second

C. Third


6 . In how many zones Indian Railway has been divided?
A. 14

B. 16

C. 18


7 . Life Insurance Corporation of India is a …?
A. department of Govt. of India

B. corporation established by a special Act of Parliament,

C. Independent Body


8 . Sometimes, a consumer is motivated to buy some commodity not because it has become cheaper or the income has increased, but
A. Neighbor Effect

B. Demonstration Effect

C. Snob Effect


9 . While calculating Price Elasticity of demand , which among following should be constant?
A. Price

B. Demand

C. Consumer's Income


10 . In calculating cross elasticity of demand, the change in demand and price is taken for how many commodities?
A. One

B. Two

C. Three


11 . Colgate and Pepsodent are …….to each other?
A. Substitutes

B. Compliments

C. Unrelated


12 . If two goods have no relationship with each other , what would be cross elasticity among them?
A. 1

B. 0

C. infinite


13 . Demand of which among the following will be called as Direct Demand?
A. Weaving Machine

B. Sweater

C. Wool for Factory



14 . Sales from Domestic Tariff Area (DTA) to SEZs are to be treated as ..?
A. Exports

B. Imports

C. Domestic Sales


15 . EPCG scheme is ….?
A. Export Promotion of Consumer Goods

B. Export Promotion of Capital Goods

C. Export Products for Capital Gains


16 . Under which scheme export performance and incremental export performance of states are being taken into account for enhancing
A. ASIDE

B. MPEDA

C. MDA


17 . A market situation in which there are many
A. Monopoly

B. Oligopoly

C. Monopolistic Competition


18 . From which among the following one can judge the size and composition of assets and liabilities of a company?
A. Ledger Account

B. Balance Sheet

C. Profit & Loss Account


19 . Which among the following has the first position in FDI in India?
A. USA

B. England

C. Mauritius


20 . Which among the following is major export of India?
A. Tea

B. Jute

C. Cotton