Indian Economy MCQs

91. Seasonal unemployment is highest among:
A. Doctors
B. Farmers and agricultural labourers
C. Software engineers
D. Bank employees
Answer: B

92. Structural unemployment occurs due to:
A. Seasonal changes only
B. Changes in the structure of the economy and mismatch of skills
C. Voluntary retirement
D. Inflation only
Answer: B

93. Frictional unemployment is mainly caused by:
A. Transition between jobs
B. Lack of rainfall
C. Industrial disputes only
D. Population growth alone
Answer: A

94. Which organisation releases the Multidimensional Poverty Index (MPI) for India in collaboration with global agencies?
A. NITI Aayog
B. RBI
C. SEBI
D. NABARD
Answer: A

95. Which of the following schemes aims at financial inclusion?
A. PM Jan Dhan Yojana
B. PMGSY
C. PMAY (Urban)
D. BharatNet
Answer: A

96. PM Jan Dhan Yojana was launched in:
A. 2012
B. 2013
C. 2014
D. 2016
Answer: C

97. Which of the following is the primary objective of Fiscal Policy?
A. Controlling money supply only
B. Managing government revenue, expenditure and borrowing
C. Printing currency notes
D. Regulating stock exchanges
Answer: B

98. Which of the following statements is correct?
A. RBI prepares the Union Budget.
B. NITI Aayog is a constitutional body.
C. GST is an indirect tax introduced through the 101st Constitutional Amendment.
D. Income Tax is an indirect tax.
Answer: C

99. Which of the following statements is correct?
A. CRR is maintained by banks with the RBI, while SLR is maintained by banks in the form of specified liquid assets.
B. Both CRR and SLR are maintained with the RBI.
C. Both CRR and SLR are maintained with the Ministry of Finance.
D. SLR is maintained with SEBI.
Answer: A

100. Which of the following statements is correct?
A. RBI formulates Fiscal Policy, while the Government formulates Monetary Policy.
B. Planning Commission replaced NITI Aayog in 2015.
C. The RBI is the central bank of India, and NITI Aayog replaced the Planning Commission in 2015 to promote cooperative federalism.
D. GST is a direct tax collected only by the Union Government.
Answer: C