TOP-15 APPSC Group-1 Indian Economy Questions PDF:
Download TOP-15 APPSC Group-1 Indian Economy Questions PDF. These questions will be very useful for Andhra Pradesh Group-1 & 2 exams.
Download TOP-15 APPSC Group-1 Indian Economy Questions PDF
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Question 1: In which kind of unemployment people with higher levels of skills are employed in less productive jobs?
a) Underemployment
b) Disguised unemployment
c) Frictional unemployment
d) Structural unemployment
Question 2: Which quantity is measured by Gini coefficient?
a) Population density
b) Inflation
c) Income inequality
d) Poverty levels
Question 3: What is the difference between National Income at factor cost and National Income at Market Price?
a) Net income from abroad
b) Indirect taxes and subsidies
c) Value added
d) None of the above
Question 4: Who has authored the economic plan named the “People’s Plan”?
a) P C Mahalanobis
b) C N Vakil
c) Jayapraksh Narayan
d) M.N.Roy
Question 5: Which is our country’s first official house pricing index?
a) ABIDEX
b) HOUSIDEX
c) NHB RESIDEX
d) HOMIDEX
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Question 6: Which member of the World Bank group promotes FDI into the developing countries?
a) Multilateral Investment Guarantee Agency
b) International Finance Corporation
c) International Development Association
d) International Bank for Reconstruction and Development
Question 7: Which box of WTO contains subsidies that are trade distorting and encourage excess production?
a) Blue box
b) Green box
c) Amber box
d) Yellow box
Question 8: What is the allowed FDI in defence sector in India under automatic route?
a) 60%
b) 51%
c) 26%
d) 49%
Question 9: In which year was the government scheme named “Antyodaya Anna Yojana” launched?
a) 2000
b) 2005
c) 2007
d) 2009
Question 10: Which is the penal rate at which banks can borrow overnight funds from RBI?
a) Bank rate
b) Marginal Standing Facility
c) Repo rate
d) Reverse repo rate
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Question 11: Who has headed the 7th Pay Commission?
a) P.J.Nayak
b) Rangarajan
c) AK Mathur
d) Bimal Jalan
Question 12: Who can decide the admissibility of the cut motion?
a) Speaker of the house
b) President
c) Prime Minister
d) Council of Ministers
Question 13: What is the base year for the calculation of Consumer Price Index in India?
a) 2010
b) 2011
c) 2012
d) 2013
Question 14: What is the current Cash Reserve Ratio?
a) 6%
b) 5%
c) 8%
d) 4%
Question 15: Which Companies Act has introduced the One-person company?
a) Companies Act 1956
b) Companies Act 2013
c) Companies Act 1977
d) Companies Act 1976
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Answers & Solutions:
1) Answer (A)
2) Answer (C)
3) Answer (B)
4) Answer (D)
5) Answer (C)
6) Answer (A)
7) Answer (C)
8) Answer (D)
9) Answer (A)
10) Answer (B)
11) Answer (C)
12) Answer (A)
13) Answer (C)
14) Answer (D)
15) Answer (B)
