Indian Economy

LSSSSB Non-Technical · General Awareness & Science · 15 practice questions with answers and explanations: 7 Easy, 8 Medium, 0 Hard.

Sample questions

Sample Easy question 1

The 'Make in India' initiative was launched in:

  1. 2018
  2. 2005
  3. 2010
  4. 2014
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Answer: D. It aims to encourage manufacturing in India.

Sample Easy question 2

MGNREGA guarantees how many days of wage employment per rural household in a year?

  1. 50 days
  2. 100 days
  3. 200 days
  4. 150 days
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Answer: B. The Act was passed in 2005.

Sample Easy question 3

The currency of India is the:

  1. Taka
  2. Rupee
  3. Rupiah
  4. Dollar
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Answer: B. The RBI issues rupee notes.

Sample Medium question 4

Inflation means a rise in the:

  1. Interest on deposits
  2. Value of the rupee abroad
  3. General price level
  4. Level of employment
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Answer: C. Prices of goods and services increase over time.

Sample Medium question 5

Which tax is a direct tax?

  1. GST
  2. Customs duty
  3. Excise duty
  4. Income tax
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Answer: D. Direct taxes are paid by the person on whom they are levied.

Sample Medium question 6

The financial year in India runs from:

  1. 1 October to 30 September
  2. 1 January to 31 December
  3. 1 July to 30 June
  4. 1 April to 31 March
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Answer: D. The budget covers this period.

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