Economy Quiz – 1By Mainak Roy / August 19, 2025 Economy Quiz - 1 1 / 20 1. At advanced stages of economic development, which sector typically contributes the least to the GDP? Secondary Sector Tertiary Sector Primary Sector Quaternary Sector 2 / 20 2. The Green Revolution played a key role in reducing India's dependence on the imports of which commodity? Wheat Sugar Cotton Oil 3 / 20 3. What was the slogan of the Census of India 2011? "We Count Everyone" "Inclusive India, Progressive India" "Our Census, Our Future" "People Come First" 4 / 20 4. In the context of banking, what does the acronym CTS stand for? Centralized Transaction System Cheque Truncation System Credit Transfer Service Core Transaction Settlement 5 / 20 5. Who was the leader of the Green Revolution in India? C. Subramaniam Verghese Kurien Norman Borlaug M. S. Swaminathan 6 / 20 6. In which year was the Fourth Five Year Plan launched? 1968 1969 1960 1965 7 / 20 7. What is the annual health coverage amount provided to a family under the 'Ayushman Bharat' scheme launched by the Government of India? ₹ 2 lakh ₹ 4 lakh ₹ 1 lakh ₹ 5 lakh 8 / 20 8. What does NABARD stand for in its full form? National Bank for Agriculture and Rural Development National Bank for Agriculture and Business Development National Authority for Banking and Rural Development National Association for Agriculture and Regional Development 9 / 20 9. As per the 2011 Census, which state is the second most populous in India? Maharashtra Rajasthan Uttar Pradesh West Bengal 10 / 20 10. Who is referred to as the father of 'Microeconomics'? Adam Smith John Maynard Keynes David Ricardo Alfred Marshall 11 / 20 11. Which type of tax is imposed on transactions that result in negative consequences, such as pollution? Sin Tax Income Tax Pigovian Tax Excise Duty 12 / 20 12. What is a trade agreement made between two parties called? Bilateral Agreement Free Trade Agreement Regional Agreement Multilateral Agreement 13 / 20 13. According to which scheme is there no requirement to maintain a minimum balance in bank accounts? Sukanya Samriddhi Yojana Atal Pension Yojana Pradhan Mantri Jan Dhan Yojana Stand-Up India Scheme 14 / 20 14. Who is responsible for announcing the Minimum Support Price (MSP) in India? NITI Aayog Reserve Bank of India Ministry of Finance Commission for Agricultural Costs and Prices (CACP) 15 / 20 15. Which statutory body for higher education was established during India’s First Five Year Plan? UGC AICTE ICSSR NCERT 16 / 20 16. The Swaran Singh Committee was constituted during the tenure of which Prime Minister? Lal Bahadur Shastri Indira Gandhi Morarji Desai Jawaharlal Nehru 17 / 20 17. From which year was the practice of showing the budget deficit discontinued in India? 1997 1990 1995 2000 18 / 20 18. Who functions as the banker to other banks? RBI Ministry of Finance NABARD SBI 19 / 20 19. Who was the Agriculture Minister responsible for introducing new agricultural technology in India during the Green Revolution? C. Subramaniam M. S. Swaminathan Rajendra Prasad V. Kurien 20 / 20 20. What is the name of the international organization that provides loans to the governments of various countries? World Bank World Health Organization World Trade Organization United Nations Your score is Restart quiz By Wordpress Quiz plugin