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