Economics Question & Answer PDF Download

1500+ Economics Question & Answer PDF Download

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1500+ Economics Question & Answer PDF Download: Economics is very important for every competitive exam these days. Today, 3 to 4 questions are seen from the Economics section in every competitive exam. This is the right time before the exam to pay attention to your weak side.

You can download 1500 Economics Multiple Choice Questions With Answer PDF through the direct link given at the bottom of the post.Also, we will request you to share this pdf with your friends too.

1500+ Economics Question & Answer PDF

In this session today, we have come up with more than 1500 questions and answers from the Economics section. You can practice these questions before the exam. So that you can solve all the questions from Economics.

We have already provided you with 1500+ History Question & Answer PDF. Here we have come up with a collection of 1500 questions from the Economics section in English which is going to be very useful for you. 1500+ Economics Question & Answer PDF is available here to download.

If you are preparing for any government exam, then we would advise you to download this PDF and give the right direction to your study. All these questions have been asked in the previous year. This 1500+ Economics MCQ Question & Answer PDF is very important for all exams Whether you are preparing for RRB NTPC, RRB GROUP D, or SSC.

Economics Question & Answer PDF Download

Article Name 1500+ Economics Question & Answer PDF Download
Category Study Materials
Subject Economics
Important For All Competitive Exams
Total Questions 1500
Format PDF
Question Type Multiple Type Questions (MCQ)
Official Website

Important Economics Question And Answer 

Below we have shown some questions from this pdf. You can download the PDF after reading these questions. All the questions are in English and we will bring it to Hindi soon. We have also attached some more study material below. You can also download them and prepare them.

1. National Development Council was set up in:

(a) 1948

2. Economic Planning is a subject: [Asstt Grade 1991]

(a) in the Union List
(b) in the State List
(c) in the Concurrent List
(d) unspecified in any special list

3. The National Development Council gets its administrative support from:

(a) Planning Commission
(b) Finance Commission
(c) Administrative Reforms Commission
(d) Sarkaria Commission

4. The Five Year Plans of India intend to develop the country industrially through: [NDA 1991]

(a) the public sector
(b) the private sector
(c) the public, private, joint and Cooperative sectors
(d) increasing collaboration with non-resident Indians

5. The Planning Commission is : [UP PCS 1994]

(a) a Ministry
(b) a Government department
(c) an Advisory body
(d) an Autonomous Corporation

6. ‘Take off stage’ in an economy means: [CBI 1990]

(a) steady growth begins
(b) economy is stagnant
(c) economy is about to collapse
(d) all controls are removed

7. Planning in India derives its objectives from:

(a) Fundamental Rights
(b) Directive Principles of State policy
(c) Fundamental Duties
(d) Preamble

8. 70% of working population of India is engaged in:

(a) public sector
(b) primary sector
(c) secondary sector
(d) tertiary sector

9. Who is called the ‘Father of Economics’ ?

(a) Max Muller
(b) Karl Marx
(c) Adam Smith
(d) None of these

10. The concept of Five Year Plans in India was introduced by

(a) Lord Mountbatten
(b) Jawaharlal Nehru
(c) Indira Gandhi
(d) Lal Bahadur Shastri

11. India has: [CDS 1992]

(a) Socialistic economy
(b) Gandhian economy
(c) Mixed economy
(d) Free economy

12. India opted for ‘Mixed Economy’ in :

(a) Framing of the Constitution
(b) Second Five Year Plan
(c) Industrial Policy of 1948
(d) None of the above

13. India’s economic planning CANNOT be said to be : [NDA 2002]

(a) indicative
(b) imperative
(c) limited
(d) democratic

14. Who is the Deputy Chairman of Planning Commission?

(a) Prime Minister
(b) Finance Minister
(c) Commerce Minister
(d) None of the above

15. The deputy chairman of the Planning Commission: [UP PCS 1994]

(a) is the Prime Minister
(b) is the Planning Minister
(c) holds the rank of a cabinet minister
(d) is an economist of repute

16. Who was the first Deputy Chairman of Planning Commission of India?

(a) Shri Jawaharlal Nehru
(b) Dr.Rajendra Prasad
(c) Shri V.T.Krishnamachari
(d) Shri C.Rajagopalachari

17. The first attempt to initiate economic planning in India was made by:

(a) Balwantrai Mehta
(b) Vallabhbhai Patel
(c) M. Visvesvaraya
(d) Jawaharlal Nehru

18. The decentralisation system was recommended by :

(a) C.Rajagopalachari
(b) J.B. Kripalan
(c) Balwant Rai Mehta
(d) Ashok Mehta

19. The strategy of Rolling plan was adopted during the Prime Ministership of: [Railways 1994]

(a) Lal Bahadur Shastri
(b) Indira Gandhi
(c) Morarji Desai
(d) Rajiv Gandhi

20. The growth rate of agricultural production was negative in the:

(a) First Plan
(b) Second Plan
(c) Third Plan
(d) Fourth Plan

What do we cover in 1500+ Economics Question & Answer PDF?

  • Types of Economics
  • Branches of Economics
  • Famous theories
  • National Income.
  • Income, Expenditure & Saving
  • Taxes
  • Inflation
  • Foreign Currency
  • Five-year plans
  • Indian Tax Structure
  • Previous year asked questions

About 1500+ Economics Question & Answer PDF

 Below we provide you all detail about this 1500+ Economics Question & Answer PDF.

About 1500+ Economics Question & Answer PDF
Name of PDF 1500+ Economics Question & Answer PDF
Type MCQ
Post Category Study Material For All Exams
Language English
Format PDF
Size 400 kb
No. of Pages 145
Quality Best
Compiled By

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Frequently Asked Questions

Q. What is the meaning of Economics?

Ans. – Economics is the study of how society uses its limited resources. Economics is a science that deals with the production, distribution, and consumption of goods and services.

Q. Who is the father of Economics?

Ans. – Adam Smith is known as the father of Economics.

Q. Who is the father of Indian Economics?

Ans. – P.V. Narasimha Rao was part of Vande Matram movement in late 1930s is known as the father of Indian Economics.

Q. Who is considered as the father of modern Indian economics?

Ans. – PV Narasimha Rao is referred to as the “father” of modern Indian Economics for the introduction of the free market reforms during his tenure.

Q. How can I download Economics Objective Questions in English?

Ans. – You can download Economics Objective Questions in English from


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