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Free Economy MCQs for LDC

Practice 20 free Economy multiple choice questions for LDC exam. Instant answers with explanations in Hindi and English.

Strengthen your Economy knowledge with focused MCQ practice. Every question is sourced from real Rajasthan exam patterns. Switch between Hindi and English, review explanations, and track your progress.

LDC — Economy

20 Questions • Instant results & explanations • Hindi & English

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Question 1 of 20

What is the primary characteristic of 'Shoeleather Costs' during an inflationary period?

Question 2 of 20

Match the following economic metrics (List-I) with their primary utility (List-II): List-I 1. Nominal GDP 2. Real GDP 3. Per Capita GDP 4. Gross Value Added (GVA) List-II a. Supply-side indicator revealing structural performance b. Broad proxy for average standard of living c. Evaluates value using current market prices d. Inflation-adjusted measure of actual output expansion Choose the correct code:

Question 3 of 20

If a bank fails to meet its Priority Sector Lending (PSL) targets, it can deposit the shortfall amount in which of the following funds managed by NABARD?

Question 4 of 20

Which specific committee's robust recommendations led directly to the establishment of the Central Vigilance Commission (CVC) in India?

Question 5 of 20

Which of the following is NOT an Indian Credit Rating Agency?

Question 6 of 20

In which year was the 'On Tap' licensing mechanism for private banks adopted by the RBI?

Question 7 of 20

Why is the family considered the unit of calculation for poverty rather than the individual?

Question 8 of 20

Which of the following is NOT classified under the 'Committed Expenditure' of the state?

Question 9 of 20

Which of the following is a correct classification based on impact on assets and liabilities?

Question 10 of 20

Who among the following is NOT a member of the committee that recommends the appointment of the State Information Commissioner?

Question 11 of 20

In the context of the banking sector, what is the sequence of events triggered by a severe recession? 1. Stifling of new credit creation 2. Mass household and corporate defaults 3. Financial system pushed toward insolvency 4. Surge in Non-Performing Assets (NPAs) Select the correct chronological sequence:

Question 12 of 20

The 'Tarun' category of MUDRA loan offers credit between:

Question 13 of 20

Which of the following actions is identified as the necessary structural transformation to solve India's reliance on expensive foreign capital?

Question 14 of 20

Assertion (A): The World Trade Organization (WTO) relies on the IMF to enforce its rules-based multilateral trading system. Reason (R): The WTO systematically reduces tariff and non-tariff barriers to ensure trade serves as a primary engine of global growth.

Question 15 of 20

Which of the following were the direct and immediate economic consequences of international credit rating agencies downgrading India's sovereign rating during the 1991 crisis? 1. Access to external commercial borrowing instantly ceased. 2. Non-resident Indians rapidly withdrew their foreign currency deposits. 3. The IMF immediately issued an unconditional, debt-free grant. 4. Foreign Direct Investment surged to record highs.

Question 16 of 20

Match the following Women Welfare Schemes with their correct classification: List-I (Scheme) A. Beti Bachao Beti Padhao B. CM Nari Shakti Udyam Protsahan C. PM Matru Vandana Yojana D. Indira Gandhi National Old Age Pension List-II (Classification) i. Economic Development ii. Educational Development iii. Social Security iv. Social Welfare

Question 17 of 20

Match the educational milestone (List I) with the corresponding financial incentive amount distributed to the parents under the Lado Protsahan Yojana (List II) and select the correct answer: List-I A. Admission to Class 1 B. Admission to Class 6 C. Admission to Class 10 D. Admission to Class 12 List-II i. ₹ 20,000 ii. ₹ 10,000 iii. ₹ 25,000 iv. ₹ 15,000

Question 18 of 20

For a developing country like India, the De minimis limit for Amber Box subsidies is capped at what percentage of the total value of agricultural production?

Question 19 of 20

Which fund deals with unforeseen expenditures?

Question 20 of 20

Budget in India operates for which time period?

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