The document provides information about economics MCQs and facts related to India's economy. It discusses topics like the father of Blue Revolution in India (Hiralal), the organization that regulates capital markets in India (SEBI), and the year of first devaluation of the Indian rupee (1949). It also provides the full forms of important economic acronyms like UPI and SIDBI, and highlights organizations like RBI, IDBI, and their years of establishment.

1. ECONOMICS MCQs
👉 Father Of Blue Revolution → Hiralal
👉 Monetary Policy Com. → Urjit P. Committee
👉 SIDBI Headquarters → Lucknow
👉 1st Devolution Of IND Rupee (₹) → 1949
👉 1st Paper Currency In IND 💵 → 1861
Explanation IMP FACTS SET 3

2. I N D O L O G U S
भारत में राजकोषीय नीतत तकसक
े द्वारा तैयार की जाती है-
Fiscal Policy in India is formulated by-
(a) The Reserve Bank of India
(b) The Planning Commission
(c) The Finance Ministry
(d) The Securities and
Exchange Board of India
Ans :C
🔰In economics and political science, fiscal
policy is the use of government revenue
collection and expenditure to influence a
country's economy.

3. I N D O L O G U S
भारतीय लघु उद्योग तिकास बैंक (तसडबी) की स्थापना की गई?
Small Industries Development Bank of India (SIDBI), set up in?
A. April 2, 1990
B. June 2, 1978
C. July 2, 1998
D. August 4, 1925
Ans :A
🔰It was set up on 2nd April 1990.
🔰 It acts as the Principal Financial Institution
for Promotion, Financing and Development
of the Micro, Small and Medium Enterprise
(MSME) sector.
🔰Headquarters: Lucknow

4. I N D O L O G U S
भारत में पहली बार कागजी मुद्रा का प्रचलन तकस िषष हुआ था?
Paper currency was first started in India in which year?
A. 1787
B. 1861
C. 1878
D. 1834
Ans :B
🔰British India Issued commence with the
Paper Currency Act of 1861 which gave the
Government the monopoly of note issuing
in India.
🔰 Charles Canning, was the first to
introduce paper currency in Indian
subcontinent in 1861 officially.

5. I N D O L O G U S
कौन सा तनकाय भारत में पूंजी बाजार को तनयूंतित करता है?
Which body regulates the Capital market in India?
a) Ministry of Finance
b) SEBI
c) RBI
d) IRDAI
Ans :B
🔰The Securities and Exchange Board of
India (SEBI) is the regulatory authority
established under the SEBI Act 1992 and is
the principal regulator for Stock Exchanges
in India.
Founded: 12 April 1988
Headquarters: Mumbai

6. I N D O L O G U S
भारतीय अथषव्यिस्था क
े उदारीकरण का अग्रदत तकसे कहा जाता है?
Who is called as the pioneer of liberalization of India economy?
(a) Dr. Man Mohan
Singh
(b) P.V. Narsimha Rao
(c) Dr. Bimal Jalan
(d) P. Chidambaram
Ans :A
🔰• Dr. Manmohan Singh is called the
pioneer of the liberalization of the Indian
Economy.
🔰The Eighth five-year plan Known as Rao
and Manmohan Plan.
The Government announced the new
Industrial Policy whereby it:
• Reduced import tariffs
• Opened doors for foreign direct
investment and
• Introduced a market-determined
exchange rate system.

7. I N D O L O G U S
कौन सा सूंगठन िास्ति में नकदी शेष बनाए रखने क
े तलए बैंकोूं की तनगरानी करता है?
Which organisation monitors the banks in actually maintaining cash
balance?
A. State Bank of India
B. Axis Bank
C. Reserve Bank of
India
D. Bank of Baroda
Ans :C
🔰A major source of the cash balance at
RBI is the Government of India and the
other central banks.
🔰 They maintain their cash balances in
form of deposits with RBI.
🔰Founded: 1 April 1935, Kolkata
🔰Governor: Shaktikanta Das

8. I N D O L O G U S
भारत का पहला आतिकाररक जनगणना अतभयान तकस िषष में शुरू तकया गया था?
India's first official census operation was undertaken in which year?
A. 1898
B. 1867
C. 1881
D. 1834
Ans :C
🔰India’s first official census operation was
undertaken in the year 1881. After that the
census has been conducted after every 10
years. It involves a detailed estimation of
population size, along with a complete
demographic profile of the country.

9. I N D O L O G U S
आतथषक दृति से िैश्वीकरण तीव्र गतत से …….. की प्रतिया है। देशोूं क
े बीच।
In Economic terms, Globalization is the process of rapid ………. between
countries.
a) Integration
b) Competition
c) Investment
d) Change
Ans :A
🔰The correct answer is Integration.
Globalization is the process by which
ideas, goods, and services spread
throughout the world.

10. I N D O L O G U S
भारत में आतथषक सुिार नीततयोूं को सबसे पहले तकस िषष में पेश तकया गया था?
In India the economic reform policies were first introduced in which year ?
A. 1989
B. 1991
C. 1982
D. 1993
Ans :B
🔰Economic reforms were introduced in
the year 1991 for faster and better
economic growth.
🔰It was initiated by the Narasimha Rao
Government for the sake of building
people's trust in the Indian economy.

11. I N D O L O G U S
आरबीआई बैंकोूं से तकस ब्याज दर पर उिार लेता है?
What is the interest rate at which RBI borrows from banks ?
a) Repo rate
b) Reverse Repo rate
c) Bank rate
d) Marginal Standing
Facility
Ans :B
🔰The Reserve Bank of India controls the
rate of interest on loans and savings. The
rate of interest at which commercial banks
borrow money from the RBI is called the
repo rate.

12. I N D O L O G U S
यपीआई का पणष रूप क्या है?
What is the full form of UPI?
a) Unified Pair Interface
b) United Paid Interface
c) Unified Payments
Interface
d) Unified Payment
income
Ans :C
🔰Unified Payments Interface (UPI) is a
system that powers multiple bank accounts
into a single mobile application (of any
participating bank), merging several
banking features.
Owner: National Payments Corporation of
India
Introduced: 11 April 2016

13. I N D O L O G U S
आईडीबीआई की स्थापना तकस िषष में हुई थी?
IDBI was established in which year?
A. 1978
B. 1998
C. 1964
D. 1987
Ans :C
🔰Industrial Development Bank of India
(IDBI) was constituted under the Industrial
Development Bank of India Act, 1964 .
headquarter-Mumbai
Founded- 1 July 1964

14. I N D O L O G U S
कौन से बैंक ऋण देने की गतततितियााँ नहीूंकर सकते हैं?
Which banks cannot undertake lending activities?
a) Payment Banks
b) Small Finance Banks
c) Cooperative Banks
d) Regional Rural Banks
Ans :A
🔰As per RBI guidelines, Payment Banks
cannot undertake lending activities.
payments bank is like any other bank, but
operating on a smaller scale without
involving any credit risk. In simple words, it
can carry out most banking operations but
can't advance loans or issue credit cards.

15. I N D O L O G U S
भारत का रािर ीय स्टॉक एक्सचेंज स्थातपत तकया गया था?
The National Stock Exchange of India was established in?
(a) 1990
(b) 1991
(c) 1992
(d) 1993
Ans :c
🔰NSE was incorporated in 1992. It was
recognised as a stock exchange by SEBI in
April 1993 and commenced operations in
1994 with the launch of the wholesale
debt market.

16. I N D O L O G U S
कौन सी सूंस्था औद्योतगक उत्पादन का सचकाूंक जारी करती है?
Which organisation releases the Index of Industrial Production?
a) Central Statistics
organisation
b) Ministry of Finance
c) Finance Commission
d) Indian Labour
Bureau
Ans :A
🔰The Index of Industrial Production (IIP) is
an index that indicates the performance of
various industrial sectors of the Indian
economy. It is calculated and published by
the Central Statistical Organisation (CSO)
every month.

17. I N D O L O G U S
भतिष्य तनति और लघु बचत तकस खाते में रखी जाती है?
Provident Funds & Small savings are kept in which account?
a) Public Account
b) Consolidated fund
c) Contingecy fund
d) None of the above
Ans :A
🔰Money held by the government in a
trust — such as in the case of Provident
Funds, Small Savings collections, income of
government set apart for expenditure
reserve/special Funds, etc — are kept in
the Public Account.

18. I N D O L O G U S
भारत अूंतराषिर ीय मुद्रा कोष का सदस्य कब बना?
When did india become a member of the international monetary Fund?
(a)1952
(b)1950
(c)1947
(d)1945
Ans :D
🔰India joined the International Monetary
Fund on December 27, 1945, as one of the
IMF's original members.
Managing Director: Kristalina Georgieva
Founded: July 1944,

19. I N D O L O G U S
तकस सतमतत ने मौतद्रक नीतत सतमतत क
े गठन की तसफाररश की है?
Which committee has recommended the formation of Monetary Policy
Committee?
a) Nachiketmor
Committee
b) Tendulakr
Committee
c) Rangarajan
Committee
d) Urjit Patel
Committee.
Ans :D
🔰Urijit Patel Committee first proposed the
idea for the formation of a five-member
Monetary Policy Committee.
Usually the Chairman of the Monetary
Policy Committee is the governor of RBI.

20. I N D O L O G U S
तिश्व व्यापार सूंगठन का मुख्यालय स्स्थत है?
The Headquarters of WTO is situated in?
A. Paris
B. London
C. Geneva
D. Brussels
Ans :C
🔰The World Trade Organization (WTO) is
an international organisation dealing with
rules of trade between nations. It was
established on 1 January 1995 in Geneva,
Switzerland.
🔰It has 164 countries as its members.

21. I N D O L O G U S
भारत में नीली िाूंतत क
े जनक कौन हैं?
Who is the father of the Blue Revolution in India?
a) Hiralal Chaudhary
b) Sam pitroda
c) Verghiese Kurien
d) MS.Swaminathan
Ans :A
🔰Dr. Hiralal Chaudhuri was an Indian
Bengali fisheries scientist.
🔰 He was the father of induced breeding
of the carp.
🔰 The Blue revolution in India was
developed on the basis of seed production
technology.

22. I N D O L O G U S
भारतीय रुपये का पहला अिमल्यन कब हुआ था?
When did the first devaluation of Indian rupee took place?
A. 1987
B. 1978
C. 1934
D. 1949
Ans :D
🔰First devaluation of the Indian Rupee
took place on 19th September, 1949.
🔰"The Indian Rupee was devalued in
1949, 1966 and 1991.

23. I N D O L O G U S
औद्योतगक नीतत सूंकल्प 1956 क
े अनुसार उद्योगोूं को तकतनी श्रेतणयोूं में रखा गया?
According to the Industrial Policy Resolution, 1956 industries were laid into
how many categories?
a) 5
b) 6
c) 3
d) 7
Ans :C
🔰According to the Industrial Policy
Resolution, 1956, industries were classified
into three categories on the basis of
ownership:

24. I N D O L O G U S
राज्य सरकार की राजस्व प्रास्ियोूं का सबसे बडा तहस्सा आता है?
The largest share of revenue receipts of the State Government comes from?
(a) General sales tax
(b) Land revenue
(c) Share of union
excise duty
(d) Registration fee
Ans :A
🔰The main source of state revenue is
state taxes, which consist primarily of
personal income taxes and general sales
taxes.
Corporate tax is the single largest source of
income to the government of India.

25. I N D O L O G U S
'गरीबी क
े दुष्चि' की अििारणा का सूंबूंि है-
The concept of 'Vicious Circle of Poverty' is related to-
(a) Karl Marx
(b) Ragnar Nurkse
(c) Adam Smith
(d) None of these
Ans :B
🔰Ragnar Nurkse, an economist in 1953
introduced the model vicious circle of
poverty theory to demonstrate low level of
economic activity.
🔰Vicious circle of poverty implies that
poverty is the cause of poverty. A poor
person, in order to repay his existing debt,
will borrow some more, thereby adding to
his debt.

26. I N D O L O G U S
कालष माक्सष ने तनम्नतलस्खत में से तकस तसद्ाूंत की सहायता से िगष सूंघषष की प्रतिया की
व्याख्या की?
Karl Marx explained the process of class struggle with the help of which one
of the following theories?
(a) Empirical liberalism
(b) Extentialism
(c) Darwin's theory of
evolution
(d) Dialectical
materialism
Ans :D 🔰The basic tenets of dialectical
materialism are: that everything that exists
is material and is derived from matter; that
matter is in a process and constant change;
and that all matter is interconnected and
interdependent.