Indian Economy

20 Practice MCQs available for CA Foundation

Paper

Paper 4: Business Economics

Exam Weightage

10%

Key Topics

History, Sectors, Current Scenario

This chapter provides an overview of the Indian economy — its historical evolution, the economic reforms of 1991 (LPG: Liberalization, Privatization, Globalization), and the current structure of agriculture, industry, and services sectors. Students learn about India's growth trajectory and key economic indicators.

Exam Strategy Tip

This chapter has evolved significantly. Focus on recent developments, GDP contribution by sector, and understand the significance of the 1991 reforms. Questions are often fact-based and current-affairs oriented.

All 20 Questions

181

The primary sector of the Indian economy consists of:

182

NITI Aayog replaced:

183

Demonetization was aimed at curbing:

184

Green Revolution is related to:

185

GST was implemented in India on:

186

Make in India campaigned was launched in:

187

Which sector contributes most to India’s GDP?

188

Liberalization, Privatization and Globalization (LPG) reforms were introduced in:

189

Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA) was passed in:

190

Human Development Index (HDI) is published by:

191

Disguised unemployment is common in:

192

Pradhan Mantri Jan Dhan Yojana promotes:

193

The concept of Five Year Plans was borrowed from:

194

Poverty Line in India is estimated by:

195

Which state has the highest literacy rate in India?

196

RTE Act stands for:

197

MSME stands for:

198

Start-up India scheme was launched to promote:

199

FEMA stands for:

200

Digital India programme was launched in:

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