JAIIB Practice MCQs: Indian Economy
Test your knowledge of India’s economic history, growth, sectors and development using facts from the JAIIB practice material.
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Quiz Questions & Answers
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Question 1: Which two countries together contributed 50.5% of global GDP in 1000 AD, according to the Angus Maddison database?
Britain and China
Britain and America
India and Russia
India and China
Question 2: Which statement best describes India’s economy before independence, as presented in the material?
It was driven by rapid industrialisation.
It was characterised by near stagnation.
It was characterised by high per capita income.
It had already become a service-led economy.
Question 3: Who published early estimates of India’s national income for 1867–68 in “Poverty and Un-British Rule in India”?
V. K. R. V. Rao
Findlay Shirras
William Digby
Dadabhai Naoroji
Question 4: What annual growth rate did the term “Hindu Rate of Growth” refer to?
5.7%
9%
6.7%
3.5%
Question 5: Which year did the RBI prediction in the material identify for India to offset COVID-19 losses?
2028–29
2034–35
2023–24
2026–27
Question 6: Which sector includes economic activities that directly use natural resources?
Tertiary sector
Quinary sector
Secondary sector
Primary sector
Question 7: Which sector was the largest contributor to India’s GDP in 2020–21, according to the material?
Agriculture sector
Construction sector
Services sector
Manufacturing sector
Question 8: The Golden Fibre Revolution is associated with increased production of which crop?
Jute
Wheat
Cotton
Silk