Indian Economy Multiple Choice Questions (MCQs)
Explore a comprehensive set of Multiple Choice Questions (MCQs) on the Indian Economy designed for various competitive examinations such as SSC, State, and other One Day Examinations in India. These objective questions cover a wide range of topics related to the Indian economy, providing valuable practice material for aspirants preparing for competitive exams. Enhance your knowledge and test your understanding of economic concepts with these thoughtfully crafted questions. Whether you are gearing up for SSC, State PSC, or other competitive exams, these MCQs are an excellent resource to strengthen your preparation and excel in your examinations.
1. Rs. 100 notes Printing Location:
- Rs. 100 notes are printed in which of the following? [A] The Indian Security Press Nasik [B] The Security Printing Press Hyderabad [C] The bank Note Press, Dewas [D] All1,2&3
Answer: The Rs. 100 notes are printed at [D] All1,2&3.
2. Publisher of "World Economic Outlook Report":
- Which of the following institution releases the "World Economic Outlook Report"? [A] World Bank [B] Federal Reserve Bank [C] International Monetary Fund [D] International Finance Corporation
Answer: The "World Economic Outlook Report" is released by [C] International Monetary Fund.
3. CRAR in Business and Banking:
- In the context of business and banking, what is CRAR? [A] Capital to Risk Asset Ratio [B] Credit to Risk Asset Ratio [C] Credit to Risk Assessment Ratio [D] Capital to Risk Assessment Rate
Answer: CRAR stands for [A] Capital to Risk Asset Ratio.
4. Nature of Stock Market Deals:
- The stock market deals in _______? [A] Only short term securities [B] Only Long term securities [C] Both short term and long term securities [D] Only secured bonds
Answer: The stock market deals in [C] Both short term and long term securities.
5. Initiation of Micro Finance Movement in India:
- The beginning of the micro finance movement in India could be traced to the self-help group (SHGs) – bank linkage programme (SBLP) started as a pilot project by National Bank for Agricultural and Rural Development (NABARD). In which year did this pilot project start? [A] 1990 [B] 1991 [C] 1992 [D] 1999
Answer: The pilot project started in [A] 1990.
06. Determiner of Minimum Support Prices:
- Which of the following decides the Minimum Support Prices on behalf of the Government of India? [A] Ministry of Agriculture [B] Cabinet Committee on Economic Affairs [C] Commission for Agricultural Costs & Prices [D] None of Them
Answer: The Minimum Support Prices are decided by [C] Commission for Agricultural Costs & Prices.
07. Intermediation Cost in Banking:
- In the context of banking, Intermediation cost refers to which among the following? [A] Payments to and provisions for employees [B] Total operating expenses [C] Total non-interest expenses [D] None of them
Answer: Intermediation cost refers to [B] Total operating expenses.
08. IPO in Company Context:
- What is IPO in the context of a company? [A] The first sale of stock by a private company to the public [B] Upgradation of shares from primary to secondary market [C] Selling of shares at premium by a company [D] Convert of a private limited company to public limited Company
Answer: IPO stands for [A] The first sale of stock by a private company to the public.
09. Representation of Capitalisation of Profits:
- Which among the following represents capitalisation of profits? [A] Preference shares [B] Sweet Equity [C] Bonus Shares [D] Rights Issue
Answer: Capitalisation of profits is represented by [C] Bonus Shares.
10. Regional Rural Banks in India:
- Consider the following statements about the Regional Rural Banks in India: 1. The area of operation of the RRBs is limited to notified few districts in a State 2. The combined shareholding of the central government and the sponsor bank cannot be less than 51% in case of RRB Which of the above statements is/are correct?
[A] 1 Only [B] 2 Only [C] Both 1 & 2 [D] Neither 1 nor 2
Answer: The correct statements are [C] Both 1 & 2.
- 11. Which of the above are Pre-paid Payment Instruments (PPIs)?
[A] 1 & 2 Only [B] 3 Only [C] 2 & 3 Only [D] 1, 2 & 3
Answer: Pre-paid Payment Instruments (PPIs) include [C] 2 & 3 Only.
- 12. Balance of Payment Adjustment:
- The balance in the current account and capital account together can be adjusted in the Balance of Payment with the help of _?
[A] Special Drawing Rights (SDR) [B] Treasury bill (T-Bill) [C] Demonetization of higher currency notes [D] e-auctions of Commercial Papers
Answer: The adjustment is facilitated with [A] Special Drawing Rights (SDR).
- 13. Initiative of Financial Action Task Force (FATF):
- The Financial Action Task Force (FATF) is an initiative of:
[A] SAARC [B] IMF [C] BRICS [D] G7 countries
Answer: FATF is an initiative of [D] G7 countries.
- 14. Introduction of State Secondary Education Boards:
- Which among the following industries were not exclusively reserved for the government under the Industrial policy of 1948?
[A] 5th [B] 3rd [C] 2nd [D] 4th
Answer: State secondary education boards were introduced in the [A] 5th Five-year plan.
- 15. Declaration of Agricultural Drought by State Government:
- When does the state government declare agricultural drought in an area?
[A] Rainfall less than normal by 10% [B] Rainfall less than normal by 5% [C] More than 20% state facing drought [D] None of the above
Answer: The declaration is based on [C] More than 20% state facing drought.
- 16. Maximum Land for Ownership Rights of Tribals or Forest Dwellers:
- What is the maximum land for the right to ownership of land farmed by tribals or forest dwellers?
[A] 5 Hectares [B] 6 Hectares [C] 8 Hectares [D] 4 Hectares
Answer: The maximum land is [C] 8 Hectares.
- 17. Establishment Year of Small Farmers’ Agri-Business Consortium (SFAC):
- In which year was Small Farmers’ Agri-Business Consortium (SFAC) established?
[A] 1991 [B] 1994 [C] 1995 [D] 1996
Answer: SFAC was established in [C] 1995.
- 18. Industries Not Exclusively Reserved for Government in 1948 Industrial Policy:
- Which among the following industries were not exclusively reserved for the government under the Industrial policy of 1948?
[A] Atomic energy [B] Rail Transport [C] Arms and ammunition [D] Fertilizers
Answer: The industry not exclusively reserved was [D] Fertilizers.
- 19. Location of International Centre for Automotive Technology:
- Where is the International Centre for Automotive Technology located?
[A] Manesar [B] Chennai [C] Noida [D] Visakhapatnam
Answer: The International Centre for Automotive Technology is located in [A] Manesar.
- 20. Largest 2 Wheeler Manufacturing Company in the World:
- Which is the largest 2 wheeler manufacturing company in the world?
[A] Hero Moto Corp [B] Honda [C] Bajaj Auto [D] Suzuki
Answer: The largest 2 wheeler manufacturing company is [B] Honda.
- 21. Top State in Tank Irrigation:
- Tank irrigation is highest in which of the following states of India?
[A] Uttar Pradesh [B] Madhya Pradesh [C] Andhra Pradesh [D] Tamil Nadu
Answer: Tank irrigation is highest in [C] Andhra Pradesh.
- 22. Top Cement Consuming Country:
- Which is the top cement consuming country in the world?
[A] Vietnam [B] India [C] China [D] USA
Answer: The top cement consuming country is [C] China.
- 23. Largest Consumer Goods Exporter:
- Which is the largest consumer goods exporting country in the world?
[A] China [B] USA [C] Japan [D] Germany
Answer: The largest consumer goods exporting country is [A] China.
- 24. Leading FMCG Company in Indian Market:
- Which FMCG company has the largest share in the Indian market?
[A] HUL [B] ITC [C] P&G [D] Patanjali
Answer: The company with the largest share is [A] HUL.
- 25. Largest Medical Device Market:
- Which among the following has the largest medical device market in the world?
[A] India [B] USA [C] Canada [D] China
Answer: The largest medical device market is in [B] USA.
- 26. Service Export of India Scheme:
- When was the Service Export of India scheme launched?
[A] 2016 [B] 2015 [C] 2017 [D] 2020
Answer: The Service Export of India scheme was launched in [A] 2016.
- 27. India's Rank in Technology Startups:
- What is the rank of India in technology-related startups?
[A] 3 [B] 2 [C] 4 [D] 5
Answer: India's rank is [B] 2.
- 28. Policy Rate:
- Which among the following is known as the policy rate?
[A] Repo rate [B] Reverse repo rate [C] Bank rate [D] MSF
Answer: The policy rate is [A] Repo rate.
- 29. Introduction Year of Masala Bonds:
- In which year were masala bonds introduced for the first time?
[A] 2010 [B] 2013 [C] 2015 [D] 2014
Answer: Masala bonds were introduced in [C] 2015.
- 30. Northeastern State with Highest Hydro Power Potential:
- Which northeastern state has the highest potential to develop small hydro power projects?
[A] Assam [B] Sikkim [C] Meghalaya [D] Arunachal Pradesh
Answer: The state with the highest potential is [D] Arunachal Pradesh.
0 Comments