MCQOPTIONS

Explore topic-wise MCQs in Indian Economy.

This section includes 69 Mcqs, each offering curated multiple-choice questions to sharpen your Indian Economy knowledge and support exam preparation. Choose a topic below to get started.

51.	Free Trade Policy
A.	absent of tariff
B.	restriction on the movements of goods
C.	existence of anti-dumping policy
D.	encouragement for balances growth
Answer» B. restriction on the movements of goods

52.	Many a time we hear about
A.	Special Economic Zone
B.	Small Economic Zone
C.	Special Enforcement Zone
D.	Service and Economic Zone
Answer» B. Small Economic Zone

53.	FERA
A.	FERA
B.	FEMA
C.	FENA
D.	FETA
Answer» C. FENA

54.	Which one of the following institution is related to
A.	ECGC
B.	GAIL
C.	CBDT
D.	IDBI
Answer» B. GAIL

55.	'MFN Claues'
A.	WTO is based
B.	IMF is based
C.	IBRD is based
D.	IDA based
Answer» B. IMF is based

56.	The earlier name of the
A.	UNCTAD
B.	GATT
C.	UNIDO
D.	OECD
Answer» C. UNIDO

57.	TRIPS and TRIMS
A.	IMF
B.	WTO
C.	IBRD
D.	IDA
Answer» C. IBRD

58.	Many a time we come across a term in financial newspaper
A.	It is the statements of receipt from foreign countries and payments made to foreign countries
B.	It is the statement of the total value of GDP and share of imports in it in terms of the percentage of GDP
C.	It is the statement of Total receipts of the Government and its share in total GDP in terms of percentage
D.	Only a and b
Answer» B. It is the statement of the total value of GDP and share of imports in it in terms of the percentage of GDP

59.	We very frequently read about
A.	Only 1
B.	Only 2
C.	Only 3
D.	All 1, 2 and 3
Answer» B. Only 2

60.	The National Institute for Agriculture Marketing
A.	Jaipur
B.	New Delhi
C.	Nagpur
D.	Hyderabad
Answer» B. New Delhi

61.	Which one of the following statements is correct with reference to
A.	The Foreign Exchange Regulating Act (FERA) was replaced by Foreign Exchange Management Act (FEMA) in the year 2001
B.	FERA was given a sunset clause of one year till 31st may, 2002 to enable Enforcement Directorate to complete the investigation of pending issues
C.	Under FEMA, violation of foreign exchange rules has ceased to be a criminal offence
D.	As per the new dispensation, Enforcement Directorate can arrest and prosecute the people for the violation of foreign exchange rule
Answer» C. Under FEMA, violation of foreign exchange rules has ceased to be a criminal offence

62.	In which of the following years was
A.	1991
B.	1995
C.	2000
D.	2005
Answer» C. 2000

63.	Assertion (A)
A.	Both (A) and (R) are true and (R) is the correct explanation of (A)
B.	Both (A) and (R) are true but (R) is not a correct explanation of (A)
C.	(A) is true but (R) is false
D.	(A) is false but (R) is true
Answer» B. Both (A) and (R) are true but (R) is not a correct explanation of (A)

64.	Foreign exchange rate
A.	The currency of any other country in the foreign exchange market
B.	US Dollar, which is the strongest currency in any foreign exchange market
C.	A fixed basket of currencies consisting of Dollar, Yen and Pound
D.	The currency of any other country as determined by the International Monetary Fund
Answer» B. US Dollar, which is the strongest currency in any foreign exchange market

65.	Which one of the following sequences is in correct chronological order that ultimately led to the setting up of
A.	GATT, Uruguay Rounds, Dunkel Draft, Marrakesh Treaty
B.	GATT, Dunkel Draft, Uruguay Rounds, Marrakesh Treaty
C.	Uruguay Rounds, GATT, Dunkel Draft, Marrakesh Treaty
D.	GATT, Uruguay Rounds, Marrakesh Treaty, Dunkel Draft
Answer» B. GATT, Dunkel Draft, Uruguay Rounds, Marrakesh Treaty

66.	Free trade zone
A.	where trade is done without restriction
B.	where any enterpreneur i free to start industries
C.	where infrastructural facilities were provided free to enterpreneurs by the Government
D.	where industries are free from excise duties and produce for exports
Answer» B. where any enterpreneur i free to start industries

67.	SEZ
A.	2004
B.	2005
C.	2006
D.	None of these
Answer» C. 2006

68.	'Trade Gap'
A.	Gap between total imports and total exports
B.	Gap between total GDP and total consumption
C.	Gap between available liquidity and expected demand
D.	Gap between budgeted revenue collection and actual collection of the same
Answer» B. Gap between total GDP and total consumption

69.	Which of the following organisations is involved in
A.	Reserve Bank of India (RBI)
B.	State trading Corporation of Inida (STCI)
C.	EXIM Bank
D.	Exort Credit and Guarantee Corporation (ECGC)
Answer» D. Exort Credit and Guarantee Corporation (ECGC)