MCQOPTIONS
Saved Bookmarks
MCQOPTIONS
This section includes 325 Mcqs, each offering curated multiple-choice questions to sharpen your Indian Economy knowledge and support exam preparation. Choose a topic below to get started.
| 301. |
National Agriculture Insurance Scheme was implemented on |
| A. | Oct. 1997 |
| B. | Oct. 1998 |
| C. | Oct. 1999 |
| D. | Oct. 2000 |
| Answer» D. Oct. 2000 | |
| 302. |
What is NSSO ? |
| A. | National social science organisation |
| B. | National social study organisation |
| C. | National security science organisation |
| D. | National sample survey organisation |
| Answer» E. | |
| 303. |
The increase in oil seeds production was due to ? |
| A. | White revolution |
| B. | Yellow revolution |
| C. | Green revolution |
| D. | Brown revolution |
| Answer» C. Green revolution | |
| 304. |
Export-Import bank of India was established in ? |
| A. | 1981 |
| B. | 1982 |
| C. | 1983 |
| D. | 1984 |
| Answer» C. 1983 | |
| 305. |
Abid Husain Committee is related to ? |
| A. | Reform in taxes |
| B. | Reform in government projects |
| C. | Reform in small industries |
| D. | Reform in middle level industries |
| Answer» D. Reform in middle level industries | |
| 306. |
India is largest producer of Sponge Iron in the world ? |
| A. | True |
| B. | False |
| Answer» B. False | |
| 307. |
National Housing Bank (NHB) was established in ? |
| A. | 1988 |
| B. | 1989 |
| C. | 1990 |
| D. | 1991 |
| Answer» B. 1989 | |
| 308. |
Which one among the following formulates the fiscal policy in India ? |
| A. | Planning commission |
| B. | Finance commission |
| C. | The reserve bank of india |
| D. | Ministry of finance |
| Answer» E. | |
| 309. |
Which is the most important source of income for Government of India ? |
| A. | Interest |
| B. | Licence fee |
| C. | Income tax |
| D. | Excise duty |
| Answer» E. | |
| 310. |
National Rural Development Institute is situated at ? |
| A. | Delhi |
| B. | Shimla |
| C. | Hyderabad |
| D. | Mumbai |
| Answer» D. Mumbai | |
| 311. |
National Bank for Agriculture and Rural Development (NABARD) was established in ? |
| A. | 1980 |
| B. | 1981 |
| C. | 1982 |
| D. | 1983 |
| Answer» D. 1983 | |
| 312. |
The bank which has the highest number of branches in the world is ? |
| A. | State bank of india |
| B. | Rbs |
| C. | London bank |
| D. | Canara bank |
| Answer» B. Rbs | |
| 313. |
Life Insurance Corporation (LIC) of India was established in ? |
| A. | 1955 |
| B. | 1956 |
| C. | 1957 |
| D. | 1958 |
| Answer» C. 1957 | |
| 314. |
Who was the winner of new Rupee symbol contest ? |
| A. | S ravi chandra |
| B. | Vijay singh |
| C. | Anil agnihotri |
| D. | D udaya kumar |
| Answer» E. | |
| 315. |
International Monetary Fund (IMF) was established on : |
| A. | 25 september, 1944 |
| B. | 27 december, 1944 |
| C. | 25 september, 1945 |
| D. | 27 december, 1945 |
| Answer» E. | |
| 316. |
Sales Tax is |
| A. | Direct tax |
| B. | Indirect tax |
| C. | Tax imposed by central government |
| D. | Tax imposed by state government |
| Answer» C. Tax imposed by central government | |
| 317. |
define Gross domestic capital formation |
| A. | flow of expenditure devoted to increased or maintaining of the capital stock |
| B. | expenditure incurred on physical assets only |
| C. | production exceeding demand |
| D. | net addition to stock after depreciation |
| Answer» E. | |
| 318. |
What would be the total deposits if all the banks in an economy are nationalized and converted into a monopoly bank |
| A. | will decrease |
| B. | will increase |
| C. | will neither increase nor decrease |
| D. | None of the above |
| Answer» D. None of the above | |
| 319. |
Since independence, development and non-development expenditures have both increased; the increase in the former being a little more than in the other. Non-development expenditure involves I. interest payments II. subsidies III. defence IV. irrigation |
| A. | I, II |
| B. | I |
| C. | I, II, III |
| D. | II, III, IV |
| Answer» D. II, III, IV | |
| 320. |
In the second nationalization of commercial banks, number of banks nationalized were? |
| A. | 4 |
| B. | 5 |
| C. | 6 |
| D. | 8 |
| Answer» D. 8 | |
| 321. |
Meaning of Devaluation of a currency is |
| A. | reduction in the value of a currency vis-a-vis major internationally traded currencies |
| B. | permitting the currency to seek its worth in the international market |
| C. | fixing the value of the currency in conjunction with the movement in the value of a basket of pre-determined currencies |
| D. | fixing the value of currency in multilateral consultation with the IMF, the World Bank and major trading partners |
| Answer» B. permitting the currency to seek its worth in the international market | |
| 322. |
In the last one decade, which sectors have attracted the highest foreign direct investment inflows into India? |
| A. | Chemicals other than fertilizers |
| B. | Services sector |
| C. | Food processing |
| D. | Telecommunication |
| Answer» E. | |
| 323. |
Meaning of Gilt-edged market is |
| A. | bullion market |
| B. | market of government securities |
| C. | market of guns |
| D. | market of pure metals |
| Answer» C. market of guns | |
| 324. |
Which of the following is not included in Development expenditure of the Central government |
| A. | defence expenditure |
| B. | expenditure on economic services |
| C. | expenditure on social and community services |
| D. | grant to states |
| Answer» B. expenditure on economic services | |
| 325. |
ICICI stands for? |
| A. | chemical industry |
| B. | bureau |
| C. | corporation |
| D. | financial institution |
| Answer» E. | |