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MCQOPTIONS
This section includes 2369 Mcqs, each offering curated multiple-choice questions to sharpen your Economics knowledge and support exam preparation. Choose a topic below to get started.
| 801. |
The Economic Survey of India is published every year by the official |
| A. | by finance ministry |
| B. | by planning commission |
| C. | by ministry of industry |
| D. | by Reserve Bank of India |
| Answer» B. by planning commission | |
| 802. |
R. b. Mother Where is the headquarter of - |
| A. | Delhi |
| B. | Kolkata |
| C. | Mumbai |
| D. | Chennai |
| Answer» D. Chennai | |
| 803. |
License to open a new branch of the bank. . . . . . . . . . . is given by - |
| A. | Finance Ministry |
| B. | Indian Banks Association |
| C. | R. b. Mother |
| D. | state government |
| Answer» D. state government | |
| 804. |
The largest bank of India is- |
| A. | Reserve Bank of India |
| B. | State Bank of India |
| C. | Central Bank Of India |
| D. | bank of india |
| Answer» B. State Bank of India | |
| 805. |
Issues currency notes in India - |
| A. | Finance Ministry |
| B. | finance secretary |
| C. | State Bank of India |
| D. | Reserve Bank of India |
| Answer» E. | |
| 806. |
Who controls the credit generated by commercial banks? |
| A. | State Bank of India |
| B. | Reserve Bank of India |
| C. | finance ministry |
| D. | Indian government |
| Answer» C. finance ministry | |
| 807. |
The function of Reserve Bank of India is not- |
| A. | currency note issue |
| B. | currency planning |
| C. | Take control of all the banks in India |
| D. | credit to exporters |
| Answer» E. | |
| 808. |
Gilt edged market is related to- |
| A. | mutilated old currency notes |
| B. | Gold - Silver / Bullion |
| C. | government securities |
| D. | corporate debenture |
| Answer» D. corporate debenture | |
| 809. |
Which of the following bank India is the central bank of India? |
| A. | State Bank Of India |
| B. | bank of india |
| C. | Union Bank Of India |
| D. | Reserve Bank of India |
| Answer» E. | |
| 810. |
Which one is called the bank of banks in India? |
| A. | Reserve Bank of India |
| B. | State Bank of India |
| C. | back of india |
| D. | Central Bank Of India |
| Answer» B. State Bank of India | |
| 811. |
In July 1991, the Indian rupee was devalued in two phases. In the first phase, the devaluation of the Indian rupee to the US dollar was |
| A. | 20 percent |
| B. | 21 percent |
| C. | 22 percent |
| D. | 23 percent |
| Answer» B. 21 percent | |
| 812. |
In which year Indian Rupee was devalued in two phases - |
| A. | in 1949 |
| B. | in 1966 |
| C. | in 1991 |
| D. | in 1994 |
| Answer» D. in 1994 | |
| 813. |
In which year was the last devaluation of Indian Rupee done? |
| A. | in 1966 |
| B. | in 1991 |
| C. | in 1994 |
| D. | in 2000 |
| Answer» C. in 1994 | |
| 814. |
In which year was the Indian Rupee first devalued? |
| A. | in 1949 |
| B. | in 1966 |
| C. | in 1991 |
| D. | in 1994 |
| Answer» B. in 1966 | |
| 815. |
How many times Indian Rupee has been devalued till now? |
| A. | Once |
| B. | twice |
| C. | three times |
| D. | four times |
| Answer» D. four times | |
| 816. |
When was Rupee declared fully convertible in current accounts? |
| A. | on August 19, 1992 |
| B. | on August 19, 1994 |
| C. | On March 30, 1994 |
| D. | On March 30, 1995 |
| Answer» C. On March 30, 1994 | |
| 817. |
Presently, full convertibility of Rupee is applicable in India on the basis of balance of payments – |
| A. | on business account only |
| B. | on capital account |
| C. | on current account |
| D. | on all of these |
| Answer» D. on all of these | |
| 818. |
Indian currency made fully convertible |
| A. | In the Union Budget of 1992 - 93 |
| B. | In the Union Budget of 1993 - 94 |
| C. | In the Union Budget of 1994 - 95 |
| D. | In the Union Budget of 1995 - 96 |
| Answer» C. In the Union Budget of 1994 - 95 | |
| 819. |
The largest part of India's foreign exchange is spent on |
| A. | on import of food grains |
| B. | on import of iron and steel |
| C. | on import of petroleum |
| D. | on the import of technical knowledge |
| Answer» D. on the import of technical knowledge | |
| 820. |
The official exchange rate of Indian currencyrupeeis related to - |
| A. | From the pound sterling |
| B. | by dollar |
| C. | s . D . R. from |
| D. | Selected foreign exchange |
| Answer» E. | |
| 821. |
The most accepted definition of black money is - |
| A. | This is illegal income |
| B. | These are undisclosed and concealed income |
| C. | These are incomes that are not justified |
| D. | It is the income on which tax has not been evaded |
| Answer» E. | |
| 822. |
Indicates the purpose of devaluation - |
| A. | export promotion |
| B. | import incentive |
| C. | black money control |
| D. | deficit budget restrictions |
| Answer» B. import incentive | |
| 823. |
When was the first letter-currency movement started in India? |
| A. | 1542 AD |
| B. | 1601 AD |
| C. | 1680 AD |
| D. | 1806 AD |
| Answer» E. | |
| 824. |
The meaning of the word invaluable is - |
| A. | Decreasing the value of the indigenous currency against the other currency |
| B. | increase the value of the domestic currency |
| C. | Issuance of new currency in exchange for indigenous currency |
| D. | none in suitable |
| Answer» B. increase the value of the domestic currency | |
| 825. |
Which component has contributed majorly to the growth of India's foreign exchange reserves? |
| A. | devaluation of rupee |
| B. | direct and indirect foreign investment |
| C. | full convertibility of rupee |
| D. | all of which |
| Answer» E. | |
| 826. |
Zero rate of inflation must be considered in the year when - |
| A. | Zero annual rate of inflation for each week of the year |
| B. | Decrease the annual rate of inflation every week of the year |
| C. | Inflation rate increased and decreased in the year |
| D. | Keep the annual rate of inflation constant for each week of the year |
| Answer» B. Decrease the annual rate of inflation every week of the year | |
| 827. |
What causes inflation? |
| A. | decline in production |
| B. | Increase in money supply and decline in production |
| C. | increase in money supply |
| D. | increase in production |
| Answer» D. increase in production | |
| 828. |
Inflation in India is measured by - |
| A. | by wholesale price index |
| B. | By Consumer Price Index for Urban Non-Workers |
| C. | by consumer price index for agricultural workers |
| D. | national income by deflation |
| Answer» B. By Consumer Price Index for Urban Non-Workers | |
| 829. |
The simultaneous presence of high rate of inflation and high rate of unemployment is called |
| A. | Stalemate |
| B. | stagflation |
| C. | floating inflation |
| D. | Inflation |
| Answer» C. floating inflation | |
| 830. |
Which is used to find inflation in India? |
| A. | consumer price Index |
| B. | Product price index |
| C. | wholesale price index |
| D. | none of these |
| Answer» D. none of these | |
| 831. |
Inflation can be checked by- |
| A. | savings budget |
| B. | increase in direct taxation |
| C. | cut government expenditure |
| D. | all of which |
| Answer» E. | |
| 832. |
Which of the following is the class which suffers the most due to inflation? |
| A. | debtors |
| B. | creditors |
| C. | merchant class |
| D. | holder of real assets |
| Answer» C. merchant class | |
| 833. |
Inflation market commodities - |
| A. | become cheaper, |
| B. | get expensive |
| C. | don't match at all |
| D. | meet in abundance |
| Answer» C. don't match at all | |
| 834. |
Currency contraction is caused by - |
| A. | shortfall in the supply of goods and services relative to the money supply |
| B. | decrease in imports compared to exports |
| C. | decrease in the supply of money relative to the supply of goods and services |
| D. | none of the suitable |
| Answer» D. none of the suitable | |
| 835. |
In deficit financing, the gap between expenditure and revenue is bridged by printing extra paper money. The purpose of this strategy is economic development. But if it fails then what situation arises from it? |
| A. | currency contraction |
| B. | currency devaluation |
| C. | inflation |
| D. | currency deflation |
| Answer» D. currency deflation | |
| 836. |
Benefit from inflation |
| A. | Saver |
| B. | lender |
| C. | indebted to |
| D. | pension recipient |
| Answer» D. pension recipient | |
| 837. |
The arrangement in which the value of money falls and the prices rise is called- |
| A. | inflation |
| B. | currency deflation |
| C. | Recession |
| D. | amotivation |
| Answer» B. currency deflation | |
| 838. |
The process of ever increasing prices is |
| A. | Recession |
| B. | overproduction |
| C. | inflation |
| D. | currency deflation |
| Answer» D. currency deflation | |
| 839. |
The state of the economy in which there is a recession along with inflation is called- |
| A. | inflation |
| B. | stagflation |
| C. | amortization |
| D. | reflection |
| Answer» C. amortization | |
| 840. |
Which of the following is not helpful in controlling money supply? |
| A. | free market policy |
| B. | currency reserve ratio |
| C. | bank rate policy |
| D. | Change in Margin Requirement |
| Answer» B. currency reserve ratio | |
| 841. |
The currency of which countries is usually hard currency? |
| A. | of developing countries |
| B. | of developed countries |
| C. | of underdeveloped countries |
| D. | of less developed countries |
| Answer» C. of underdeveloped countries | |
| 842. |
Cheap money means - |
| A. | easy availability of the country's currency in the international markets |
| B. | Loans available at low interest rates to industries, businesses and consumers in the country |
| C. | To make loans available at higher interest rates to industries, businesses and consumers in the country. |
| D. | the availability of foreign exchange cheaply relative to the former |
| Answer» B. Loans available at low interest rates to industries, businesses and consumers in the country | |
| 843. |
The legal currency of India is - |
| A. | euro |
| B. | Rupee |
| C. | Dollar |
| D. | Pound sterling |
| Answer» C. Dollar | |
| 844. |
The introduction of new currency by the government by abolishing the old currency is called - |
| A. | devaluation |
| B. | Monetization |
| C. | currency contraction |
| D. | inflation |
| Answer» C. currency contraction | |
| 845. |
What is hawala |
| A. | full knowledge of a subject |
| B. | Illegal trading of foreign exchange |
| C. | Illegal transaction of securities in the stock market |
| D. | tax evasion |
| Answer» C. Illegal transaction of securities in the stock market | |
| 846. |
The currency in which the creditor cannot legally refuse to accept the payment is called- |
| A. | legal currency |
| B. | hard currency |
| C. | easy money |
| D. | hot currency |
| Answer» B. hard currency | |
| 847. |
The propounders of the law of the market were - |
| A. | records |
| B. | J. b. from. |
| C. | a . C . drink |
| D. | Malthus |
| Answer» C. a . C . drink | |
| 848. |
Hard currency means - |
| A. | a currency whose supply is less than the demand |
| B. | money that has more supply than demand |
| C. | a currency whose supply and demand are both constant |
| D. | none of the suitable |
| Answer» B. money that has more supply than demand | |
| 849. |
resham's lawis related to which of the following - |
| A. | consumption and demand |
| B. | supply and demand |
| C. | currency circulation |
| D. | deficit economy |
| Answer» D. deficit economy | |
| 850. |
Money creates money itself- Who introduced this definition - |
| A. | marshal |
| B. | Crowther |
| C. | kroomer |
| D. | hanson |
| Answer» D. hanson | |