MCQOPTIONS
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MCQOPTIONS
This section includes 291 Mcqs, each offering curated multiple-choice questions to sharpen your Indian Economy knowledge and support exam preparation. Choose a topic below to get started.
| 251. |
For whom was the first departmental life insurance started ? |
| A. | Army |
| B. | Civil officers of Central Government |
| C. | Employees of postal department |
| D. | Life Insurance Corporation |
| Answer» D. Life Insurance Corporation | |
| 252. |
Which of the following Mahatma Gandhi series of currency notes issued by the RBI has ecology depicted on it? |
| A. | Rs. 500 |
| B. | Rs. 100 |
| C. | Rs. 50 |
| D. | Rs. 5 |
| Answer» C. Rs. 50 | |
| 253. |
What is the revised upper limit for foreign direct investment in telecom service companies ? |
| A. | 49 per cent |
| B. | 51 per cent |
| C. | 66 per cent |
| D. | 74 per cent |
| Answer» E. | |
| 254. |
What has been the order of India s imports during the last three years ? |
| A. | US $ 30 billion |
| B. | US $ 40 billion |
| C. | US $ 50 billion |
| D. | US $ 60 billion |
| Answer» C. US $ 50 billion | |
| 255. |
Who has provided the Savings Bank facility to the largest number of account-holders in India? |
| A. | State Bank of India |
| B. | Punjab National Bank |
| C. | Allahabad Bank |
| D. | Post Office |
| Answer» E. | |
| 256. |
A firm sells new shares worth Rs. 1000 directly to individuals. This trans-action will cause. |
| A. | Gross National product to rise by Rs. 1000 |
| B. | Gross Domestic Product to rise by Rs. 1000 |
| C. | National Income to rise by Rs. 1000 |
| D. | No impact on Gross National Product |
| Answer» E. | |
| 257. |
In estimating the budgetary deficit, the official approach in India is to exclude |
| A. | long term borrowing from the market |
| B. | borrowings from the Reserve Bank of India |
| C. | drawing down of the cash balance |
| D. | borrowing from Reserve Bank in the form of ways and means advance |
| Answer» D. borrowing from Reserve Bank in the form of ways and means advance | |
| 258. |
How does the consumer benefit with VAT ? |
| A. | It removes tax on tax and thus reduces prise-rise |
| B. | Reduces the cost of production |
| C. | With the abolition of the sales tax |
| D. | Due to the exemption of small businesses from the tax within certain limits prescribed by the State |
| Answer» B. Reduces the cost of production | |
| 259. |
Which amidst the following banks was converted to a Universal Bank recently? |
| A. | Punjab National Bank |
| B. | ICICI Bank |
| C. | UTI Bank |
| D. | Indus-Ind Bank |
| Answer» C. UTI Bank | |
| 260. |
Why did the Government ban the import of Terminator seeds ? |
| A. | To contain a virus which can destroy local crops |
| B. | These seeds are injurious to human and animal health |
| C. | These seeds contain genetically engineered properties to prevent further multiplication |
| D. | These seeds multiply at very slow rates |
| Answer» D. These seeds multiply at very slow rates | |
| 261. |
What are Open Market Operations ? |
| A. | Activities of SEBI registered brokers |
| B. | Selling of currency by the RBI |
| C. | Selling of gilt-edged securities by the Government |
| D. | Sale of shares by FIIs |
| Answer» D. Sale of shares by FIIs | |
| 262. |
Which of the following Mahatma Gandhi seires of currency notes issued by the RBI has a drawing of the Parliament House depicted on it? |
| A. | Rs. 500 |
| B. | Rs. 100 |
| C. | Rs. 50 |
| D. | Rs. 10 |
| Answer» D. Rs. 10 | |
| 263. |
During which Five-Year Plan did India lay down the objective of the need to ensure environmental sustainability of the development strategy ? |
| A. | 6th Five Year Plan |
| B. | 7th Five Year Plan |
| C. | 8th Five Year Plan |
| D. | 9th Five Year Plan |
| Answer» E. | |
| 264. |
The Government of India made it obligatory on the part of all commercial banks that they should give some cash amount while purchasing Government bonds. What would you call this? |
| A. | Statutory Liquidity Ratio |
| B. | Cash Reserve Ratio |
| C. | Minimum Reserve Ratio |
| D. | Floating Reserve Ratio |
| Answer» B. Cash Reserve Ratio | |
| 265. |
Which amidst the following rural banks has been named after a river ? |
| A. | Prathama Bank |
| B. | Varada Grameen Bank |
| C. | Thar Anchalik Grameen Bank |
| D. | Aravali Kshetriya Grameen Bank |
| Answer» C. Thar Anchalik Grameen Bank | |
| 266. |
The best way, a bank can avoid loss is to |
| A. | lend only to individuals known to the bank |
| B. | accept sound collateral |
| C. | give only short-term loans |
| D. | lend only to bank s old customers |
| Answer» C. give only short-term loans | |
| 267. |
The receipts of which of the following taxes/duties are not shared with the States ? |
| A. | Tax on income except agriculture |
| B. | Corporation tax |
| C. | Surcharge on income tax |
| D. | Capital gain tax |
| Answer» B. Corporation tax | |
| 268. |
Which among the following subjects is not an aim of the monetary policy of the Reserve Bank of India ? |
| A. | Giving impetus to economic development |
| B. | Direct credit with objective criteria |
| C. | To control pressure of inflation |
| D. | To ensure social justice. |
| Answer» E. | |
| 269. |
Which among the following Indian State does not transacts its business through Reserve Bank of India ? |
| A. | Sikkim |
| B. | Jammu and Kashmir |
| C. | Arunachal Pradesh |
| D. | Mizoram |
| Answer» C. Arunachal Pradesh | |
| 270. |
Which of the following PSUs has been privatised? |
| A. | HZL |
| B. | CMC |
| C. | Hotel Corporation of India |
| D. | NALCO |
| Answer» B. CMC | |
| 271. |
Currency notes of Rs. 2 denomination and above are liabilities of : |
| A. | Government of India |
| B. | Reserve Bank of India |
| C. | State Bank of India |
| D. | All of the above |
| Answer» C. State Bank of India | |
| 272. |
The type of note issue system followed in India is : |
| A. | Maximum fiduciary system |
| B. | Minimum reserve system |
| C. | Proportional fiduciary system |
| D. | Fixed fiduciary system |
| Answer» C. Proportional fiduciary system | |
| 273. |
One of the objectives of Industrial Licensing Policy in India was to ensure : |
| A. | creation of adequate employment opportu-nities. |
| B. | free flow of foreign capital in Indian industries. |
| C. | use of modern technology. |
| D. | balanced industrial development across regions. |
| Answer» E. | |
| 274. |
Under the minimum reserve system, the Reserve Bank of India as the sole authority of note issue is required to maintain assets worth not less than |
| A. | 115 crores of rupees |
| B. | 85 crores of rupees |
| C. | 200 crores of rupees |
| D. | 210 crores of rupees |
| Answer» D. 210 crores of rupees | |
| 275. |
The system of issuing and monitoring of money in the market is known as |
| A. | Proportional reserve ratio |
| B. | Fixed reserve ratio |
| C. | Minimum reserve ratio |
| D. | Floating reserve ratio |
| Answer» D. Floating reserve ratio | |
| 276. |
Merchant Banking is an institution which provides finances to : |
| A. | domestic whole sale trade |
| B. | international trade among countries |
| C. | domestic retail trade among |
| D. | international aid agencies. |
| Answer» C. domestic retail trade among | |
| 277. |
Reserve Bank of India keeps some securities against notes. These securities are always less in comparisonto |
| A. | Gold and foreign bonds |
| B. | Gold |
| C. | Government bonds |
| D. | Gold, foreign bonds and Government bonds. |
| Answer» E. | |
| 278. |
The decimal system of Indian currency was started in |
| A. | 1950 |
| B. | 1955 |
| C. | 1957 |
| D. | 1960 |
| Answer» D. 1960 | |
| 279. |
Which among the following policy of Life Insurance Company is related to regular old-age pension? |
| A. | Jivan Kishore |
| B. | Jivan Chhaya |
| C. | Jivan Sanchay |
| D. | None of these |
| Answer» E. | |
| 280. |
What is NABARD s primary role? |
| A. | to provide term loans to state co-operative banks |
| B. | to assist state governments for share capital contribution |
| C. | to act as re-finance institution |
| D. | All of the above |
| Answer» E. | |
| 281. |
The Tara pore Committee recommended that before capital account was made convertible the rate of inflation should be brought down for three years to within : |
| A. | 3.5% |
| B. | 0.3% |
| C. | 4.6% |
| D. | 5.7% |
| Answer» B. 0.3% | |
| 282. |
Which amidst the following banks was recently converted to a Universal Bank ? |
| A. | Corporation Bank |
| B. | Bank of Baroda |
| C. | IDBI Bank |
| D. | Canara Bank |
| Answer» D. Canara Bank | |
| 283. |
RBI does not transact the buiness of which of the following state governmets ? |
| A. | Nagaland |
| B. | Assam |
| C. | J & K |
| D. | Rajasthan |
| Answer» D. Rajasthan | |
| 284. |
What is the maximum amount of investment in the shares of debentures of notified companies like the ICICI, the IDBI etc. that will entitle a rebate in income tax up to 20% of the amount invested? |
| A. | Rs. 80000 |
| B. | Rs. 60000 |
| C. | Rs. 20000 |
| D. | Rs. 10000 |
| Answer» B. Rs. 60000 | |
| 285. |
Under which Act/Policy was the BIFR established ? |
| A. | Industrial Policy of 1980 |
| B. | Companies Act |
| C. | Sick Industiral Companies Act |
| D. | MRTP Act |
| Answer» D. MRTP Act | |
| 286. |
Which authority recommends the principles governing the grantsin-aid of the revenues of the states out of the |
| A. | Consolidated Fund of India? Public Accounts Committee |
| B. | Union Ministry of Finance |
| C. | Finance Commission |
| D. | Inter-State Council |
| Answer» D. Inter-State Council | |
| 287. |
Which of the following is not a necessary condition for the development of India ? |
| A. | Capital Accumulation |
| B. | Resource discovery |
| C. | Population growth |
| D. | Technological development |
| Answer» D. Technological development | |
| 288. |
State which amongst the following is not true about VAT ? |
| A. | All States have uniform VAT for the same product |
| B. | State have discretion to fix the rate of tax within the four rates prescribed |
| C. | It will promote production efficiency of investments |
| D. | It will make our exports more competitive |
| Answer» E. | |
| 289. |
The Indian economy can be most appropriately described as a : |
| A. | Capitalist economy |
| B. | Socialist economy |
| C. | Traditional economy |
| D. | Mixed economy |
| Answer» E. | |
| 290. |
Antyodaya Programme is associated with : |
| A. | liberation of bonded labour |
| B. | bringing up cultural revolution in India |
| C. | demands of textile labourers |
| D. | upliftment of the poorest of the poor |
| Answer» E. | |
| 291. |
Which Bank was merged in the Punjab National Bank in February, 2003 ? |
| A. | Catholic Syrian Bank Ltd. |
| B. | Nainital Bank Ltd. |
| C. | Nedungadi Bank Ltd. |
| D. | Madurai Bank Ltd. |
| Answer» D. Madurai Bank Ltd. | |