Indian Economy MCQs
Indian Economy Multiple Choice Questions (MCQs) for SSC, State and all One Day Examinations of India. Objective Questions on Indian Economy for competitive examinations. These questions are part of GKToday’s 35000+ MCQs Bank Course in GKToday Android App
1. At which of the following place coins are not minted in India?
[A] Hyderabd
[B] Mumbai
[C] Noida
[D] Dewas
Show Answer
Correct Answer: D [Dewas]
Notes:
The Government of India mints coins at four mints located in Mumbai, Alipore (Kolkata), Saifabad (Hyderabad), Cherlapally (Hyderabad), and NOIDA (UP). Bangalore is the only place listed where there is no coin mint.
The Reserve Bank of India (RBI) prints and manages currency in India. The RBI is permitted to print currency up to 10,000 rupee notes. The Indian government regulates what denominations to circulate.
2. Which among the following scheme is exclusively for Micro, small & medium enterprises?
[A] Credit Linked Capital Subsidy Scheme
[B] Duty Entitlement Pass Book
[C] Duty Free Replenishment Card
[D] Focus Product Scheme
Show Answer
Correct Answer: A [Credit Linked Capital Subsidy Scheme]
3. Which among the following authority appoints a Deputy Governor in Reserve Bank of India?
[A] Governor of RBI
[B] Central Board of Directors
[C] Central Government
[D] Committee of the Central Board
Show Answer
Correct Answer: C [Central Government]
4. A Public Debt Office works as investment banker to the _____?
[A] Public
[B] Commercial Banks
[C] RBI
[D] Government
Show Answer
Correct Answer: D [Government]
5. Which among the following countries constitute the Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation (BIMSTEC) ?
[A] India, Bangladesh, Thailand, Myanmar
[B] India, Bangladesh, Sri Lanka, Thailand, Myanmar
[C] India, Bangladesh, Sri Lanka, Thailand, Myanmar, Nepal
[D] India, Bangladesh, Sri Lanka, Thailand, Myanmar, Nepal and Bhutan
Show Answer
Correct Answer: D [India, Bangladesh, Sri Lanka, Thailand, Myanmar, Nepal and Bhutan]
6. In context with the companies in India, who among the following is also known as “Residual Owner”?
[A] An equity shareholder
[B] A preference Shareholder
[C] A debenture Holder
[D] A Bond holder
Show Answer
Correct Answer: A [ An equity shareholder ]
Notes:
Equity is an instrument for its owner for share in profits (and losses). Equity shares are instruments issued by companies to raise capital and it represents the title to the ownership of a company. If the company fails or gets liquidated otherwise, the claim of equity shareholders on earnings and on assets in the event of liquidation, follows all others. Similarly, the dividend on equity shares is paid after meeting interest obligations and dividends to Preference shareholders. That is why the holders of the Equity shares are also known as ‘residual owners’
7. Which of the following is the correct order for irrigation methods adopted in India?
[A] Tube wells> Canals> Wells> Tanks
[B] Tube wells> Wells> Canals>Tanks
[C] Canals> Tube wells> Wells> Tanks
[D] Wells> Canals> Tube wells> Tanks
Show Answer
Correct Answer: A [ Tube wells> Canals> Wells> Tanks ]
Notes:
First option is the correct answer.
Since 1950-51, the government had given considerable importance to the development of command area under canals. In 1950-51, the Canal irrigated area was 8.3 million hectares and it currently stands at 17 million hectares. Despite that, the relative importance of Canals has come down from 40% in 1951 to 26% in 2010-11. On the other hand, the well and tube well accounted for 29% total irrigated area and now they share 64% of the total irrigated area.
Well Irrigation is common in alluvial plains of the country except the deserts of Rajasthan. Plains of UP, Bihar, Gujarat, Karnataka & Tamil Nadu are the states which are more prominently under the well irrigation. Canals are second most important source of irrigation in India after wells and tube wells. The Canals are irrigating those lands which have large plains, fertile soils and perennial rivers. The plains of North India are mostly canal irrigated. Other parts are coastal low lands and some parts of Peninsular India. The states are: Andhra Pradesh, Assam, Haryana, Jammu & Kashmir, West Bengal, Punjab Rajasthan, Bihar, Karnataka, Tamilnadu and UP.
8. Consider the following statements about India Post Payments Bank (IPPB):
- IPPB will provide digitally-enabled payments and remittance services
- IPPB will use postmen to help deliver banking services
Which of the above statements is/are correct?
[A] 1 Only
[B] 2 Only
[C] Both 1 & 2
[D] Neither 1 nor 2
Show Answer
Correct Answer: C [ Both 1 & 2 ]
Notes:
Both are correct statements
9. Travel and Tourism Competitive Index (TTCI) is published by:
[A] World Economic Forum
[B] World Tourism Organization
[C] World Travel & Tourism Council
[D] Amnesty International
Show Answer
Correct Answer: A [World Economic Forum]
Notes:
The Travel and Tourism Competitiveness Report is published by the World Economic Forum.
10. Global Financial Development Report provides an update on the state of public and private credit reporting. The report is published by which of the following institutions?
[A] Niti Aayog
[B] World Bank
[C] IMF
[D] WHO
Show Answer
Correct Answer: B [World Bank]
Notes:
Global Financial Development report is always published by World Bank. It presents data on the ownership structure and extent of information collected by credit reporting institutions around the world.
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