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.

1. Which among the following is First Indian Special Economic Zone(SEZ)? 
[A] Visakhapatnam SEZ
[B] Kandla SEZ
[C] Noida Special Economic Zone
[D] Cochin SEZ

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2. National Rural Credit Stabilization Fund is a Institution of purpose-specific funds in which of the following?
[A] IDBI
[B] SIDBI
[C] IFCI
[D] NABARD

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3. At which of the following places steam engines were originally manufactured by India Railway ?
[A] Varanasi
[B] Perambur
[C] Chittranjan
[D] Patiala

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4. In which of the following actions will be taken by Reserve bank of India, to curb the excess liquidity, when the deficit financing increases?
[A] Increases CRR
[B] Decreases Bank rate
[C] Resorts to open market operations
[D] Raises the Tax rates

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5. Which among the following is referred to as the “Soft Loan Window” of the World Bank?
[A] International Monetary Fund
[B] International Finance Corporation
[C] International Development Association
[D] World Trade Organization

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6. Which among the following has never been an agenda of Financial Sector Reforms in India?
[A] Providing easy credit to all citizens with subsidies guaranteed
[B] Deregulation of the interest rate regime
[C] Enabling regulatory framework for effective supervision
[D] Strengthening the Disclosure norms

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7. Which among the following will not be an entry in the Profit and Loss account of a bank ?
[A] Interest expense on deposits
[B] Interest earned on advances.
[C] Profit/loss on sale of assets
[D] Income from investment banking related activities

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8. Consider the following: 

  1. Minor Irrigation Scheme: CCA less than 2000 Hectares 
  2. Medium Irrigation Scheme : CCA more than 2000 Hectares but less than 10000 Hectares 
  3. Major Irrigation Scheme : CCA more than 10000 Hectares 

Which among the above statements is / are correct?

[A] Only 1 and 2 are correct
[B] Only 2 and 3 are correct
[C] all are correct
[D] all are incorrect

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9. Which among the following finds highest weight age in the Index of Industrial Production?
[A] Electricity
[B] Steel Industry
[C] Refinery Products
[D] Coal

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10. Which among the following is NOT an instrument of qualitative control in India ?
[A] Regulation of the Consumer Credit
[B] Rationing of the Credit
[C] Margin Requirements
[D] Variable Costs and Reserves

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