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 imposes a greater burden (relative to resources) on the poor than on the rich ?
[A] Progressive tax
[B] Regressive Tax
[C] Lump Sum tax
[D] Proportional tax

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2. For which of the commodities the unit bpd is used in international trade?
[A] Meat & Livestock
[B] Precious Metals
[C] Industrial metals
[D] Crude oil

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3. Which of the following organizations provides Buffer Stock Financing Facility ?
[A] Reserve Bank of India
[B] Asian Development Bank
[C] International Monetary Fund
[D] World Bank

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4. Which among the following is a opposite activity of hedging in share / currency /future markets?
[A] arbitrage
[B] speculation
[C] spread
[D] short

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5. Which among the following helps to solve the balance of payments problem of member countries?
[A] World Bank
[B] International Development Fund
[C] Asian Development Bank
[D] World Economic Forum

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6. Which among the following agency is responsible for enforcement of Foreign Exchange Management Act 1999 and Prevention of money Laundering Act 2002 in India?
[A] Reserve Bank of India
[B] Department of Revenue
[C] Enforcement Directorate
[D] Income Tax Department

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7. If a company is ‘unlimited’ in India, it implies that there is no limit on __:
[A] Number of shares it can issue in market
[B] Liability of its members
[C] Amount of investment by its promoters
[D] All of the above

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8. Imposing an Import quota helps in__:

  1. correcting unfavourable balance of payments
  2. improving balance of trade
  3. protecting domestic industries
  4. promoting exports

Select the correct option from the codes given below:

[A] Only 1 & 2
[B] Only 1 & 3
[C] Only 1, 2 & 3
[D] 1, 2, 3 & 4

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9. Which of the following bodies issues white-colour and blue-colour forms to investors?
[A] SEBI
[B] IrDA
[C] RBI
[D] NSE

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10. If a company has “Trade Receivables”, this implies that __:
[A] It has made a sale but yet to collect payments
[B] It has received payments but yet to make a delivery
[C] It has received an order but yet to make delivery
[D] None of the above is a correct definition

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