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. The terms such as ‘placement, layering, integration of funds’ are related to which among the following?

[A] Fiscal Management
[B] Financial Stability
[C] Money Laundering
[D] Capital Market Trading

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2. Highest percentage of nitrogen is found in which among the following fertilizers among the given options?

[A] Calcium ammonium nitrate
[B] Ammonium nitrate
[C] Calcium nitrate
[D] Urea

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3. “Lockout” is term used for a work stoppage in industry for which of the following?

[A] Employees refuse to work
[B] Employer prevents employees from working
[C] Trade unions prevent the employees to work
[D] Employer close the work premises permanently

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4. 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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5. What do we call an arrangement whereby an issuing Bank at the request of the Importer (Buyer) undertakes to make payment to the exporter (Beneficiary) against stipulated documents?

[A] Bill of Exchange
[B] Letter of Exchange
[C] Letter of Credit
[D] Bill of Entry

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6. The green shoe option is a clause in the underwriting agreement of an IPO, which allows to ___?

[A] Sell additional shares
[B] Record Investor demands
[C] Purchase the shares back from Investors
[D] None of them

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7. Which of the following is / are correct statements about “Adopt a Heritage Scheme”?

  1. It is an initiative under Ministry of Culture
  2. Under this scheme, government has appointed private as well as public companies as “Monument Mitras” to boost heritage tourism in the country

Select the correct option from the codes given below:

[A] Only 1
[B] Only 2
[C] Both 1 & 2
[D] Neither 1 nor 2

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8. Which is the 3rd largest foreign bank of India in terms of branches?

[B] Citi
[C] Standard Chartered
[D] Royal bank of Scotland

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9. Which of these committees in 1945 recommended the setting up of a Cooperative Training College in every state?

[A] Saraiya Committee
[B] Machalan Committee
[C] Narsimaham Committee
[D] Rajagopalachari Committee

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10. What amount of Gold RBI needs to maintain under the Minimum Reserve System?

[A] Rs 150 crore
[B] Rs 200 crore
[C] Rs 115 crore
[D] Rs 100 crore

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