Indian Economy MCQs

Indian Economy Multiple Choice Questions (MCQs) for State and UPSC Civil Services Examinations. Objective Questions on Indian Economy for competitive examinations.

1. The Government of India is planning to allow 200,000 tones of duty-free sugar imports. Which of the following is a correct statement about Sugar production and consumption of sugar in India?

[A] India is world’s largest sugar producer
[B] India is world’s largest sugar consumer
[C] India’s largest sugar producing state is Uttar Pradesh
[D] Sugar farming in India is concentrated in Deccan peninsula only.

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2. “Bad money (if not limited in quantity) drives good money out of circulation”. Which law in economics says this?

[A] Keynes’ law
[B] Wagner’s law
[C] Gresham’s law
[D] Grimm’s law

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3. 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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4. In which year central government abolished banking Services Recruitment Boards?

[A] 1995
[B] 1997
[C] 1999
[D] 2002

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5. Which among the following authority decides upon any issues regarding the revision of fee collected as Development Fee from Airports in India?

[A] Airport Authority of India
[B] Airports Economic Regulatory Authority
[C] Ministry of Civil Aviation
[D] Secretary , Ministry of Civil Aviation

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6. Consider the following:

  1. Cheque
  2. Bill of exchange
  3.  Promissory Note

Which among the above 3 instruments can be crossed?

[A] 1 only
[B] 3 only
[C] 1 & 2 only
[D] all of them

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7. What is the minimum maturity on Certificates of Deposit in India?

[A] 7 days
[B] 10 days
[C] 15 days
[D] 30 days

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8. Sale of securities by RBI can be placed in which of the following categories?

[A] Reverse Repo Auction
[B] Repo Auction
[C] Open Market Operations
[D] Ways and means advances

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9. In Financial Language, Fixed to Floating and Floating to Floating are used in context with which among the following?

[A] Interest rates
[B] Swaps
[C] Foreign Exchange Rates
[D] None of them

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10. A company wishes to establish a Multi Product Special Economic Zone in Manipur. What is the minimum area requirement for this company to fulfill for getting approval for that SEZ ?

[A] 5000 Hectare
[B] 1000 Hectare
[C] 500 Hectare
[D] 200 Hectare

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