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. Who is the current chairman of Bank Board Bureau?

[A] Vinod Rai
[B] N. Gopalaswami
[C] Wajahat Habibullah
[D] Bhanu Pratap Sharma

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2. The stocks of which of the following banks are not considered for calculation of “Bank NIFTY”?

[A] Kotak Mahindra Bank
[B] Punjab National Bank
[C] Yes Bank
[D] Bank of India

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3. Bank Rate is defined as the rate at which:

[A] RBI lends short term loans to commercial banks
[B] a commercial bank can lend to its customers
[C] RBI lends long term loans to commercial banks
[D] the commercial banks are able to borrow overnight funds from RBI

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4. Duty Entitlement Pass Book (DEPS) is an scheme of Indian Government provided to _?

[A] Exporters
[B] Importers
[C] Wholesalers
[D] Retailers

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5. Which of the following firms has been recently named as the world’s biggest private equity firm?

[A] Apollo Global Management LLC
[B] Blackstone Group
[C] Goldman Sachs
[D] General Atlantic

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6. Capitalism is based upon “Laissez-faire system”. What is “Laissez-faire system”?

[A] No governmental intervention
[B] Maximum governmental intervention
[C] Role of Market Forces is Minimum
[D] Limited government Intervention

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7. Which among the following is a suitable term for the state of economy in which economic activity is slowing down but wages and prices continue to rise ?

[A] Inflation
[B] Deflation
[C] Skweflation
[D] Stagflation

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8. What is the equity of Reserve bank of India in National Housing Bank ?

[A] 49%
[B] 50%
[C] 75%
[D] 100%

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9. For which of the following the term ” Paper Gold ” is used?

[A] United States Dollar
[B] Gold Reserved with International Monetary Fund
[C] United States Dollar
[D] Special Drawing Rights

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10. For which of the following commodities Price Stabilization Fund Scheme was launched in 2003?

[A] Tea & Coffee
[B] Tea , Coffee , Rubber & Tobacco
[C] Tea, Coffee & Rubber
[D] Tea, Coffee , Rubber, Tobacco & Coconut

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