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. At which of the following places, printing press of Reserve Bank of India is not present?
[A] Nashik
[B] Dewas
[C] Salboni
[D] Mumbai
Show Answer
Correct Answer: D [Mumbai]
Notes:
For printing of notes, the Security Printing and Minting Corporation of India Limited (SPMCIL), has set up printing presses at Nashik, Maharashtra and Dewas, Madhya Pradesh. The Bharatiya Reserve Bank Note Mudran Private Limited (BRBNMPL) has set up printing presses in Mysuru in Karnataka and Salboni in West Bengal. In all, there are four printing presses.
2. Which of the following industries is the not covered in the Index of Eight Core Industries?
[A] Electricity
[B] Crude Oil
[C] Natural Gas
[D] Pharmaceuticals
Show Answer
Correct Answer: D [Pharmaceuticals]
Notes:
The industries covered in the Index of Eight Core are namely Coal, Crude Oil, Natural Gas, Refinery Products, Fertilizers, Steel, Cement and Electricity.
3. 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
Show Answer
Correct Answer: B [Kandla SEZ]
4. 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
Show Answer
Correct Answer: A [No governmental intervention]
Notes:
Laissez faire refers to the economic policy of letting owners of industry and business set working conditions without interference. This policy favours a free market unregulated by the government. The term comes from a French phrase that means “let do”.
5. Which among the following PSU in India specializes in missile and torpedo design and production?
[A] Defense Research and Development Organization
[B] Bharat Electronics Limited
[C] Bharat Dynamics Limited
[D] Hindustan Aeronautics Limited
Show Answer
Correct Answer: C [Bharat Dynamics Limited]
6. Which among the following maintains Real Time Gross Settlement?
[A] Reserve Bank of India
[B] Asian Development Bank
[C] World Bank
[D] State Bank of India
Show Answer
Correct Answer: A [Reserve Bank of India]
7. Which among the following body in India takes actions against violations & irregularities in foreign currency convertible bonds?
[A] Securities and Exchange Board of India
[B] Reserve Bank of India
[C] Foreign Investment Promotion Board
[D] National Stock Exchange
Show Answer
Correct Answer: B [Reserve Bank of India]
8. For how many industries the Industrial licensing was abolished after Economic Reforms in India?
[A] 18 industries
[B] 25 industries
[C] 50 industries
[D] All Industries except 18
Show Answer
Correct Answer: D [All Industries except 18]
9. The full members of which among the following organizations are mostly described as high-income economies?
[A] APEC
[B] OECD
[C] CIS
[D] UNIDO
Show Answer
10. Hundies are normally __________?
[A] Cheque
[B] Bills of Exchanges
[C] Bills of Purchase
[D] Bills of Lading
Show Answer
Correct Answer: B [Bills of Exchanges]
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