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 body in India requires to protect the interests of consumers against anti-competitive practices of all market entities?
[A] National Consumer Forum
[B] Competition Commission of India
[C] National Consumer Disputes Redressal Commission
[D] Central Vigilance Commission

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2. Which bank coordinates the selling of State Development Loans (SDLs) in India?
[A] SBI
[B] IDBI
[C] Scheduled Commercial Banks
[D] RBI

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3. What are low-priced, speculative, high-risk stocks commonly called?
[A] Green Stock
[B] Penny Stock
[C] Concentrated Stock
[D] Microcap Stock

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4. The Unified Package Insurance Scheme aims at providing:
[A] government-backed Life insurance cover
[B] financial protection to citizens associated in agriculture sector
[C] government-backed accidental insurance cover
[D] credit linked subsidy for first-time home buyers

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5. The report of Vijay Kelkar committee is related to which of the following?
[A] Trade Reforms
[B] Centre-State Financial Relations
[C] Disinvestment in Public Sector Enterprises
[D] Tax Reforms

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6. Which of the following clearly defines land ceiling?
[A] To fix a land area for irrigation purposes
[B] To fix rural land holdings at the existing level
[C] To fix urban land holdings at the existing level
[D] To fix the quantum of land held by a family

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7. Which one of the following is not an instrument of selective credit control in India? (UPSC Prelims 1995)
[A] Regulation of consumer credit
[B] Rationing of credit
[C] Margin requirements
[D] Variable cost reserve ratios

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8. Which of the following are the methods of poverty estimation?
[A] Sen Index
[B] Multidimensional poverty index
[C] Poverty gap Index
[D] All of the above

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9. Which of the following are the reasons for India to shift from the primary sector to the tertiary sector and not the secondary sector?
[A] Restriction of FDI
[B] Availability of skilled labour
[C] Well developed and educated human resource
[D] Liberal labour laws

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10. Who suggested the rolling plan for backward countries?
[A] Gunnar Myrdal
[B] Amartya Sen
[C] R.Samuelson
[D] M.R.Lewis

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