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 is a most suitable example of double counting in national income ?
[A] Wages of bus and train drivers
[B] Cotton output and cotton cloth output
[C] Electricity output and water output
[D] Tax receipts and earnings of inland revenue officials

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2. The Unclaimed deposits are those deposits which haven’t been operated for ______?
[A] 5 years or more
[B] 7 years or more
[C] 10 years or more
[D] 12 years or more

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3. Which among the following is a opposite activity of hedging in share / currency /future markets?
[A] arbitrage
[B] speculation
[C] spread
[D] short

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4. Which among the following is called India’s market watch dog?
[A] RBI
[B] SEBI
[C] NABARD
[D] SBI

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5. Which among the following are TOP 3 debtors of World Bank ?
[A] India, South Africa, Mexico
[B] India, Mexico, South Africa
[C] India, Mexico, Pakistan
[D] Mexico, India, South Africa

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6. The provisions relating to promissory notes have been incorporated in which among the following acts?
[A] Indian Contract Act
[B] Indian Partnership Act
[C] Negotiable Instruments Act
[D] None of the above

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7. What is the objective of the Central Government in creating the “Non-lapsable Central Pool of Resources”?
[A] To provide development funding in Naxalite affected areas
[B] To provide additional development grant to most backward 200 districts all over country
[C] To provide time to time fiscal stimulation to the economy
[D] To provide development funding to North East and Sikkim

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8. India’s Foreign Trade Policy also known as Export Import Policy (EXIM) is framed and implemented by the:
[A] Director General of Foreign Trade (DGFT)
[B] Home Ministry
[C] Niti Aayog
[D] Finance commission

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9. 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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10. Travel and Tourism Competitive Index (TTCI) is published by:
[A] World Economic Forum
[B] World Tourism Organization
[C] World Travel & Tourism Council
[D] Amnesty International

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