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 called India’s market watch dog?
[A] RBI
[B] SEBI
[C] NABARD
[D] SBI

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2. The International trade of Nylon Fibers comes under the jurisdiction of which of the following ministries in India?
[A] Ministry of Textiles
[B] Ministry of Chemicals and Fertilizers
[C] Ministry of Petroleum
[D] Ministry of Commerce

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3. Which country is the world’s largest exporter of tea?
[A] India
[B] China
[C] Sri Lanka
[D] Kenya

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4. Which of the following decides the Minimum Support Prices on behalf of the Government of India?
[A] Ministry of Agriculture
[B] Cabinet Committee on Economic Affairs
[C] Commission for Agricultural Costs & Prices
[D] None of Them

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5. Investment in which among the following is the Most Risk Free asset of a Bank as per the RBI guidelines?
[A] Housing Loans
[B] Government Approved Securities
[C] Venture Capital Investments
[D] Loans against Jewellery

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6. Index of Industrial production is released by_
[A] Central Statistical Office
[B] Ministry of Commerce and Industry
[C] Ministry of Economic affairs
[D] Competition Commission of India

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7. Chit funds in India are governed and regulated by _?
[A] SEBI
[B] RBI
[C] State governments
[D] Central government

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8. In which of the following sessions of Indian National Congress, it was stated by Congress that the object of the planning in the country has to be “Socialist Pattern” and not absolute “Socialism”, thus paving the way for a mixed economy in India?
[A] 1953 Hyderabad Session
[B] 1954 Kalyani Session
[C] 1955 Avadi Session
[D] 1956 Amritsar Session

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9. Which among the following is/are correct regarding Call Money?
[A] No Collateral is required in Call Money transaction
[B] It is the money lent/borrowed for maximum period of 30 days
[C] It is the money lent/borrowed for maximum period of 45 days
[D] Banks borrow primarily from customers

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10. Any change in flow of funds and the demand of them, is clearly reflected in which of the following?
[A] Call money market
[B] Money market
[C] Repo market
[D] Commercial bill market

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