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. Agricultural Income Tax revenue goes to which of the following governments in India?
[A] State Governments
[B] Central Government
[C] Collected by State Governments , delivered to Central Government
[D] Collected by Central Government, delivered to State Governments

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2. Which option is not a core principle of progressive taxation?
[A] Ability to pay
[B] Reducing income inequality
[C] Administrative efficiency
[D] Encouraging work and investment incentives

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3. Which organization publishes The Global Enabling Trade Report?
[A] World Bank
[B] World Trade Organization
[C] World Economic Forum
[D] UNCTAD

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4. Who are eligible beneficiaries of the Reverse Mortgage Scheme?
[A] Government Employees
[B] Senior Citizens aged 60 years and above
[C] Unemployed Persons
[D] Working Professionals below 55 years

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5. UDYAMI helpline is for?
[A] Large capital Industries
[B] Female entrepreneur
[C] Farmers introducing technology in Farming
[D] Micro, small & medium size enterprises

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6. Consider the following statements regarding the Asian Infrastructure Investment Bank (AIIB):

  1. India participated in the founding of the bank and signed the Memorandum of Understanding in October 2014.
  2. The headquarters of the AIIB are located in Beijing, China, specifically at the Asia Financial Center in the Olympic Forest Park area.
  3. The AIIB currently has over 100 member states from around the world.

Which of the above statements is/are correct?

[A] Only 1
[B] 1 and 2 only
[C] 2 and 3 only
[D] 1, 2 and 3

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7. Which method allows central banks to inject money when rates are near zero?
[A] Open Market Operation
[B] Reverse Repo
[C] Quantitative Easing
[D] Repo

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8. What do we call the money that is lent for more than one day but less than 15 days in the call money market?
[A] Call Money
[B] Term Money
[C] Notice Money
[D] None of the above

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9. What is the primary aim of enacting the SARFAESI Act?
[A] Recovering Loans
[B] Increasing Deposits
[C] Transparent appointment of Directors
[D] Reducing Corruptions and Scams

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10. Which authority regulates NBFCs in India?
[A] Reserve Bank of India
[B] SEBI
[C] Government of India
[D] National Housing Board

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