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. These questions are part of GKToday’s 35000+ MCQs Bank Course in GKToday Android App

11. Which of the following institutions issue the Special Drawing Rights?

[A] IMF
[B] World Bank
[C] RBI
[D] BIS

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12. Who regulates the functioning of District Cooperative Banks in India?

[A] State Government
[B] RBI
[C] State Cooperative Banks
[D] None

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13. Which of these was the first RRB to be set up in India?

[A] Gaur Gramin Bank
[B] Prathama Bank
[C] Arunachal Pradesh Rural Bank
[D] Himachal Gramin Bank

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14. What was the objective of Y H Malegam committee set up by RBI?

[A] Review of Poverty Line
[B] Licensing of Small Finance Banks
[C] Monitoring of bad loans
[D] None of the above

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15. India is the world’s leading producer of which of the following minerals?

[A] Gold
[B] Silver
[C] Mica
[D] Iron

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16. Which of the following is not true about a Demand Draft?

[A] It is a negotiable instrument.
[B] It is a banker’s cheque.
[C] It may be dishonoured for lack of funds.
[D] It is issued by a bank.

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17. Which of the following is the first Bank to introduce ATM ?

[A] HSBC
[B] ICICI Bank
[C] SBI
[D] Axis Bank

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18. Which among them is responsible for maintaining a Minimum reserve system against printing of currency notes?

[A] Issue Department
[B] Banking Department
[C] Both 1 & 2
[D] None of the above

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19. How much per cent of the total assets of the company should be deployed in the infrastructure loans?

[A] 75%
[B] 60%
[C] 80%
[D] 50%

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20. In case of default, what is the minimum percent of additional interest is paid by issuer company?

[A] 15%
[B] 5%
[C] 2%
[D] 1%

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