Indian Economy MCQs

11. What is the minimum public shareholding (MPS) mandated by SEBI for Private Companies and PSUs respectively?
[A] 75% and 90%
[B] 90% and 75%
[C] 10% and 25%
[D] 25% and 10%

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12. Currently, which among the following products is facing imports ban from China?
[A] Milk and Milk products
[B] Rice
[C] Telecom equipment
[D] Heavy electrical engineering equipment

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13. Why the Indirect taxes are termed regressive taxing mechanisms?
[A] They are charged at higher rates than direct taxes
[B] They are charged the same for all income groups
[C] They are not charged the same for all income groups
[D] ]None of the above is a correct reason

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14. The concept of ‘Universal Banking’ was implemented in India on the recommendations of:
[A] Abid Hussain Committee
[B] R H Khan Committee
[C] S Padmanabhan Committee
[D] Y H Malegam Committee

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15. Which among the following is the oldest Public Sector Bank of India?
[A] Punjab National Bank
[B]
Imperial Bank of India
[C] Allahabad Bank
[D] Central Bank of India

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16. Which of the following Price Indices of India is considered for measuring ‘Headline Inflation’?
[A] GDP Deflator
[B] CPI-AL/RL
[C] CPI-IW
[D] WPI

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17. Which of the following agricultural commodity of India gives largest in terms of export value?
[A] Tea
[B] Basmati Rice
[C] spices
[D] cotton

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18. The central nodal agency for implementing the price support operations for commercial crops is:
[A] NAFED
[B] NABARD
[C] TRIFED
[D] FCI

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19. Which of the following statements regarding the ‘Viability Gap Funding Scheme (VGF)’ is not true?
[A] Under VGF, the central government meets up to 20% of capital cost of a project being implemented in public private partnership (PPP) mode
[B] The scheme is administered by the ministry of finance.
[C] Sectors eligible for VGF are Infrastructure, health and education.
[D] VGF is a force multiplier, enabling government to leverage its resources more effectively.

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20. The government has powers under the Essential Commodities Act, 1955 (EC Act) to declare a commodity as an essential commodity to ensure its availability to people at fair price. The Commodities covered under the Act include :
1.Paper
2.Hank Yarn
3.Fertilizers
4.Petroleum and Petroleum Products
5.Cotton and Jute seeds
[A] 1, 2 and 3
[B] 1, 3 and 4
[C] 3, 4 and 5
[D] 2, 3, 4 and 5

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