Indian Economy MCQs

Indian Economy Multiple Choice Questions (MCQs) for State and UPSC Civil Services Examinations. Objective Questions on Indian Economy for competitive examinations.

11. Which among the following has been adopted by the Tendulakar committee for measuring poverty?

[A] Welfare measures
[B] Cost of Living
[C] Inequality & growth
[D] mobility/vulnerability analyses

Show Answer

12. In which of the following countries  prevalent the Pay as you earn (PAYE) , a withholding tax system?

[A] USA
[B] UK
[C] Australia
[D] Germany

Show Answer

13. Which among the following represents the Financial Year of the International Monetary Fund?

[A] January 1 to December 31
[B] February 1 to January 31
[C] April 1 to March 31
[D] May 1 to April 30

Show Answer

14. Which of the following Union Territories are included in the National Horticulture Mission?

[A] Andaman & Nicobar Island and Pondicherry
[B] Andaman & Nicobar Island & Lakhsadweep
[C] Andaman & Nicobar Island and Daman & Diu
[D] Andaman & Nicobar Island, Pondicherry and Lakshadweep

Show Answer

15. “Miadi Hundi” is very much similar in features of which of the following?

[A] A post dated Cheque
[B] A demand Draft
[C] A usance Bill of Exchange
[D] A Promissory Note

Show Answer

16. National Social Assistance programme was initially rolled out in which of the following five year plans?

[A] Fifth Five Year Plan
[B] Sixth Five Year Plan
[C] Seventh Five Year Plan
[D] Eighth Five Year Plan

Show Answer

17. What is the Capital Adequacy ratio for a new bank applying for license in India, as per the draft guidelines of RBI for issuing new bank licenses?

[A] 9%
[B] 10%
[C] 11%
[D] 12%

Show Answer

18. In India, the Foreign Exchange Reserves are kept in the custody of which among the following?

[A] Ministry of Finance
[B] EXIM bank
[C] Reserve Bank of India
[D] Selected Public Sector Banks

Show Answer

19. With respect to ‘Operating ratio’ in Railways, which of the following statement is/are correct?

  1. The higher is the ‘Operating Ratio’; the better is the economic condition of railways.
  2. ‘Operating ratio’ of Indian Railways is high on account of social service obligation imposed in Budget.

Select the correct option from the codes given below

[A] Only 1
[B] Only 2
[C] Both 1 & 2
[D] Neither 1 nor 2

Show Answer

20. With respect to promissory note, which of the following statements is/are true?

  1. A promissory note denotes debt
  2. Payment for all promissory notes must be made on demand

Select the correct option from the codes given below:

[A] Only 1
[B] Only 2
[C] Both 1 & 2
[D] Neither 1 nor 2

Show Answer

Advertisement [contact-form-7 id="141158" title="Contact form 1"]