Indian Economy MCQs

21. The Laffer curve is the graphical representation of :
[A] The relationship between tax rates and absolute revenue these rates generate for the government.
[B] The inverse relationship between the rate of unemployment and the rate of inflation in an economy.
[C] The inequality in income distribution
[D] The relationship between environmental quality and economic development.

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22. What is the upper limit of transaction of amount via NEFT to a person in Nepal via the Indo-Nepal Remittance Facility Scheme?
[A] Rs. 50,000
[B] Rs. 100,000
[C] Rs. 200,000
[D] Rs. 500,000

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23. Devaluation of currency can correct a Balance of Payments deficit because___
[A] It lowers price of exports in foreign currency and rises price of imports in home currency
[B] It raises price of exports in foreign currency and lowers price of imports in home currency
[C] It raises price of exports and imports in foreign currency
[D] It lowers price of exports and imports in home currency

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24. Round tripping is used as a ___?
[A] Policy to boost FDI in country
[B] Means of tax evasion
[C] Policy of export promotion
[D] Calculation of National Income

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25. What is the share of Government of India in NABARD?
[A] 50%
[B] 51%
[C] 75%
[D] 99%

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26. In which year Food Safety and Standards Act was enacted in India?
[A] 2004
[B] 2005
[C] 2006
[D] 2007

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27. Maximum share in total external debt of India is of ___
[A] Long-term borrowings
[B] Short Term Borrowings
[C] Medium Term Borrowings
[D] Ultra-Long term borrowings

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28. Reserve Tranche Position (RTP) is a term used in context with ____?
[A] Reserve Bank of India
[B] Federal Reserve Bank (of America)
[C] World Bank
[D] International Monetary Fund

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29. If you go to the market and purchase an Air conditioner for your factory, then in economic terminology, you are most probably doing which among the following?
[A] Consumption
[B] Production
[C] Asset Creation
[D] Investment

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30. Which among the following programmes is NOT being implemented in India with assistance of World Bank?
[A] National Vector Borne Disease Control and Polio Eradication
[B] National Rural Livelihoods Project
[C] PMGSY Rural Roads Project
[D] Delhi Mumbai Industrial Corridor Project

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