Indian Economy MCQs
Indian Economy Multiple Choice Questions (MCQs) for State and UPSC Civil Services Examinations. Objective Questions on Indian Economy for competitive examinations.
21. Which among the following statement is incorrect regarding Land Development Banks?
[A] They are cooperative institutions
[B] They meet the needs of the farmers for development purposes
[C] They have three tier structures
[D] They grant loans on mortgage security
Show Answer
Correct Answer: C [They have three tier structures ]
Notes:
They have two tier structures1.Primary Land Development Bank at district level with branches at taluka level 2. Control or State Land Development Bank.
All primary Land Development Banks are federated into Central Land Development Bank at the State Level. In some States,like Gujarat , J & K and UP there is Unitary structure wherein, there is only one State Land Development Bank at the state level operating through its branches and sub-branches at district and below levels
22. In which of the following countries International Rice Research center is Located ?
[A] Thailand
[B] Malaysia
[C] Philippines
[D] Indonesia
Show Answer
Correct Answer: C [Philippines]
23. Which among the following published annual “Report on Currency & Finance” ?
[A] Central Statistical organization
[B] Ministry of Finance, Government of India
[C] Reserve Bank of India
[D] Department of Economic Affairs
Show Answer
Correct Answer: C [Reserve Bank of India]
24. Which among the following denotes the main function of Bank of International Settlement?
[A] A Bank for financial arbitration
[B] A bank for central banks
[C] A bank for Cheap loans
[D] A bank for European Investment
Show Answer
Correct Answer: B [A bank for central banks]
25. Which among the following is India’s largest multi-state co-operative bank
[A] Vijaya Bank
[B] Saraswat Bank
[C] Union co-operative bank
[D] The Madhya Pradesh Rajya Sahakari Bank
Show Answer
Correct Answer: B [Saraswat Bank]
26. Which among the following definition is nearest to the Gross Budgetary Support?
[A] value of gross revenue receipts by the government
[B] Value of total plan expenditure
[C] Fraction of total expenditure of the government on different Central sectors plans
[D] Fraction of total expenditure of the government on different Central sectors/ ministries/departments and the support to State/Union Territory Plan
Show Answer
Correct Answer: D [Fraction of total expenditure of the government on different Central sectors/ ministries/departments and the support to State/Union Territory Plan]
27. In context with the Indian Agriculture, what is KMS?
[A] Kharif Monsoon Season
[B] Kharif Marketing Season
[C] Kharif Marketing System
[D] Kharif Merchandising Season
Show Answer
Correct Answer: B [Kharif Marketing Season]
28. In context with banking and Investment market, what is the correct full form of ODI?
[A] Overseas Derivative Investors
[B] Overseas Derivative Investments
[C] Overseas Direct Investments
[D] Offshore Derivative Instruments
Show Answer
Correct Answer: D [Offshore Derivative Instruments]
29. Which among the following was set up primarily for the rehabilitation of Sick units?
[A] Industrial Finance Corporation of India
[B] Industrial Reconstruction Bank of India
[C] Small Industries Development Bank of India
[D] Central Bank of India
Show Answer
Correct Answer: B [Industrial Reconstruction Bank of India]
30. Which year is known for BOP crisis in Indian Economy?
[A] 1990
[B] 1991
[C] 1995
[D] 1999
Show Answer
Advertisement
