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 is NOT a quantitative measure of control ?

[A] Bank Rate Policy
[B] Open Market Operations
[C] Reserve Requirements
[D] Margin Requirements

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22. Who among the following was the chairman of All-India Rural Credit Review Committee (1969)?

[A] A. Ghosh
[B] B. Venkatappiah
[C] C. Janakiraman
[D] D. Jalan

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23. In which year Liberalized Exchange Rate Management System (LERMS) was launched in India?

[A] 1989
[B] 1990
[C] 1992
[D] 1995

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24. Which among the following is the major marine food export item of India ?

[A] Frozen Fish
[B] Frozen Shrimp
[C] Frozen Crabs
[D] Cephalopods

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25. The Reserve Bank of India has introduced a new facility via which the banks can dip below 1% of their statutory liquidity ratio to avail cash from this window. What is the name of this new facility?

[A] Liquidity Adjustment Facility
[B] Marginal Adjustment Facility
[C] Marginal Standing Facility
[D] Cash Adjustment Facility

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26. Consider the following:

  1. Liquidity Adjustment Facility
  2. Devaluation of Currency
  3. Open Market Operations

Which among the above are Fiscal Measures?

[A] 1 & 2
[B] 2 & 3
[C] 1 & 3
[D] only 2

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27. Consider the following:

  1. A common parliament
  2. Central bank
  3. Court of justice

Which among the above is/ are features of the African Union?

[A] Only 1
[B] 1 & 2
[C] 1, 2 & 3
[D] None of them

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28. With reference to the investment markets, how the seed capital is different from venture capital?
1. While seed capital is needed for starting off a business venture, venture capital is needed when business is up and running
2. While investors of seed capital are called Angel Investors, the investors of venture capital are called business incubators
3. While seed capital can be raised for small businesses, venture capital is generally meant for big businesses
Choose the correct statements from the codes given below:

[A] Only 1 & 2
[B] Only 2 & 3
[C] Only 3
[D] 1, 2 & 3

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29. With reference to the Progressive Tax, consider the following statements:
1. The burden of a progressive tax is in same proportion of income for all households
2. The progressive tax structure is generally considered to increase equality
3. The more the income, more one has to pay a progressive tax
Which among the above is / are correct statements?

[A] Only 1 & 2
[B] Only 2 & 3
[C] Only 1 & 3
[D] 1, 2 & 3

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30. Consider the following:

  1. Revenue Receipts (R)
  2. Those “capital receipts”, which do not create any payment obligations for the future (C)
  3. Those “capital receipts”, which create payment obligations for the future (D)
  4. Total expenditure of the government (T)

Which among the following is correct relation showing the Fiscal Deficit (F):

[A] F= T-(R+C)
[B] F= T-(R+D)
[C] F= T-(R+C+D)
[D] F= T-R

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