Indian Economy MCQs

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

31. India’s first mega food park is located in:

[A] Delhi
[B] Haridwar
[C] Chandigarh
[D] Lucknow

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32. In context with the currency management in India the responsibility for coinage vests with which of the following?

[A] Government of India
[B] Reserve Bank of India
[C] Currency Chests
[D] Commercial Banks

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33. Which among the following are covered in the statistical tables of RBI?

[A] Liabilities & assets
[B] Income & expenses
[C] Non performing assets
[D] All the above

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34. The name of Sir Chintaman Dwarkanath Deshmukh is special in the Indian Banking Sector. He was __________?

[A] First Indian to establish a Bank in India
[B] First Indian to be chairman of State Bank of India
[C] First Indian to be governor of the Reserve Bank of India (RBI),
[D] Pioneer in Indian Commercial Banking

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35. With which of the following countries, India signed first extradition treaty after independence?

[A] Australia
[D] Belgium

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36. The unemployment of a person when he/ she is in midst of transiting between jobs, searching for new job comes under the which of the following category?

[A] Cyclical
[B] Voluntary
[C] Frictional
[D] Seasonal

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37. In which year Government of India set up Tariff Commission as an independent expert committee to recommend appropriate tariff levels keeping in mind the larger economic interests of the country?

[A] 1991
[B] 1995
[C] 1997
[D] 1999

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38. Deposit Insurance is a limited level of protection provided by the government to depositors against bank failures. Which among the following does not come under the purview of deposit insurance?

[A] commercial banks
[B] branches of foreign banks functioning in India
[C] local area banks
[D] Non Banking Financial Corporations

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39. Robin Hood effect is related to which of the following?

[A] Income and consumption
[B] Income generation
[C] Income redistribution
[D] Proportional tax

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40. A good that is non-rivalries and non-excludable, and whose benefits can not be prices and therefore to which the principle of exclusion does not apply comes under the following heading?

[A] Pure Private Goods
[B] Pure Public Goods
[C] Pure Free Goods
[D] Pure Market Goods

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