Indian Economy MCQs
Indian Economy Multiple Choice Questions (MCQs) for SSC, State and all One Day Examinations of India. Objective Questions on Indian Economy for competitive examinations.
31. Who among the following issues commercial papers?
1. All India Financial Insitutions
2. Corporate companies
3. Satellite dealers
4. Government of India
Choose the correct option from the choices given below:
[A] 1,2 and 3 only
[B] 1 and 3 only
[C] 1,2,3 and 4
[D] 1 and 2 only
Show Answer
Correct Answer: A [1,2 and 3 only]
Notes:
The commercial papers are short term unsecured promissory notes issued by top rated corporated, primary dealers, satellite dealers and All India Financial Insitutions. They can be issued for maturities between a minimum of 7 days and maximum of 1 year,
32. Which among the following describes Merchant Banks?
[A] They lends loans to merchants
[B] They lend Money to Public
[C] They help companies to raise investments
[D] None
Show Answer
Correct Answer: C [They help companies to raise investments]
Notes:
The Merchant Banks are the Investment banks who manage and help companies to raise investments via IPO’s. They advise companies to raise funds.
33. What is an Alternate investment fund?
[A] Fund set up by government for long term investment
[B] Pooled investment of investors for lending to big projects
[C] Pooled investment of investors for short term lending
[D] Pooled investment of investing in stock market
Show Answer
Correct Answer: B [Pooled investment of investors for lending to big projects]
Notes:
The Alternate Investment scheme is pooled in investment vehicles for real estate, private equity, and hedge funds. It is established to bring in investments from Indian and foreign investors.
34. Which Union Ministry releases the Periodic Labour Force Survey (PLFS)?
[A] Ministry of Labour and Employment
[B] Ministry of Statistics and Programme Implementation
[C] Ministry of Skill Development and Entrepreneurship
[D] Ministry of Home Affairs
Show Answer
Correct Answer: B [Ministry of Statistics and Programme Implementation]
Notes:
The Ministry of Statistics and Programme Implementation (MoSPI) releases the quarterly Periodic Labour Force Survey (PLFS).
35. In terms of micro-economics, comparative advantage is based on which of the following?
[A] dollar price
[B] labor cost
[C] opportunity cost
[D] capital cost
Show Answer
Correct Answer: C [opportunity cost]
Notes:
Opportunity cost is the potential benefits that an investor, individual ora business misses due to choosing an alternate option. It is the forgone benefit.
36. Which city is the headquarters of two railway zones in India?
[A] Mysore
[B] Mumbai
[C] Jaipur
[D] Kochi
Show Answer
Correct Answer: B [Mumbai]
Notes:
Mumbai is the headquarters of two railway zones in India. They are Central Railways and Western Railways.
37. In which city Hindustan Shipyard limited is located?
[A] Hyderabad
[B] Visakhapatanam
[C] Chennai
[D] Kochi
Show Answer
Correct Answer: B [Visakhapatanam]
Notes:
Hindustan Shipyard Limited is located in Visakhapatanam. It was established in 1941.
38. In which shipyard India’s indigenous aircraft carrier INS Vikrant is being built?
[A] Cochin Shipyard
[B] Hindustan Shipyard
[C] Chennai Shipyard
[D] Goa Shipyard
Show Answer
Correct Answer: A [Cochin Shipyard]
Notes:
India’s first indigenous aircraft carrier INS Vikrant is being built at Cochin Shipyard.
39. Which oil company owns Servo lubricants?
[A] IOCL
[B] HPCL
[C] ONGC
[D] RIL
Show Answer
Correct Answer: A [IOCL]
Notes:
Servo lubricants is owned by IOCL. Servo is the largest lubricant brand in both automotive and industrial segments.
40. Which was the first oil company to process oil found in Bombay High?
[A] IOCL
[B] BPCL
[C] ONGC
[D] HPCL
Show Answer
Correct Answer: B [BPCL]
Notes:
Bharat Petroleum corporation limited was also the first refinery to process then newly found indigenous crude Bombay High.
