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. A term “stocks” was in news with reference to the climate change negotiations. What does “stocks “mean in this regard?

[A] Cumulative Forest and Biodiversity resources of a country
[B] Cumulative Forest and Biodiversity resources of entire earth
[C] Emissions accumulated in the atmosphere so far
[D] Semi-discrete subpopulations of a particular species in an ecosystem

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32. With reference to the CTS 2010 (cheque truncation system), consider the following statements:
1. CTS 2010 provides faster, more secure and more cost effective clearing of cheques
2. CTS cheques are payable at par at all branches of the originating bank
Which among the above statements is / are correct ?

[A] Only 1
[B] Only 2
[C] Both 1 & 2
[D] Neither 1 nor 2

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33. Which among the following operate under the aegis of International Monetary Fund?
1.Financial Transaction Plan
2.Technical Assistance Special Fund
3.Financial Stability Board
Choose the correct option from the codes given below:

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

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34. The components of India’s Foreign Exchange Reserves include:
1. Foreign exchange
2. Gold
3. Special Drawing Rights (SDRs)
4. International Monetary Fund (IMF) reserve position
5. GOI Bonds issued overseas
Choose the correct option from the codes given below:

[A] Only 1, 2, 3 & 4
[B] Only 1, 2, 4 & 5
[C] Only 1, 2 & 3
[D] 1, 2, 3, 4 & 5

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35. To curb the revenue deficit, one should advise the government to__:

  1. cut expenditures on subsidy
  2. cut social expenditures
  3. impose import controls

Choose the correct option from the codes given below:

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

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36. With reference to Banking, which among the following is / are correct statements about Demand Deposits?
1. Money in demand deposits is liquid
2. All demand deposits earn interest
3. Ownership of demand deposits can be transferred using a cheque
Select the correct option from the codes given below:

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

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37. Which of the following is / are methods of tax avoidance?

  1. Share buyback
  2. Round Tripping
  3. Profit Shifting
  4. Debt dumping

Select the correct option from the codes given below:

[A] Only 1 & 2
[B] Only 2 & 3
[C] Only 2, 3 & 4
[D] 1, 2, 3 & 4

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38. Central Employment Guarantee Council (CEGC):
1. is the apex body under the MGNREGA
2. is headed by the Minister of Labour and Employment
3. works as MGNREGA watchdog
Which among the above statements is/ are correct?

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

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39. With respect to the ‘shares’ of a company, which of the following statements is/are correct?

  1. A share is treated as a “Good” under Sale of Goods act
  2. A person who holds the share of a public limited company has right to transfer his / her shares
  3. A share makes a person owner of assets of company

Select the correct option from the codes given below:

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

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40. Which of the following is the correct definition of ‘Effective Revenue Deficit’?

[A] difference between revenue deficit and grants for creation of capital assets
[B] difference between revenue deficit and interest liabilities of the Government
[C] difference between fiscal receipt and net expenditure of the government
[D] difference between fiscal receipt and money spent on various social services

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