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. Which among is the characteristics of a Fixed shop Retailers?
[A] They operate on large scale
[B] They move from place to place
[C] They have credibility in the customers
[D] All of the above
Show Answer
Correct Answer: C [They have credibility in the customers]
Notes:
The Fixed shop retailers are the small retails shops in a place. They do not move from palce to place. They have credibility in the customers.
32. Which institution launched MIBOR?
[A] BSE
[B] RBI
[C] NSE
[D] IBA
Show Answer
Correct Answer: C [NSE]
Notes:
NSE- National Stock Exchange has launched the MIBOR for the overnight money market of India. It is used as benchmark for the deals. It was developed in 1998.
33. What is a future?
[A] A debt payable in future
[B] A contract based on a physical asset
[C] A share going to be issued by a company
[D] none
Show Answer
Correct Answer: D [none]
Notes:
A future is a financial instrument based on physical underlying commodities and equities. It is a contract between 2 parties to buy or sell an asset at a certain time in the future for a certain price.
34. What is a Mutual Fund?
[A] A fund set up by Union government
[B] A fund given by global Financial Institutions
[C] A fund that mops up money from a group of investors
[D] None
Show Answer
Correct Answer: C [A fund that mops up money from a group of investors]
Notes:
Mutual Fund is a fund that mops up money from a group of investors to invest in capital markets so as to generate returns for the investors.
35. How much amount was provided by the Central Government during the first five year plans for the development of roads?
[A] Rs 25 crores
[B] Rs 28 crores
[C] Rs 30 crores
[D] Rs 23 crores
Show Answer
Correct Answer: D [Rs 23 crores]
Notes:
During the first five year plans, Rs 23 crores were provided by the Central Government for the development of roads.
36. What is IFSC?
[A] Code for using UPI
[B] Code to identify bank branches
[C] Code to enable internet banking
[D] None
Show Answer
Correct Answer: B [Code to identify bank branches]
Notes:
IFSC (Indian Financial System Code) is an 11-digit alphanumeric code. It helps to identify bank branches that deal with online fund transfers either via NEFT (National Electronic Funds Transfer), IMPS (Immediate Payment Service) or RTGS (Real Time Gross Settlement).
37. Which among the following is the goal of the Industrial policy of 1948?
[A] To have a mixed economic model
[B] To have a socialist economic model
[C] To help Private sector develop
[D] None of the above
Show Answer
Correct Answer: A [To have a mixed economic model]
Notes:
The goal of the Industrial policy of 1948 to have a mixed economic model. It was introduced in 1948. It was for a period of 10 years.
38. Which type of coal is largely consumed in India?
[A] Anthracite
[B] Bituminous
[C] Lignite
[D] Peat
Show Answer
Correct Answer: B [Bituminous ]
Notes:
Bituminous coal is largely consumed in India. It is a medium grade of coal having high heating capacity. It is the most commonly used type of coal for electricity generation in India. Most of the bituminous coal is found in Jharkhand, Odisha, West Bengal, Chhattisgarh, and Madhya Pradesh.
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. What is the percentage of methane in natural gas?
[A] 65
[B] 75
[C] 85
[D] 95
Show Answer
Correct Answer: D [95]
Notes:
The natural gas delivered to the home is about 95 percent methane.The natural gas leaks are predominantly methane.
