Indian Economy MCQs

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

41. The Special Economic Zones help the economy by__:
1. Attracting FDI
2. Attracting Domestic Investments
3. Increasing capital formation
4. Decreasing Current Account deficit
Choose the correct option from the codes given below:

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

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42. Which of the following is / are correct statements with respect to the Indian Depository Receipts (lDRs)?

  1. They allow investors abroad in Indian Companies
  2. They are denominated in Indian Rupees
  3. They are issued by a domestic depository in India
  4. They cannot be listed in stock exchanges

Select the correct statements from the codes given below:

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

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43. The Contra funds are _:
1. likely to perform well in the long run, but not in the short term
2. likely to perform well in the short run, but not in the long term
3. issued with guaranteed return and as a contract
4. those funds in which ONLY corporate investors are allowed to invest
Choose the correct statements from the codes given below:

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

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44. Recently, India secured the World Trade Organization’s (WTO’s) permission to establish a dispute settlement panel to rule on controversial unilateral duties imposed by the US on the imports of steel and aluminium under the controversial US Section 232 security provisions. Which among the following is / are functions of WTO?

  1. Setting rules for international trade
  2. Settlements of International Trade Dispute
  3. Lending Money for foreign trade
  4. Lending foreign exchange for facilitation of international trade

Select the correct statements from the codes given below:

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

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45. Consider the following:

  1. All loans raised by the Government by the issue of treasury bills
  2. Ways and means advances
  3. Judicial deposits

Which of the above is/are credited to Consolidated Fund of India?

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

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46. With reference to the formation of a public limited company in India, consider the following steps:
1. Obtaining a certificate of commencement of business
2. Drawing up the Memorandum of Association
3. Drawing up the Articles of Association
4. Obtaining approval for the proposed name of company from the Registrar of the Companies
Which among the following is the correct order of the above steps?

[A] 1 2 3 4
[B] 4 2 3 1
[C] 4 3 2 1
[D] 4 1 2 3

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47. Consider the following difference(s) between NITI Aayog and planning commission of India:

  1. NITI Aayog is more likely to focus on policy formulation and coordination, and less on fund allocation compared to planning commission
  2. While NITI Aayog has no provision for part-time members, planning commission had part time members

Which of the above statements is/are correct?

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

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48. Which among the following are the ‘Revenue Receipts’ of the Government?
1.Corporation Tax
2.Grants Received from a foreign country
3.Loans from International Fund
4. Interest free loans from IDA
Select the correct option from the codes given below:

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

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49. Consider the following pairs:

  1. Pomology – Cultivation of fruits
  2. Olericulture – Cultivation of vegetables
  3. Floriculture – Cultivation of ornamental crops

Which of the above is/are correct?

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

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50. The Kovvada Atomic Power Plant Project has been proposed in which state?

[A] Telangana
[B] Karnataka
[C] Tamil Nadu
[D] Andhra Pradesh

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