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. Which among the following is the main objective of SLR?
1. Control credit expansion of bank
2. Ensure the solvency of commercial banks
3. To meet the commitments of banks on a later date
Choose the correct option from the choice given below:
[A] 1,2 and 3
[B] 1 and 2 only
[C] 2 anad 3 only
[D] 3 only
Show Answer
Correct Answer: A [1,2 and 3 ]
Notes:
The following is the main objective of SLR:
1. Control credit expansion of banks by increasing or decreasing SLR.
2. Ensure the solvency of commercial banks
3. To meet the commitments of banks on a later date by investing in government bonds and others.
42. 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.
43. How many stock exchanges are there in India?
Show Answer
Correct Answer: C [5]
Notes:
There are 5 stock exchanges in India. They are BSE, NSE, United stock Exchange,MCX stock Exchange(MCX-SX) and India International Exchange(INX).
44. How many members are there in Monetary policy committee?
Show Answer
Correct Answer: C [6]
Notes:
The Monetary policy committee will have six members. Of the six members, the government will nominate three.
The other three members would be from the RBI with the governor being the ex-officio chairperson. Deputy governor of RBI in charge of the monetary policy will be a member, as also an executive director of the central bank.
45. What is the initial corpus of National Infrastructure investment fund(NIIF) ?
[A] Rs 20,000 crores
[B] Rs 30,000 crores
[C] Rs 40,000 crores
[D] Rs 50,000 crores
Show Answer
Correct Answer: C [Rs 40,000 crores]
Notes:
The government had set up NIIF with an initial corpus of ₹40,000 crore in 2015. It was set up as an investment vehicle mainly for funding commercially viable greenfield, brownfield and stalled infrastructure projects. The Indian government is investing 49% and the rest of the corpus is to be raised from third-party investors such as sovereign wealth funds, insurance and pension funds, endowments, etc.
46. Which of the following is / are correct statements regarding agriculture in India?
- Agriculture is the biggest private sector in India
- Agriculture income bears no income tax burden
Select the correct option from the codes given below:
[A] Only 1
[B] Only 2
[C] Both 1 & 2
[D] Neither 1 nor 2
Show Answer
Correct Answer: C [Both 1 & 2 ]
Notes:
Agriculture is not only the biggest sector of the economy, but also the biggest private sector too. It is the only profession which still carries no burden of individual income tax. At the same time, agriculture is also the biggest unorganised sector of the economy accounting for more than
90 per cent share in the total unorganised labour-force.
47. Where is Palam airport located?
[A] Delhi
[B] Mumbai
[C] Hyderabad
[D] Chennai
Show Answer
Correct Answer: A [Delhi]
Notes:
The domestic terminal of the Indira Gandhi International Airport at Delhi is known as the Palam airport.
48. Which city is the largest coal-producing city in India?
[A] Dhanbad
[B] Bilaspur
[C] Ranchi
[D] Hutar
Show Answer
Correct Answer: A [Dhanbad]
Notes:
Dhanbad has some of the largest coal mines in India and is called the Coal Capital of India. The city is surrounded by ~112 coal mines with a total production of 27.5 million tonnes.
49. Which country has the largest Anthracite reserves in the world?
[A] USA
[B] Australia
[C] Canada
[D] India
Show Answer
Correct Answer: A [USA]
Notes:
The United States of America is the top country by reserves of anthracite and bituminous coal in the world. The USA has about 219,534 million tons of Anthracite and Bituminous that account for 29.75% of the world’s reserves of anthracite and bituminous coal.
50. Which among the following country is not a signatory of the Nuclear Non-Proliferation Treaty?
[A] India
[B] Australia
[C] Barbados
[D] Canada
Show Answer
Correct Answer: A [India]
Notes:
India, Pakistan, Israel and South Sudan are the four non-signatories of Nuclear Non-Proliferation Treaty.
