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. Debt financing that can magnify the risk and reward for an investment are called as follows:
[A] Reward risk
[B] Derivative
[C] Leverage
[D] Investment strategy
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Correct Answer: C [Leverage]
42. In context with the Real Time Gross Settlement which is maintained by the RBI in India, what is the number of characters in the alphanumeric codes provided to each bank connected with Core Banking System?
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43. Which of the following committee is known to lay the foundation for induction of Computer Technology in the Indian Banking Sector ?
[A] Abid Hussein Committee
[B] Dr. Rangarajan Committee
[C] Narsimham Committee
[D] Vijay kelker Committee
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Correct Answer: B [Dr. Rangarajan Committee]
44. Which among the following is an example of Arbitrage?
[A] A firm of brokers purchases certain shares at BSE and sells the same number of shares at NSE to take advantage of minor difference in rates
[B] A firm of currency brokers purchases US dollars and sells the British Pounds with the same value
[C] A firm buys certain number shares of a company and sells similar number of shares of another company which is doing better in the market
[D] A firm buys certain currency today and undergoes a contract to sell the same currency after two months
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Correct Answer: A [A firm of brokers purchases certain shares at BSE and sells the same number of shares at NSE to take advantage of minor difference in rates]
45. Deposit Insurance is a limited level of protection provided by the government to depositors against bank failures. Which among the following does not come under the purview of deposit insurance?
[A] commercial banks
[B] branches of foreign banks functioning in India
[C] local area banks
[D] Non Banking Financial Corporations
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Correct Answer: D [Non Banking Financial Corporations]
46. Which among the following programme was the brainchild of National Advisory Council of UPA government?
[A] Pradhan Mantri Gram Sadak Yojna
[B] National Literacy Mission
[C] National Rural Employment Guarantee Act
[D] New Pension Scheme
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Correct Answer: C [National Rural Employment Guarantee Act]
47. If a non profit organization is converted into a profit earning company, the process will be called as:
[A] Dematerialization
[B] Rematerialization
[C] Demutualization
[D] Decentralization
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Correct Answer: C [Demutualization]
48. In which year, Unorganized Workers Social Security Act was passed?
[A] 2006
[B] 2008
[C] 2010
[D] 2012
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Correct Answer: B [2008]
Notes:
The Unorganized Workers Social Security Act, 2008 provides for constitution of a National Social Security Board and State Social Security Boards which will recommend social security schemes for unorganized workers.
49. The government has responsibility to ensure availability of which among the following to all consumers regardless of their ability to pay price?
[A] Giffen Goods
[B] Supplementary Goods
[C] Merit Goods
[D] Complementary Goods
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Correct Answer: C [Merit Goods]
50. The livestock census in India is done every_______?
[A] 1 Year
[B] 3 Years
[C] 5 Years
[D] 10 years
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Correct Answer: C [5 Years]
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