Indian Economy MCQs

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

61. Since April 1, 2002 the entire net collections under the small saving schemes are transferred to States/Union Territories in India. This has been referred to as a loan from which among the following accounts?

[A] Consolidated Fund of India
[B] Consolidated Funds of States
[C] Public Account of India
[D] None of them

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62. Which among the following Ministry is running the “Village Grain Bank Scheme”?

[A] Ministry of Agriculture
[B] Ministry of Food and Public Distribution
[C] Ministry of Tribal Affairs
[D] Ministry of Rural Development

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63. To get the Credit History of a company, which among the following should be approached?

[A] ECGC
[B] CIBIL
[C] SEBI
[D] RBI

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64. Under which among the following acts, Hawala transactions are banned in India?

[A] FERA
[B] FEMA
[C] FRBMA
[D] AFSPA

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65. Which among the following is terms is commonly not assciated with Budgets in India?

[A] Outcome Budget
[B] Gender Budget
[C] Austerity Budget
[D] Gross Budgetary Support

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66. National Optical Fiber Network will be providing broadband connectivity to which among the following?

[A] Municipalities
[B] Gram Panchayats
[C] Panchayat Samitis
[D] Nagarpalikas

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67.  How many key infrastructure sectors are known as Core sector in Indian Economy,used for Index of Industrial Production (IIP) data?

[A] 5
[B] 6
[C] 7
[D] 8

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68. Interests payable on savings bank accounts in India is ___

[A] Not regulated
[B] Regulated by RBI
[C] Regulated by Central Government
[D] Regulated by State Governments

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69. Which among the following is known as Gresham’s Law?

[A] Good Money (if not limited in quantity) drives out bad money out of circulation
[B] Bad Money (if not limited in quantity) drives out Good money out of circulation
[C] Good Money (if limited in quantity) drives out bad money out of circulation
[D] Bad Money (if limited in quantity) drives out Good money out of circulation

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70. What is the Capital Adequacy ratio for a new bank applying for license in India, as per the draft guidelines of RBI for issuing new bank licenses?

[A] 9%
[B] 10%
[C] 11%
[D] 12%

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