Indian Economy MCQs

61. UDYAMI helpline is for?
[A] Large capital Industries
[B] Female entrepreneur
[C] Farmers introducing technology in Farming
[D] Micro, small & medium size enterprises

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62.  National Food Grain Movement Plan is primarily related to which among the following?
[A] Development of new seed varieties of food grains
[B] Opening food grain seeds villages
[C] Modernization of Public Distribution System
[D] All the above

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63. In context with banking, what is the correct full form of ADF?
[A] Automatic Debt Function
[B] Automatic Data Function
[C] Automated Data Flow
[D] Additional Debt Finance

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64. It has been generally viewed that when an economy grows beyond its potential growth rate, it causes inflation. How does growing faster than the potential rate cause inflation?
[A] Fast growth causes quick resource utilization to fulfill the higher demand
[B] Fast growth causes more employment opportunities which leads to rise in prices
[C] Fast growth causes more productivity which leads to higher supply and cost push inflation
[D] All of above mentioned reasons

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65. One of the economic laws says that as incomes increase, the proportion of starchy staples in the food basket declines relative to the share of more expensive sources of calories. What this hypothesis is known as ?
[A] Engel’s Law
[B] Bennet’s Law
[C] Campbell’s law
[D] Gresham’s law

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66. What is the upper limit of RTGS transaction in India?
[A] Rs. 5 Lakh
[B] Rs. 10 Lakhs
[C] Rs. 15 Lakhs
[D] No limit

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67. 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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68. Central Employment Guarantee Council overlooks the progress of which among the following scheme?
[A] MGNREGA
[B] Food for Works Programme
[C] National Rural Livelihood Mission
[D] All of them

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69.  Commercial Paper (CP) is an unsecured money market instrument issued in the form of a _____?
[A] Demand Draft
[B] Cheque
[C] Bill of Exchange
[D] Promissory Note

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70. In which of the following years, the Family Planning Insurance Scheme was launched in India?
[A] 2004
[B] 2005
[C] 2006
[D] 2007

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