MCQ on Indian Economy
In order to control inflationary price rise, Reserve Bank directs Banks to
- Reduce rate of interest on credit
- Reduce Statutory Liquidity Ratio (SLR)
- Increase Cash Reserve Ratio (CRR)
- Buy bonds from capital market
Explanation:
Plan finance creates increase of money supply if there is
- increase in taxes
- increase in loan from the Reserve Bank of India
- increase in loan from commercial Banks
- increase in loan from general public
Explanation:
The Special Economic Zones Act was passed by the Indian Parliament in 2005 and the Act came into force in:
- 2006
- 2009
- 2010
- 2012
Explanation:
Which of the following sector gives the largest income in India ?
- Trade sector
- Railway
- Agriculture
- Service sector
Explanation:
Which of the following has the highest per capita income ?
- Delhi
- Sikkim
- Haryana
- Goa
Explanation:
Match the following :
| List-I | List-II | ||
|---|---|---|---|
| a. | Monetary Policy Committee | 1. | Union Home Minister |
| b. | GST Council | 2. | Union Finance Minister |
| c. | NITI Aayog | 3. | RBI Governor |
| d. | Cabinet Committee on Parliamentary Affairs | 4. | Prime Minister of India |
- a-2, b-3, c-4, d-1
- a-3, b-2, c-4, d-1
- a-3, b-2, c-1, d-4
- a-2, b-3, c-1, d-4
Explanation:
What is hard currency?
- A stable currency
- Arranged in war time
- Issued by IMF
- Given by RBI to foreign banks
Explanation:
Which organisation looks after the credit need of agriculture and rural development in India ?
- FCI
- IDBI
- NABARD
- ICAR
Explanation:
From the following statements pertaining to the World Economic Forum (WEF), find the correct
statement(s) :
(i) The WEF is a platform under the International Monetary Fund (IMF).
(ii) The WEF is an independent department of the World Bank.
(iii) The WEF is an International Organization for Public-Private Cooperation.
(iv) The WEF was established in 1971 as a not-for-profit foundation and is headquartered in Geneva, Switzerland.
Select the correct answer using the codes given below.
- Only (1)
- Only (ii)
- Only (iii) and (iv)
- Only (ii) and (iii)
Explanation:
The Gandhian economy is based on the principle of:
- Competition
- Trusteeship
- State Control
- None of the above
Explanation: