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MCQ on Indian Economy

In India, Special Economic Zones were established to enhance:

  • Technology Development
  • Free Trade
  • Foreign Investment
  • Employment
  • Correct Option: B  [ Free Trade ]

    Remark:

NPA of a commercial bank means:

  • Net-Performing Asset
  • New-Performing Asset
  • Non-Personal Account
  • Non-Performing Asset
  • Correct Option: D  [ Non-Performing Asset ]

    Remark: A non performing asset (NPA) is a loan or advance for which the principal or interest payment remained overdue for long period.

Poverty is defined as:

  • A monetary condition brought about by people's own laziness
  • A monetary condition where people do not have enough to satisfy basic needs
  • A monetary and non-monetary conditions where people lack access to community regulated common resources, opportunities and income
  • All of the above
  • Correct Option: C  [ A monetary and non-monetary conditions where people lack access to community regulated common resources, opportunities and income ]

    Remark:

Which of the following is not the part of non-statutory welfare measure ?

  • Health
  • Education
  • Transport
  • Employees compensation
  • Correct Option: C  [ Transport ]

    Remark:

Who was the father of Operation Flood in India ?

  • Dr. Varghese Kurien
  • M. S. Swaminathan
  • A P J Abdul Kalam
  • Morarji Desai
  • Correct Option: A  [ Dr. Varghese Kurien ]

    Remark: Operation Flood related to Milk Production.

"SEBI" stands for the:

  • State Earnings Board of India
  • Securities and Exchange Bank of India
  • Securities and Exchange Board of India
  • State Exchange Bank of India
  • Correct Option: C  [ Securities and Exchange Board of India ]

    Remark: The Securities and Exchange Board of India was constituted as a non-statutory body on April 12, 1988 through a resolution of the Government of India.
    The Securities and Exchange Board of India was established as a statutory body in the year 1992

The Plan launched in the 50th year of Indian Independence was :

  • Sixth five year plan
  • Eighth five year plan
  • Ninth five year plan
  • Tenth five year plan
  • Correct Option: C  [ Ninth five year plan ]

    Remark:

If withdrawal of a worker from employment does not create any output loss, this situation is known as

  • Search unemployment
  • Voluntary unemployment
  • Disguised unemployment
  • Frictional unemployment
  • Correct Option: C  [ Disguised unemployment ]

    Remark:

Which of the following was established in 1990 as a wholly owned subsidiary under the Small Industries Development Bank of India Act, 1989 ?

  • RBI
  • SIDBI
  • ICICI
  • NABARD
  • Correct Option: B  [ SIDBI ]

    Remark:

Which of the following is not an asset held by the commercial bank ?

  • Bills of exchange
  • Current account deposits
  • Money lent at short notice
  • Credit balances with the Reserve Bank
  • Correct Option: B  [ Current account deposits ]

    Remark: