MCQ on Indian Economy
The Reserve Bank of India was established in the year :
- 1930
- 1935
- 1940
- 1945
Explanation: RBI Nationalized on 1st Jan, 1949.
Which institution in India controls the monetary policy of Indian currency?
- Finance Commission
- The Finance Ministry of India
- The Reserve Bank of India
- None of the above
Explanation:
Which of the following Committees are related to Banking reforms: i) Narsimham Committee ii) P J Nayak Committee iii) Sunil Mehta Committee iv) Nachiket Mor Committee
- (i), (ii) and (iii) only
- (ii), (iii) and (iv) only
- (i) and (iv) only
- (i), (ii), (iii) and (iv)
Explanation:
Which among the following in India has the function of recommending Minimum Support Prices for various commodities to the Government ?
- National Farmers Commission
- Commission for Agricultural Costs and Prices
- Central Statistical organization
- Department of Agriculture
Explanation:
Who was the head of the 10th Finance Commission?
- K.C. Pant
- Manmohan Singh
- Vasant Sathe
- Shiv Shankar
Explanation:
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
Explanation:
Economic growth is usually coupled with ___________.
- deflation
- inflation
- Stagflation
- hyper inflation
Explanation:
Gilt-edged market means:
- Market of government securities
- Bullion market
- Market of commodities
- Market of pure metals
Explanation:
In India, which sector generally suffers from the problem of surplus labour ?
- Agriculture
- Industry
- Service
- All of these
Explanation:
Tertiary sector activities include
- Cottage industries
- Mining activities
- Construction activities
- Infrastructure services
Explanation: