1000 Best Indian Economy MCQs
Indian Economy MCQs/ Objective Type Questions- important questions and previous year asked questions in various competetive examinations like UPSC, SSC , State PSC , HPPSC, HPSSC, HPSSSB and other govt job exams.
Indian Economy MCQs
Q1). If there is an increase in the external commercial borrowings in India. What will be the impact on the external debt of the country?
a).Increase
b).Decrease
c).Remain unaffected
d).Either increase or decrease
Correct Answer:
Increase
Explanation:
Q2). Which among the following is world’s largest foreign exchange market ?
a).New York
b).London
c).Tokyo
d).Moscow
Correct Answer:
London
Explanation:
Q3). With which of the following WIPO is related to ?
a).Investment
b).Intellectual property
c).International trade
d).Indigenous people
Correct Answer:
Intellectual property
Explanation:
Q4). What is the name of reserve Bank of India’s VSAT based communication system which is used for financial transaction between banks?
a).FIB
b).INFINET
c).INFONET
d).BANKNET
Correct Answer:
INFINET
Explanation:
Q5). The idea of Regional Rural Banks (RRBs) in India was promulgated with RRB Act of 1976. In June 2004, an Advisory Committee on Flow of Credit to Agriculture and Related Activities recommended restructuring of RRBs in order to improve the operational viability of RRBs and take advantage of the economies of scale. Who among the following was the chairman of this committee?
a).Prof V S Vyas
b).PD Ojha
c).Deepak Mohanty
d).Prof. V K Sharma
Correct Answer:
Prof V S Vyas
Explanation:
Q6). Which among the following is not a Government scheme / project to enhance financial Inclusion?
a).Pradhan Mantri Jan Dhan Yojana
b).Bharat Financial Inclusion
c).BSBDA
d).Aadhaar Enabled Payment System
Correct Answer:
Bharat Financial Inclusion
Explanation:
Q7). Which among the following is a correct definition of the “Inflationary gap”?
a).The difference between total spending at full employment level and total spending above that level.
b).The difference between the price of a product at a time and price of that product at some different time
c).Difference between the national expenditure and total expenditure
d).Difference between Estimated fiscal deficit and actual fiscal deficit
Correct Answer:
The difference between total spending at full employment level and total spending above that level.
Explanation:
Q8). The banks keep the Cash Reserve Ratio in the form of __:
a).Government Securities
b).Cash in Hand
c).Deposits in RBI
d).Cash and Government Securities in hand
Correct Answer:
Deposits in RBI
Explanation: