Economics MCQ

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Candidates who are preparing for different examination these Economics questions are very useful to know how well the preparation is going on. So here is set of some Indian economy questions.

Set of general knowledge questions on economics.

 

 

 

  1. Recently, Nachiket Committee on Financial services has recommended a new type of Payment banks. Which of the following is not true about them?
    1. Scheduled commercial banks will be allowed to open Payment banks as subsidiaries.
    2. Payment banks will be exempted from CRR and SLR requirement.
    3. Mobile phone companies, consumer goods companies, post office and cooperative societies will be allowed to apply for Payment bank license.
    4. None of Above

 

  1. Financial inclusion doesn’t automatically help in:
  1. turning savings into investment
  2. reducing current account deficit
  3. Decreasing inflation

Which of the below choices are correct?

  1. only 1 and 2
  2. only 1 and 3
  3. only 2 and 3
  4. None of above.

 

3. Consider the following statements

1. The general sale Tax is imposed on all the goods passing through the hands of dealer on his total turnover.

2. Selective Sales tax is imposed on the some selective article in the some states.

Which of the statements given above is/are correct?

(a) Only 1                  (b) Only 2

   (c) Both 1 and 2        (d) Neither 1 nor 2

 

 

  1. .With reference to India consider the following

1. Nationalisation of Banks

2. Formation of Regional Rural Banks

3. Adopion of village by Bank Branches

Which of the statements given above is/are correct about the Indian Banking System?

(a) 1 and 2                 (b) 1 and 3

(c) 2 and 3                 (d) 1, 2 and 3

 

  1. Consider the following statements

1. Self Help Groups are considered eligible for financing under the Prime Minister’s Rozgar Yojana.

2. Under Prime Minister’s Rozgar Yojana, there is a provision for the 10-year relaxation for SC/ST, ex-servicemen/physically handicapped and women in the upper age limit.

Which of the statements given above is/are correct?

(a) Only 1                  (b) Only 2

(c) Both 1 and 2        (d) Neither 1 nor 2

 

6. Which one of the following is the correct sequence of employment generation by the different sectors of Indian Economy?

(a) Primary>Secondary>Tertiary

   (b) Primary>Tertiary>Secondary

(c) Tertiary>Primary>Secondary

(d) Tertiary>Secondary>Primary

 

7. Consider the following statements

1.NABARD inherited all the apex roles from Reserve Bank of India.

2.NABARD given long-term loans to state governments to enable them to Subscribe to the share of cooperative credit societies.

Which of the statements given above is/are correct?

(a) Only 1                  (b) Only 2

(c) Both 1 and 2        (d) Neither 1 or 2

 

 

8. Consider the following statements about the National Mission for Sustainable Agriculture (NMSA) started in india in 2010

1. National Mission for Sustainable Agriculture (NMSA) aims at enhancing food security and protection of resources such as land, water, biodiversity, and genetic resources.

2. National Mission for Sustainable Agriculture (NMSA) is one of the very important programme under the National Action Programme on Climate Change.

Which of the statements given above is/are correct?

(a) Only 1                  (b) Only 2

(c) Both 1 and 2     (d) Neither 1 nor 2

 

9 The working of SEBI includes
A.  To regulate the dealings of share market
B.  To check the foul dealings in share market
C.  To control the inside trading of shares
D.  All of the above

 

10  A zero rate of inflation obtains necessarily in a year where the annual rate of inflation
A. in every week of the year is zero
B. is falling in every week of the year
C. is both falling and rising in a year
D. is constant in every week of the year
 

12.Consider the following statements regarding argument for free trade:

1.Free trade leads to maximization of output, income and
employment.
2. Free trade prevents monopoly.
3. Free trade protects domestic industries.

Which of the statements given above is/are correct?
(a) 1 only
(b) 1 and 2
(c) 2 and 3
(d) 1,2 and 3

 

 

  1. Which one of the following is correct about the Fiscal Deficit during 11th Five Year Plan?

(a) Fiscal deficit was gradually increased from the beginning towards the end of the plan

(b)Fiscal deficit was gradually decreased from the beginning towards the end of the plan

(c) Fiscal deficit was remained constant throughout the plan period

   (d) Fiscal deficit was gradually increased at first half and then decreased at the second half

 

  1. Consider the following statements

1. Cochin Shipyard is the largest shipyard in the country.

2. Garden Reach Shipbuilders & Engineers Limited (GRSE) is a Mini-Ratna company.

Which of the statements given above is/are correct?

(a) Only 1                  (b) Only 2

(c) Both 1 and 2       (d) Neither 1 nor 2

 

  1. Which one of the following correctly explains the underdeveloped nature of the economy of India?1. 1. Inequitable distribution of income.

2. High unemployment in the economy.

3. Slow rate of growth of road infrastructure.

Which of the statements given above is/are correct?

(a) 1and  3          (b)      1, 2 and 3

(c) 2 and 3          (d)      3only

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