Economics/Indian Economy MCQs Part 1 Sample Test,Sample questions

Question:

As per the Lakdawala Formula  which among the following is accepted to estimate urban poverty?





1.Consumer price Index for industrial labors

2.Consumer price Index for Agriculture

3.Wholesale Price index

4.2 & 3


Question:
30The two presses of Bharatiya Reserve Bank Note Mudran Private Limited (BRBNMPL) are located at:



1.Mysore and Salboni

2.Nashik and Dewas

3.Mysore and Dewas

4.Mumbai and Kolkata


Question:
3Which among the following is the oldest and most common form of Electronic Funds Transfer System?



1.Wire transfers

2.Automatic Teller Machines

3.Cash Dispensers

4.Point of Sale Terminals


Question:
A transfer payment is a payment that is __:



1.made by the government to its current workers

2.made to people who are needy

3.For in-kind services provided to the government

4.For which no services or goods are rendered


Question:
Consider the following:
External Commercial Borrowings
Treasury bills
Special drawing rights
Which of the above can serve as a tool to combat current account deficit?








1.1 Only

2.1 and 2 Only

3.1 and 3 Only

4.12 and 3


Question:
Express Remit is the brand name of a remittance facility by which of the following banks?



1.State Bank of India

2.Punjab National Bank

3.Bank of Baroda

4.ICICI Bank


Question:
For which among the following reasons tank irrigation is practiced mainly in Peninsular India?
1 Undulating relief and hard rocks make it difficult to dig canals and wells
2 Most of the rivers are rainfed
3 Of compact nature of population and cultivating field
Choose the correct option from the codes given below:



1.1 only

2.1 & 2

3.1 & 3

4.1 2 & 3


Question:
Global Trust Bank was acquired by which of the following banks in year 2004?


1.Canara Bank

2.Union Bank of India

3.Corporation Bank

4.Oriental Bank of Commerce


Question:
How many focus sectors are there under Make in India initiative?

1.30 sectors

2.25 sectors

3.1 sectors

4.20 sectors


Question:
Imposing an Import quota helps in__:
correcting unfavourable balance of payments
improving balance of trade
protecting domestic industries
promoting exports
Select the correct option from the codes given below:








2

1.Only 1 & 2

2.Only 1 & 3

3.Only 1 2 & 3

4.1 2 3 & 4


Question:
In context with the bank loan disbursements a Crop maturing in minimum of which of the following periods is called a Short Term Crop?







1.6 Months

2. Months

3. Months

4.36 Months


Question:
In India the Foreign Exchange Reserves are kept in the custody of which among the following?



1.Ministry of Finance

2.EXIM bank

3.Reserve Bank of India

4.Selected Public Sector Banks


Question:
In which of the following actions will be taken by Reserve bank of India to curb the excess liquidity when the deficit financing increases?


1.Increases CRR

2.Decreases Bank rate

3.Resorts to open market operations

4.Raises the Tax rates


Question:
In which year 30-scrip Sensex was launched by the BSE the oldest bourse in the entire Asian continent?







1.10

2.13

3.16

4.10


Question:
On which of the following Date a Bank publishes its balance sheet ?







1.31-Mar

2.1-Apr

3./31/2021

4.1-Jan


Question:
The Reserve Bank of India follows the principle of reciprocity and single mode of presence with respect to the __:


1.Private Banks

2.Foreign Banks

3.Regional Rural Banks

4.Urban Cooperative Banks


Question:
The time period between jobs when a worker is transitioning from one job to another is known as__:



1.Turnover unemployment

2.Cyclical unemployment

3.Structural unemployment

4.Frictional unemployment


Question:
To avoid a Prompt Coercive Action from the Reserve Bank of India a bank should not fall in which of the following conditions?







1.It should have a very high NPA

2.It should have a very low NPA

3.It should have high capital adequacy Ratio

4.It should have high profits


Question:
What is the contribution of livestock to total agricultural output?

1.3545%

2.1545%

3.2525%

4.35.00%


Question:
What is the initial corpus of Long Term Irrigation Fund (LTIF)?



1.30000 crores

2.20000 crores

3.10000 crores

4.None of the above


Question:
What is the minimum public shareholding (MPS) mandated by SEBI for Private Companies and PSUs respectively?







1.5% and 0%

2.0% and 5%

3.10% and 25%

4.25% and 10%


Question:
What is the spatial arrangement of crops in an area known as?







1.Cropping pattern

2.Land topography

3.Crop arrangement

4.Crop allignment


Question:
What type of irrigation is popular in the areas of Satluj-Ganga plain?

1.Tank

2.Canal

3.Wells & Tubewells

4.None of the above


Question:
When was Industries (Development and Regulation) Act passed?








1.14

2.151

3.160

4.155


Question:
Which among the following are TOP 3 debtors of World Bank ?







1.India South Africa Mexico

2.India Mexico South Africa

3.India Mexico Pakistan

4.Mexico India South Africa


Question:
Which among the following closest instrument to Gold ETF? 

1.Debenture

2.G-Sec security

3.Mutual Fund

4.Commercial Paper


Question:
Which among the following group best fits in a definition of a shadow banking system?



1.Scheduled Commercial Banks Non Banking Finance Companies Hedge Funds

2.Non banking Finance Companies Investment banks Hedge funds

3.Scheduled Commercial Banks Private Banks and NBFCs

4.Scheduled Commercial banks Cooperative Banks and Investment Banks


Question:
Which among the following indicates the total borrowing requirements of Government from all sources?







1.Revenue deficit

2.Fiscal Deficit

3.Primary Deficit

4.Effective Revenue Deficit


Question:
Which among the following is / are included in the Public Debt?
Government debts to institutions and people in the country
Loans raised from the public by various companies
Loans advanced by banks to business houses of public
Select the correct option from the codes given below:




1.Only 1

2.Only 1 & 2

3.Only 1 & 3

4.1 2 & 3


Question:
Which among the following is a correct definition of fiscal deficit?







1.The gap between projected or estimated GDP and actual GDP

2.The total value of currency notes issued and currency actual in circulation

3.The gap between actual borrowings of government of India and expected expenditures as per budget provisions

4.Excess of Govts disbursement comprising current and capital expenditures over its current receipts


Question:
Which among the following is a correct impact of Dear Money ?

1.Borrowings become cheap

2.Borrowings become expensive

3.Borrowings become either cheap or expensive

4.There is no impact of Dear Money on Borrowings


Question:
Which among the following is incorrect regarding Coffee Krishi Tharanga?







1.Coffee KrishiTharanga services are aimed at providing customized information and services to increase productivity

2.It was implemented in Chikmagalur and Hassan districts of Karnataka State covering 30000 farmers

3.SIDBI has funded the project

4.All the above


Question:
Which among the following is the correct definition of Real Burden of Tax







1.The reduction in the disposable income to the tax payers

2.Amount of tax being paid by the taxpayers to the authorities

3.Additional expenses incurred by the taxpayers in addition to the amount paid to the authorities

4.The Loss of the welfare to the taxpayers and the community as a whole


Question:
Which among the following is the nodal ministry for FSSAI?







1.Ministry of health and family welfare

2.Minsitry of agricutlure

3.Ministry of environmentforest and climate change

4.Ministry of commerce


Question:
Which city is called Grapes capital in India?



1.Nasik

2.Ahmednagar

3.Satara

4.Sangli


Question:
Which fruit variety is PUSA MAJESTIC?







1.Guava

2.Papaya

3.Mango

4.Orange


Question:
Which is the largest sugar-producing country in the world?







1.India

2.Brazil

3.China

4.None of the above


Question:
Which is the top cotton-producing state?



1.Gujarat

2.Maharashtra

3.Karnataka

4.Rajasthan


Question:
Which item contributes maximum for Indian Imports?



1.Oil

2.Gems

3.Automobiles

4.Iron and steel


Question:
Which of the following company introduced for the first time Traveller Cheques in the form of circular notes? 







1.Cox & King

2.Thomas Cook

3.American Express

4.HSBC Bank USA


Question:
Which of the following imaginary circumstances the Reserve bank of India will opt to sell Government securities in the open market?



1.When the Foreign funds inflow is meek

2.When there is enormous Foreign Funds Inflow in the Indian Economy

3.When banks have low liquidity and need liquidity

4.When Government of India asks the RBI to sell securities


Question:
Which of the following is / are the disadvantages of GM seeds?
High seed cost
Impact on the environment
Impact on human health
High productivity
Select the correct option from the choices given below:

1. 1 2 and 4 only

2. 1 2 and 3 only

3. 1 2 and 4 only

4. 1 and 2 only


Question:
Which state is the largest tendu leaves producer in India?







1.Arunachal Pradesh

2.Andhra Pradesh

3.Chattisgarh

4.Madhya Pradesh


Question:
Which Thithankaras philosophy influenced the Economics in Jainism ?



1.Mahavira

2.Gowthama Buddha

3.Rishabanath

4.Prashavanatha


Question:
Which variety of mango has GI tag ?







1.Chausa

2.Langra

3.Alphonso

4.All of the above


Question:
Who among the following from India functions as the ex-officio Governor on the Board of Governors of the International Monetary Fund?





1.President

2.Prime minister

3.Finance minister

4.RBI governor


Question:
Who among the following in India can borrow using the facility of cash management bills?







1.Government

2.RBI

3.Commercial banks

4.Corporate


Question:
Who among the following was the first Deputy Chairman of the Planning commission ?



1.VT Krishnamachari

2.CM Trivedi

3.Gulzari Lal Nanda

4.Ashok Mehta


Question:
Who published The State of the Worlds Biodiversity for Food and Agriculture?







4

1.World Bank

2.World Economic forum

3.Food and Agricultural organization

4.UNESCO


Question:
Why was Gopal Ratna awards given?



1.For doing organic farming

2.For maintaining the best herd of Indigenous Breed

3.For using Bio gas

4.None of the above


More MCQS

  1. Class 9th Economics
  2. Class 10th Economics
  3. Economics Development
  4. Social Economics -Development
  5. Sectors of Indian Economy
  6. Indian Economy for Competitive Examinations
  7. Economics Bank System MCQS
  8. Economics National Income MCQS Set-1
  9. Economics National Income MCQS Set-2
  10. Economic Growth and Development
  11. Economics Money Banking and International Trade
  12. Economics Nature and Scope of Economics
  13. Economics Production and Production Function
  14. Economic Development and Planning
  15. Economics Balance of Payments
  16. Economics Central Bank
  17. Economics Equilibrium Of National Income
  18. Economics International Economic Organisations
  19. Economics Business and Finance
  20. Economics Economics and Commercial Geography
  21. Economics International Economic Organisations set-2
  22. Economics Money and Value of Money
  23. Economics Demand and Supply Set-1
  24. Economics Economy of Pakistan
  25. Economics Public Finance
  26. Economics Scale Of Production and Laws of Returns
  27. Economics Transport Communication and Human Resources
  28. Economics Wages Rent Interest and Profit
  29. Economics Demand and Supply Set-2
  30. Economics Great Economists and Their Work Set-1
  31. Economics Great Economists and Their Work Set-2
  32. Economics Market and Revenue Curves
  33. Economics Market Equilibrium
  34. Economics National Income Accounting Set-1
  35. Economics World Economy
  36. Economics National Income Accounting Set-2
  37. MCQ Indian Economy Set 5
  38. MCQ Indian Economy Set 1
  39. MCQ Indian Economy Set 2
  40. MCQ Indian Economy Set 3
  41. MCQ Indian Economy Set 4
  42. Indian Economy MCQs Part 1
  43. Indian Economy MCQs Part 2
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