Indian Economy MCQ Quiz Questions and Answers Quiz Questions

1. Which among the following Banks in India was the first to take a major step of reorganizing based upon market segmentation?

A ICICI Bank B State Bank of India C Punjab National Bank D Bank of Baroda

2. In context with the flow of the rural credit , which among the following comes at the last ?

A Primary Agricultural Cooperative Societies B District Central Cooperative Banks C State Agricultural Co-op Banks D NABARD

3. In context with the financial markets , an agreement to exchange floating rate payments for fixed rate payments (or vice-versa) at regular intervals over pre-specified period on a certain principal amount is known as ____?

A Currency Swap B Interest Rate swap C Rolling Settlement D Arbitration

4. In which year Physical coins and banknotes were introduced for the first time in Euro?

A 1995 B 2000 C 2002 D 2005

5. Who among the following was the chairman of RBI Working Group on Benchmark Prime lending Rate on the basis of which Base rate System is slated to switch over by the banks?

A Subir Gokarn B Ashok Chawla C Deepak Mohanty D Prof. U. R. Rao

6. Up to what fraction of direct foreign investment facility was allowed in the New Industrial Policy 1991?

A 26% B 49% C 51% D 60%

7. In which among the following types comes the

A Credit risk B Market risk C Operational risk D All the above categories

8. What is the full form of LIBOR (The interest rate at which banks offer to lend funds in the interbank market)

A Liverpool Inter Bank Offered Rate. B London Inter Bank Offered Rate. C Las Vegas Inter Bank Offered Rate. D Los Angeles Inter Bank Offered Rate.

9. Which among the following is the core method of stabilizing the markets under the Market Stabilisation Scheme (MSS) ?

A Issuing Treasury Bills and/ or dated securities B Purchasing Treasury Bills and/ or dated securities C Conducting Open Market Operations D All the above

10. With reference to the currency stock of India, which of the following include the Narrow Money?

A Only 1 B Only 1 & 2 C 1, 2 & 3 D Only 1 & 3

11. With reference to various types of Banking, what is “Mixed Banking”?

A when banks undertake the activities of commercial and investment banking together B when banks undertake the activities of wholesale and retail banking together C when banks undertake the activities of offline and online banking together D when banks undertake the activities of commercial and cooperative banking together

12. Kudremukh iron ore is exported from which of the following cities?

A Mangalore B Cochin C Chennai D Bhubaneshwar

13. Whats is the office sector demand with commercial leasing activity in the major cities of India in 2019?

A 70.2 msf B 69.4 msf C 60.3 msf D None of the above

14. When was the Builders Association of India founded?

A 1941 B 1954 C 1946 D 1939

15. What is the contribution of Paper Industry to Indian exchequer?

A Rs 5000 crores B Rs 7000 crores C Rs 8000 crores D Rs 2000 crores

16. How many candidates have completed training under Pradhan Mantri Gramin Digital Saksharta Abhiyan (PMGDISHA) till now?

A 1 crore B 2 crores C 4 crores D 1.5 crores

17. What is target expenditure on Education under National Education policy 2020?

A 4% of GDP B 6% of GDP C 1.5% of GDP D 3% of GDP

18. What is the domestic revenue generated by IT-BPM industry in 2019-20?

A US $ 50 billion B US $ 40 billion C US $ 44 billion D US $ 60 billion

19. When was the National telecom policy announced in India?

A 2017 B 2918 C 2019 D 2016

20. In what multiples are the T-Bills issued in India by RBI?

A 10000 B 5000 C 25000 D 1000

21. Which of the following industries is considered as “Mother of all industries”?

A Textile industry B Coal industry C Iron and steel industry D Jute industry

22. Who is the author “The Theory of Economic Growth”?

A Gary Becker B Mark Skousen C Israel Kirzner D W Arthur Lewis

23. Who wrote “The Economics of imperfect Competition”?

A E.H.Chamberlin B John Robinson C J.R.Hicks D Dean Baker

24. Which among the following countries have traditional economic system?

A India B USA C Germany D None of the above

25. Which of the following is not part of the core industry?

A 1, 3 and 4 only B 4 and 5 only C 1 and 3 only D 1 and 2 only

26. Which among the following fruit doesn’t have a GI tag?

A Nagpur Oranges B Nanjanagud Banana C Vazhakulam Pineapple D Andhra Rasala

27. Who among the following regulates the Collective investment scheme(CIS)?

A RBI B SEBI C Bank Board Bureau D None

28. Which is the oldest stock exchange of Asia?

A Bombay stock exchange B Singapore stock Exchange C Shangai Stock Exchange D Tokyo Stock Exchange

29. Which is the largest bamboo producing country in the world?

A China B India C Japan D Vietnam

30. What is Miyawaki method?

A Method to conserve forests B Method of Sustainable deforestation C Method of urban afforestation D Method of core area development in forest

31. Which among the following is a nominal anchor for the inflation targeting?

A General inflation B Core inflation C CPI inflation D None of the above

32. How many stock exchanges are there in India?

A 2 B 4 C 5 D 7

33. What is the maximum takeout limit of an Infrastructure Debt Fund if it is registered as a NBFC?

A 50% of the project cost B 75% of the project cost C 65% of the project cost D 85% of the project cost

34. The National Highways Development Project was launched in which year ?

A 1999 B 1998 C 2000 D 1997

35. Indian Airlines merged with Air India in which year?

A 2011 B 2012 C 2009 D 2010

36. The National Assessment and Accreditation Council is funded by which organization?

A University Grants Commission B All India Council for Technical Education C The National Council of Educational Research and Training D Association of Indian Universities

37. Which of the following measure is taken by RBI to infuse liquidity in the economy:

A 1 and 4 B 1,2 and 4 C 1 and 3 D 3 and 4

38. Which among the following committee recommended for the separation of railway budget from the general budget?

A McMarthy Committee B Acworth Committee C Mcmohan Committee D Morley Minto Committee

39. In which year Setu Bharatam was launched?

A 2018 B 2017 C 2016 D 2919

40. Which among the following SEZ is planned under Project Sagarmala?

A Varanasi SEZ B Kalinga SEZ C Delhi SEZ D Patna SEZ

41. Which is the largest tobacco-producing state in India?

A Tamil Nadu B Karnataka C Andhra Pradesh D Madhya Pradesh

42. What is the value total export of woolen products from India?

A US $222.5 million B US $422.5 million C US $352.5 million D None of the above

43. Which agency certifies agricultural products to ensure their quality?

A AGMARK B ISI C BSI D ISO

44. Who launched the program Lab to Land program?

A ICAR B ICMR C NABARD D CACP

45. Who administers the Industries (Development and Regulation) Act 1951?

A DGCA B DIPP C DAC D None of the above

46. How many Industrial Training Institutes (ITI) are there in India?

A 14602 B 15682 C 13872 D 12653

47. What is the chemical industry contribution to manufacturing output?

A 11.3% B 20.5% C 17.6% D 13.4%

48. Which among the chemicals types is the most produced in India?

A Alkaline chemicals B Acidic chemical C Neutral chemicals D None

49. What is the market value of Retail Industry of India?

A US $ 950 billion B US $ 850 billion C US $ 700 billion D US $ 600 billion

50. What is the FDI allowed by India in electrical machinery industry under direct route?

A 100 B 75 C 51 D 49