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Indian Economy MCQs with Answer
Q: Government imposes taxes to:
A: run the machinery of State
B: uplift of weaker sections
C: check the accumulation of wealth among the rich
D: None of the above
Answer
run the machinery of State
Q: Which of the following benefits is covered under social security schemes ?
A: Retirement benefits
B: Medical facility
C: Compensation facilities
D: All of the above
Answer
All of the above
Q: The World Trade Organisation has replaced which organisation ?
A: ITO
B: UNCTAD
C: GATT
D: OECD
Answer
GATT
Q: Inclusive growth as enunciated in the Eleventh Five Year Plan does not include one of the following:
A: Reduction of Poverty
B: Extension of employment opportunities
C: Strengthening of capital market
D: Reduction in gender inequality
Answer
Strengthening of capital market
Q: If the Cash Reserve Ratio (CRR) is lowered by the RBI, its impact on credit creation will be to :
A: decrease it
B: increase it
C: No impact
D: None of these
Answer
increase it
Q: Pradhan Mantri Jan Dhan Yojana was first announced by Hon'ble Prime Minister Modi on:
A: 15th August, 2014
B: 28th August, 2015
C: 26th January, 2016
D: None of the above
Answer
15th August, 2014
Q: The SEBI was given statutory recognition in 1992 on the recommendation of:
A: the Chakraborty Commission
B: the Chelliah Committee
C: the Tendulkar Committee
D: the Narasimham Committee
Answer
the Narasimham Committee
Q: Gilt-edged market means:
A: Market of government securities
B: Bullion market
C: Market of commodities
D: Market of pure metals
Answer
Market of government securities
Q: In order to control inflationary price rise, Reserve Bank directs Banks to
A: Reduce rate of interest on credit
B: Reduce Statutory Liquidity Ratio (SLR)
C: Increase Cash Reserve Ratio (CRR)
D: Buy bonds from capital market
Answer
Increase Cash Reserve Ratio (CRR)
Q: Which of the following products of Tripura ranks Second in all India level in terms of production ?
A: Paddy
B: Bamboo
C: Natural gas
D: Natural rubber
Answer
Natural rubber
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