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Indian Economy MCQs with Answer
Q: Which of the following is not an asset held by the commercial bank ?
A: Bills of exchange
B: Current account deposits
C: Money lent at short notice
D: Credit balances with the Reserve Bank
Answer
Current account deposits
Q: Economic growth is usually coupled with ___________.
A: deflation
B: inflation
C: Stagflation
D: hyper inflation
Answer
inflation
Q: Scheme run under MGNREGA are sponsored :
A: by the Central Government alone
B: by the State Government alone
C: partly by the Central Government and partly by the State Government
D: by Centre, State and Panchayat bodies together
Answer
partly by the Central Government and partly by the State Government
Q: The basic regulatory authority for mutual funds and stock markets lies with the:
A: Stock exchanges
B: Government of India
C: Reserve Bank of India
D: Securities and Exchange Board of India.
Answer
Securities and Exchange Board of India.
Q: The Iron and Steel plants of Rourkela and Durgapur were conceived under the:
A: First Five Year Plan
B: Second Five Year Plan
C: Third Five Year Plan
D: Fourth Five Year Plan
Answer
Second Five Year Plan
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: If the RBI adopts expansionist open market operations policy, this means that it will:
A: openly announce to the market that it intends to expand credit
B: sell securities in open market
C: offer commercial banks more credit in the open market
D: buy securities from non-government holders
Answer
sell securities in open market
Q: Who wrote the book
Planned Economy for India
?
A: Jawaharlal Nehru
B: Indira Gandhi
C: M. Visvesvaraya
D: Mahatma Gandhi
Answer
M. Visvesvaraya
Q: Fiscal policy is connected with:
A: exports and imports
B: issue of currency
C: public revenue and public expenditure
D: liquidity of money
Answer
public revenue and public expenditure
Q: In India, present trend of rapid urbanization is due to:
A: lack of employment opportunities in rural areas
B: influence of cinema and electronic media
C: break up of joint family system
D: abolition of zamindari tystem
Answer
lack of employment opportunities in rural areas
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