Indian Economy MCQs

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The first stock exchange was in the Netherlands when the Dutch East India Company issued the first shares on the Amsterdam Stock Exchange

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Loan syndication is the process which involves a group of lenders to fund various portions of a loan for a single borrower. Loan syndication most often used when a borrower requires a large quantum of funds which generally cannot be lent by a single lender.

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The Insurance Regulatory and Development Authority of India (IRDAI) is the national agency of Government of India (GoI) for the Indian insurance industry. It is the regulatory body established under the Insurance Regulatory and Development Authority Act, 1999 and reports to Ministry of finance. Its headquarters is in Hyderabad, Telangana.

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Collateralized Borrowing and Lending Obligation (CBLO) is a money market instrument introduced by the Reserve Bank of India (RBI) to facilitate borrowing and lending among banks and financial institutions. It allows participants to borrow funds against collateral, typically government securities, for short-term needs. CBLO helps enhance liquidity in the money market and is governed by the Clearing Corporation of India Ltd. (CCIL). It is particularly useful for managing liquidity mismatches and is a key tool in the Indian financial system.

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The Middle East and North Africa (MENA) hosts a population of approximately 381 million, corresponding to around 6% of the global population. The region is renowned for its rich reserves of petroleum, thereby making petroleum the primary industry. These reserves have played a significant role in shaping the economic, political, and social spheres of the region. Besides petroleum, the region also has concentrations of other resources such as natural gas and mineral resources.

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The Public Debt Office (PDO) functions as an investment banker to the Government. It manages the issuance and servicing of government securities, ensuring that the government can finance its operations and manage public debt effectively. The PDO plays a crucial role in maintaining the stability of the financial system by facilitating government borrowing and managing the national debt portfolio.

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Business transactions that occur with no exchange of tangible goods called Invisible Trade. It involves the transfer of non-tangible goods and/or service, intellectual property and patents. Examples of invisible trade including consulting, income from foreign investment, shipping services and tourism.

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This question is based upon last year’s Economic Survey documents. It is based on the premise that the growth in tertiary sector cannot thrive if there is no growth in primary and secondary sector. Due to inter-sectoral linkages; revival of growth in services depends on growth revival in commodity producing sectors.

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Hashim Committee gave the criteria for identifying the urban poor or urban BPL families. The committee based its identification criteria on the parameters that were mapped by the Socio-Economic Caste Census (SECC).

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the first bullet train in India has been proposed to run between Mumbai and Ahmedabad. It will be a high-speed rail corridor connecting Mumbai with Ahmedabad, covering a distance of around 508 km. The project is based on the Japanese bullet train technology called Shinkansen. It will have a maximum speed of 320 km/hr and is expected to reduce travel time between the two cities from 8 hours to around 2 hours. The proposed route will have 12 stations across Gujarat and Maharashtra. The bullet train project is being implemented by the National High Speed Rail Corporation Limited (NHSRCL). It is a collaboration between Indian Railways and Japan’s Shinkansen Technology. The estimated project cost is around ₹1.1 lakh crore and is being majorly funded by a soft loan from Japan.