Indian Economy MCQs

Indian Economy Multiple Choice Questions (MCQs) for SSC, State and all One Day Examinations of India. Objective Questions on Indian Economy for competitive examinations.

1. Which among the following organizations calculates and publishes LIBOR (London Interbank Offered Rate)?
[A] Bank of England
[B] Thomson Reuters
[C] European Banking Federation
[D] European Central Bank

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2. Which among the following is a correct definition of Dollarization?
[A] when the inhabitants of a country use US dollars in parallel to or instead of the domestic currency
[B] when the inhabitants of a country use only US Dollars instead of a domestic currency
[C] when the inhabitants of a country use foreign currency in parallel to or instead of the domestic currency
[D] None of the above

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3. National Rural Credit Stabilization Fund is a Institution of purpose-specific funds in which of the following?
[A] IDBI
[B] SIDBI
[C] IFCI
[D] NABARD

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4. Approximately, what fraction of market capitalization of the Bombay Stock Exchange is accounted by the 30 stocks of the BSE SENSEX?
[A] 10%
[B] 20%
[C] 30%
[D] 40%

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5. In Financial Language, Fixed to Floating and Floating to Floating are used in context with which among the following?
[A] Interest rates
[B] Swaps
[C] Foreign Exchange Rates
[D] None of them

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6. Which among the following was the main objective of the Fiscal Responsibility and Budget Management Act, 2003?
[A] Achieve Fiscal Surplus
[B] Eliminate Revenue deficit
[C] Eliminate Fiscal Deficit
[D] Stop Money Laundering

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7. Which among the following Indian states is the leading producer of raw silk?
[A] Bihar
[B] West Bengal
[C] Assam
[D] Karnataka

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8. Which of the following organizations has divided the countries into IDA, IBRD, and Blend countries for eligibility of loans?
[A] International Monetary Fund
[B] World Bank
[C] Asian Development Bank
[D] New Development Bank

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9. Travel and Tourism Competitive Index (TTCI) is published by:
[A] World Economic Forum
[B] World Tourism Organization
[C] World Travel & Tourism Council
[D] Amnesty International

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10. Which state in India is the largest producer of salt?
[A] Kerala
[B] Andhra Pradesh
[C] Gujarat
[D] Maharashtra

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