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 of the following sectors is regulated by IRDA ?
[A] Insurance
[B] Industry
[C] Finance
[D] Investment

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2. What is the primary motive driving the countries to involuntarily depreciate their currencies?
[A] To maintain dominance in export markets
[B] To bolster capital inflows
[C] To curb inflation
[D] All of the above

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3. Which statement best describes the term “Transfer Pricing” that India is contending with?
[A] It is a tax evasion method involving illicit capital flows out of the country
[B] It is a factor causing the continuous rise in food prices in India
[C] It is a recent phenomenon resulting in the bad loans of Indian banks
[D] It is a global phenomenon causing the devaluation of the Indian currency against reserve currencies

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4. Which of the following organizations publishes the list of Global Systemically Important Banks (G-SIBs)?
[A] World Bank
[B] International Monetary Fund
[C] European Investment Bank
[D] Financial Stability Board (FSB) in consultation with Basel Committee on Banking Supervision (BCBS)

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5. The terms IBAN, BBAN, SEPA and SWIFT are associated with:
[A] International Banking
[B] Disaster Management
[C] Nuclear Waste Management
[D] International Maritime Boundaries

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6. What is the primary aim of enacting the SARFAESI Act?
[A] Recovering Loans
[B] Increasing Deposits
[C] Transparent appointment of Directors
[D] Reducing Corruptions and Scams

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7. Which of the following is an economic system combining private and state enterprise?
[A] Private economy
[B] Market economy
[C] Mixed economy
[D] Centrally planned economy

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8. Courier service comes under which of the following sectors?
[A] Primary
[B] Secondary
[C] Both Secondary and Tertiary
[D] Tertiary

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9. In capital markets, which of the following are the major suppliers of trading instruments?
[A] liquid corporations
[B] instrumental corporations
[C] manufacturing corporations
[D] government and corporations

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10. Who among the following regulates the NBFCs in India?
[A] Reserve Bank of India
[B] SEBI
[C] Government of India
[D] None of the above

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