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. A persistent fall in the general price level of goods and services is known as __:
[A] Deflation
[B] Disinflation
[C] Stagflation
[D] Depression

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2. Who among the following scholars is associated with Law of Rent?
[A] Richard Jones
[B] Thomas Robert Malthus
[C] David Ricardo
[D] Adam Smith

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3. Which among the following is a term for which alternate word “Buyer’s Monopoly” is used? 
[A] Oligopoly
[B] Inverse monopoly
[C] Monopsony
[D] Duopoly

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4. Which Indian state is the top producer of large cardamom?
[A] Kerala
[B] Sikkim
[C] Assam
[D] Gujarat

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5. Countervailing duty is imposed on which of the following?
[A] imported goods
[B] exported goods
[C] imported good on which import subsidy is applicable
[D] exported goods on which export subsidy is applicable

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6. Which tactic artificially inflates trading volumes to deceive retail investors in India?
[A] Dividend Stripping
[B] Intra-Day Trading
[C] Forward Trading
[D] Circular Trading

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7. Which among the following measures for controlling inflation can be taken by the Reserve Bank of India but not by the Government of India?
[A] Implementing progressive taxation policies
[B] Adjusting public sector expenditure budgets
[C] Credit rationing to limit money supply
[D] Regulating foreign direct investment flows

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8. In which of the following the term “cap and trade” is used?
[A] Share Broking
[B] Mutual Fund Investments
[C] Emission Trading
[D] Commodity Futures

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9. What is the main purpose of margin requirements in securities trading?
[A] To fulfill central bank regulatory mandates
[B] To comply with Basel III standards
[C] To protect lenders by requiring sufficient borrower equity
[D] To increase brokerage firm profits

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10. Consider the following: 

  1. Minor Irrigation Scheme: CCA less than 2000 Hectares 
  2. Medium Irrigation Scheme : CCA more than 2000 Hectares but less than 10000 Hectares 
  3. Major Irrigation Scheme : CCA more than 10000 Hectares 

Which among the above statements is / are correct?

[A] Only 1 and 2 are correct
[B] Only 2 and 3 are correct
[C] all are correct
[D] all are incorrect

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