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. The terms such as ‘placement, layering, integration of funds’ are related to which among the following?
[A] Fiscal Management
[B] Financial Stability
[C] Money Laundering
[D] Capital Market Trading

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2. Which among the following is an anti-inflationary measure?
[A] Stagflation
[B] Hyper inflation
[C] Disinflation
[D] Deflation

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3. Which among the following is correct about Giffin Goods?
[A] They obey laws of demand
[B] They don’t obey laws of demand
[C] They follow elasticity of demand
[D] The demand supply curve of Giffin Goods is a parabola

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4. Which of the following institution releases “World Economic Outlook Report”?
[A] World Bank
[B] Federal Reserve Bank
[C] International Monetary Fund
[D] International Finance Corporation

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5. Who among the following will be benefited by Deflation?
[A] Salary Earners
[B] pensioners
[C] Equity Holders
[D] Debtors

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6. In context with the Credit Card Business in India, a Hot card refers to ______?
[A] Low Interest Credit Card
[B] Unsolicited Credit Card
[C] Lost Credit Card
[D] Highly Promoted Credit Card

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7. Consider the following:

  1. Allotting of the shares of net proceeds of taxes
  2. Laying down principles governing grants in aid
  3. Looking into the financial relations between the central government and the state Governments

The above mentioned functions are carried out by which among the following?

[A] Cabinet Committee on Economic Affairs
[B] National Development Council
[C] Finance Commission
[D] NITI Aayog

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8. How many banks are promoting the National Payments Corporation of India (NPCI)?
[A] 6
[B] 8
[C] 10
[D] 12

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9. From which of the following financial years, Seed Crop Insurance began in India?
[A] 1999-2000
[B] 2000-2001
[C] 2001-2002
[D] 2002-2003

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10. Originally proposed by James Tobin, the Tobin tax was intended to be applied on which type of transactions?
[A] Real Estate Transactions
[B] Foreign Exchange Transactions
[C] Industrial Transactions
[D] All of the Above

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