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

Show Answer

2. Which among the following is First Indian Special Economic Zone(SEZ)? 
[A] Visakhapatnam SEZ
[B] Kandla SEZ
[C] Noida Special Economic Zone
[D] Cochin SEZ

Show Answer

3. Which of the following financial market tactics in India is purposely designed to deceive naive investors by generating enormous counterfeit volumes?
[A] Dividend Stripping
[B] Intra-Day Trading
[C] Forward Trading
[D] Circular Trading

Show Answer

4. Wage Spiral is a concept related to which of the following?
[A] Demand Pull Inflation
[B] Cost Push Inflation
[C] Deflation
[D] Disinflation

Show Answer

5. Who among the following famous author was an Investment Banker prior to turning become to columnist, and speaker?
[A] Arvind Adiga
[B] Chetan Bhagat
[C] Jhumpa Lahiri
[D] Kiran Desai

Show Answer

6. A Non-Resident Indian wants to get approval under Government Route for FDI in ‘Single Brand’ product retailing in India. Which among the following would be the appropriate agency to approach for this application?
[A] Regional Office of Reserve Bank of India
[B] Head Office of Reserve Bank of India
[C] Department of Economic Affairs (Ministry of Finance)
[D] Department of Industrial Policy and Promotion (Ministry of Commerce)

Show Answer

7. Which one of the following is NOT a sign of economic development?
[A] Changing structure of GDP in favour of industry
[B] Larger share of GDP coming from primary sector
[C] Larger capital inflows
[D] Institutional changes in an economy.

Show Answer

8. KYC guidelines have been issued under which section of Banking Regulation ACT 1949?
[A] Section 35 A
[B] Section 45
[C] SECTION 36 A
[D] Section 123 B

Show Answer

9. Micro or Small Enterprise (as defined in the MSMED Act 2006) may be said to have become Sick, if?
[A] Any of the borrowal account of the enterprise remains NPA for ten months or more
[B] Any of the borrowal account of the enterprise remains NPA for eight months or more
[C] Any of the borrowal account of the enterprise remains NPA for five months or more
[D] Any of the borrowal account of the enterprise remains NPA for three months or more

Show Answer

10. In a centrally planned economy, who among the following plans all the important activities in the economy?
[A] Industrialists
[B] Citizens
[C] Judiciary
[D] Government

Show Answer