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. Tea, Coffee, Spices, Coconut, Rubber, Cardamom, Tobacco all together can be kept in which of the following group or groups?
[A] Food Crop
[B] Cash Crops
[C] Food & Cash Crops
[D] Plantation Crops

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2. Which among the following body in India requires to protect the interests of consumers against anti-competitive practices of all market entities?
[A] National Consumer Forum
[B] Competition Commission of India
[C] National Consumer Disputes Redressal Commission
[D] Central Vigilance Commission

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3. Economic Planning comes under which of the following lists ?
[A] Union List
[B] Concurrent list
[C] State List
[D] None of them

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4. The most active segment of the Money Market in India is which one of the following?
[A] Call Money / Notice Money Market
[B] Repo / Reverse Repo
[C] Commercial Paper (CP)
[D] Certificate of Deposit (CD)

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5. Which of the following is / are correct statements regarding Narrow Banking? 

  1. In Narrow Banking, Banks just accept deposits and provide loans. 
  2. In Narrow Banking, there is rarely Asset Liability Mismatch.

Select the correct option from the codes given below:

[A] Only 1 is correct
[B] Only 2 is correct
[C] Both 1 & 2 are correct
[D] Neither 1 nor 2 is correct

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6. Which among the following authority appoints a Deputy Governor in Reserve Bank of India?
[A] Governor of RBI
[B] Central Board of Directors
[C] Central Government
[D] Committee of the Central Board

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7. A Public Debt Office works as investment banker to the _____?
[A] Public
[B] Commercial Banks
[C] RBI
[D] Government

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8. Which among the following is the core method of stabilizing the markets under the Market Stabilisation Scheme (MSS) ?
[A] Issuing Treasury Bills and/ or dated securities
[B] Purchasing Treasury Bills and/ or dated securities
[C] Conducting Open Market Operations
[D] All the above

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9. The government of India provides food subsidy by __:
[A] Fixing Central Issue prices
[B] Selling grains via PDS mechanism
[C] Funding FCI in purchase of foodgrains
[D] All of above

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10. The core work of MUDRA (SIDBI) Bank is to:
[A] act as a direct financing channel to MSMEs
[B] undertake refinance operations
[C] help increase high capital intensive start ups in India
[D] facilitate increase in FDI into the Indian MSMEs

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