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

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2. Which term refers to high inflation, slow growth, and high unemployment occurring together?
[A] Depression
[B] Stagflation
[C] Recession
[D] Reflation

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3. With which of the following WIPO is related to ?
[A] Investment
[B] Intellectual property
[C] International trade
[D] Indigenous people

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4. India’s first Export Promotion Industrial park was opened in:
[A] Delhi
[B] Nagpur
[C] Jaipur
[D] Bangalore

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5. Who was the first Indian Governor of Reserve Bank of India?
[A] First Indian to establish a Bank in India
[B] First Indian to be chairman of State Bank of India
[C] First Indian to be governor of the Reserve Bank of India (RBI)
[D] Pioneer in Indian Commercial Banking

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6. What is India’s yearly branch limit for foreign banks under WTO and FTAs?
[A] 12 branches per year
[B] 15 branches per year
[C] 12 branches under GATS; 15 under FTAs
[D] 20 branches per year

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7. 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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8. Who decides the interest rates on savings bank accounts in India?
[A] Central Government
[B] Banks themselves
[C] Reserve Bank of India
[D] Individual account holders

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9. Which term is not formally linked with Indian government budgets?
[A] Outcome Budget
[B] Gender Budget
[C] Austerity Budget
[D] Performance Budget

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10. What is the short name of India’s top authority for Indirect Taxes?
[A] CBDT
[B] CBEC
[C] CBIT
[D] CBIC

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