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. These questions are part of GKToday’s 35000+ MCQs Bank Course in GKToday Android App

1. Which among the following is a suitable term for the state of economy in which economic activity is slowing down but wages and prices continue to rise ?
[A] Inflation
[B] Deflation
[C] Skweflation
[D] Stagflation

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2. Highest percentage of nitrogen is found in which among the following fertilizers among the given options?
[A] Calcium ammonium nitrate
[B] Ammonium nitrate
[C] Calcium nitrate
[D] Urea

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3. The Unclaimed deposits are those deposits which haven’t been operated for ______?
[A] 5 years or more
[B] 7 years or more
[C] 10 years or more
[D] 12 years or more

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4. Approximately what fraction of the world’s oil exports is pumped by the 12-member Organization of the Petroleum Exporting Countries OPEC?
[A] 25%
[B] 45%
[C] 50%
[D] 75%

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5. 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

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6. Which among the following phrases generally denotes National Income?
[A] Gross National Product at Market Prices
[B] Net National Product at Market Prices
[C] Gross National Product at Factor Cost
[D] Net National Product at Factor Cost

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7. 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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8. Which among the following curve defines the principle that zero tax rate would produce zero revenue for the government and a 100% tax rate would also generate zero revenue for the taxing Government?
[A] Laffer curve
[B] Lorenz curve
[C] Engel curve
[D] Kuznets curve

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9. Who among the following works as head of the “Board for Financial Supervision” in India?
[A] Finance Minister
[B] RBI Governor
[C] Minister of State for Finance
[D] Independent head appointed by President

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10. Which among the following economic activities would contribute in increasing the deficit in current account?
1. Outsourcing of Goods
2. Outsourcing of services
3. Increase in domestic tourism
4. Increase in foreign tourist arrival
Select the correct option from the codes given below:
[A] Only 1
[B] Only 1 & 2
[C] Only 1, 2 & 3
[D] Only 1, 2 & 4

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