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 bodies estimates the national income of India?
[A] Office of the Economic Advisor
[B] Ministry of Statistics
[C] Central Statistical Office
[D] Ministry of Finance

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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. A mutual fund that invests in other mutual funds belonging to the same fund house or belonging to other fund houses is called ?
[A] FOF Fund of Funds
[B] Pool
[C] Portfolio
[D] None of the above

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4. Which of the following is not a measure to control inflation adopted by the Government or RBI? 
[A] Monetary Policy
[B] Fiscal Policy
[C] Financial Inclusion
[D] Price Control

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5. National Social Assistance programme was initially rolled out in which of the following five year plans?
[A] Fifth Five Year Plan
[B] Sixth Five Year Plan
[C] Seventh Five Year Plan
[D] Eighth Five Year Plan

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6. Which among the following finds highest weight age in the Index of Industrial Production?
[A] Electricity
[B] Steel Industry
[C] Refinery Products
[D] Coal

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7. 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)

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8. Which among the following is the short name of highest authority in India for Indirect Taxes?
[A] CBED
[B] CBDT
[C] CBEC
[D] CBIT

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9. National Small Savings Fund is a part of which among the following?
[A] Consolidated Fund of India
[B] Public Account of India
[C] Contingency Fund of India
[D] Prime Minister’s Relief Fund

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10. The green shoe option is a clause in the underwriting agreement of an IPO, which allows to ___?
[A] Sell additional shares
[B] Record Investor demands
[C] Purchase the shares back from Investors
[D] None of them

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