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. First state in India to launch a policy to establish Special Agriculture Zones (SAZs):
[A] Uttar Pradesh
[B] Gujarat
[C] Haryana
[D] Uttarakhand

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2. RBI conducts open market operations mainly in which market?
[A] Primary market only
[B] Secondary market only
[C] Both primary and secondary markets
[D] Gilt-edged market

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3. Which RBI action best curbs excess banking system liquidity?
[A] Increases the Cash Reserve Ratio (CRR)
[B] Decreases the repo rate
[C] Purchases government securities through Open Market Operations
[D] Reduces the Statutory Liquidity Ratio (SLR)

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4. Which bank coordinates the selling of State Development Loans (SDLs) in India?
[A] SBI
[B] IDBI
[C] Scheduled Commercial Banks
[D] RBI

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5. Which among the following coal producer of India is outside the Coal India Ltd?
[A] Southern Eastern Coalfields (Bilaspur)
[B] Bharat Coking Coal (Dhanbad)
[C] Mahanandi Coalfields (Sambalpur)
[D] Singerani Collieries Company (Telangana)

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6. Which agency releases the Index of Industrial Production in India?
[A] Central Statistical Office
[B] National Statistics Office
[C] Ministry of Commerce and Industry
[D] Competition Commission of India

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7. If a company has “Trade Receivables”, this implies that __:
[A] It has made a sale but yet to collect payments
[B] It has received payments but yet to make a delivery
[C] It has received an order but yet to make delivery
[D] None of the above is a correct definition

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8. Which statement about indirect taxes in India is correct?
[A] They decrease as value of goods increases
[B] They are not part of Consolidated Fund of India
[C] They apply same tax rate to all income groups
[D] Most governments avoid indirect taxes

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9. What is India’s current global ranking in cotton production?
[A] First
[B] Second
[C] Third
[D] Fourth

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10. Which is India’s first shore-based integrated steel plant?
[A] Durgapur Steel Plant
[B] Salem Steel Plant
[C] Bhadravati Steel Plant
[D] Visakhapatnam Steel Plant

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