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. Who is the ex-officio Chairperson of the Monetary Policy Committee (MPC)?
[A] The Finance Minister of India
[B] The Deputy Governor of RBI
[C] Secretary, Department of Economic Affairs
[D] Governor of Reserve Bank of India

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2. Which of the following organizations provides Buffer Stock Financing Facility ?
[A] Reserve Bank of India
[B] Asian Development Bank
[C] International Monetary Fund
[D] World Bank

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3. Which RBI action is a qualitative credit control instrument?
[A] RBI increases Reverse Repo rate in quarterly policy review
[B] RBI decreases the CRR rate in quarterly policy review
[C] RBI decreases the Bank rate in quarterly policy review
[D] RBI announces selective credit control in quarterly policy review

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4. Who is the appellate authority after a Banking Ombudsman’s decision?
[A] Governor of RBI
[B] Executive Director of RBI
[C] RBI Local Boards
[D] Chairman of the concerned Bank

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5. Which body recommends Minimum Support Prices to the Government of India?
[A] Ministry of Agriculture and Farmers Welfare
[B] Cabinet Committee on Economic Affairs
[C] State Governments
[D] Commission for Agricultural Costs and Prices (CACP)

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6. In which among the following types comes the Interest Rate Risk?
[A] Credit risk
[B] Market risk
[C] Operational risk
[D] All the above categories

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7. Which organization publishes The Global Enabling Trade Report?
[A] World Bank
[B] World Trade Organization
[C] World Economic Forum
[D] UNCTAD

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8. A Banking Ombudsman will not entertain Credit Card complaints which are more than _______old.
[A] 3 months
[B] 6 months
[C] 9months
[D] 12 months

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9. Which of the following items is characterised by highest income elasticity of demand among others?
[A] Car
[B] Milk
[C] Paddy
[D] Tobacco

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10. What must foreign banks do if they miss priority sector lending targets in India?
[A] Deposit shortfall in RIDF
[B] Deposit shortfall with NABARD
[C] Deposit shortfall with RBI
[D] Deposit shortfall with SIDBI for one year

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