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. In September 1999, which organization established the Poverty Reduction and Growth Facility (PRGF) to make the objectives of poverty reduction and growth more central to lending operations in its poorest member countries?
[A] Asian Development Bank
[B] International Monetary Fund
[C] World Bank
[D] US Federal Bank

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2. Which state led sugarcane production in India in 2023–24?
[A] Uttar Pradesh
[B] Maharashtra
[C] Tamil Nadu
[D] Andhra Pradesh

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3. Which statement about Giffen goods is correct?
[A] They follow the standard law of demand
[B] They are luxury goods with increasing demand
[C] They violate the law of demand with an upward-sloping demand curve
[D] They have many close substitutes

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4. Which is not an inflation control measure by the Government or RBI?
[A] Repo Rate Adjustment
[B] Open Market Operations
[C] Cash Reserve Ratio (CRR)
[D] Financial Inclusion

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5. 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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6. Which currency did Keynes propose for global trade from 1940 to 1942?
[A] The Whuffie system managed by the International Trade Organization
[B] The Unitas managed by the World Monetary Authority
[C] The Bancor managed by the International Clearing Union
[D] The Terra managed by the Global Central Bank

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7. 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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8. 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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9. When a Demand Draft is deposited, what is the bank’s role?
[A] Creditor of the customer
[B] Debtor of the customer
[C] Agent of the customer
[D] Trustee of the customer’s funds

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10. A country has crude birth rate of 44 and a crude death rate of 11. The number of immigrants is more than emigrants. What would be the rate of natural increase of population?
[A] 0.75%
[B] 3.3%
[C] 2.9%
[D] Can not be determined

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