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.
11. Which of the following is India’s first payments bank?
[A] Jio Payments Bank Ltd
[B] Paytm Payments Bank
[C] India Post Payments Bank
[D] Airtel Payments Bank
Show Answer
Correct Answer: D [ Airtel Payments Bank ]
Notes:
Fourth option is the correct answer. Airtel Payments Bank is India’s first payments bank.
12. Which of the following statements is correct about the Countervailing duty?
[A] It is the tariff levied on imported goods to offset subsidies offered by the exporting country to its producers
[B] It is the tariff imposed on exported goods to reduce exports and increase the domestic supply
[C] It is the tax levied on revenues received by a corporation, even if it does not make any profit
[D] It is the tax levied on purchase or sale of various financial products like stocks, derivatives, mutual funds etc
Show Answer
Correct Answer: A [ It is the tariff levied on imported goods to offset subsidies offered by the exporting country to its producers ]
Notes:
First option is the correct answer
Countervailing duty is a tariff imposed on imported goods to offset the subsidies offered by the exporting country to its producers. It is imposed to provide level playing field to domestic producers and foreign producers.
13. Which is the most important raw material for generation of power in India?
[A] Coal
[B] Silicon
[C] Aluminum
[D] Ironstone
Show Answer
Correct Answer: A [Coal]
Notes:
In India, major proportion of power is generated from thermal sources where the main raw material used is coal. Around 83% of thermal power is generated using coal as a raw material, whereas 16% of thermal power is generated with the help of Gas and 1% of thermal power is generated with the help of Oil.
14. Which of the following industries is the major beneficiary of the Mumbai port ?
[A] Sugar and Cotton textile industry
[B] Cotton textile and Petrochemical industry
[C] Iron and Steel industry
[D] Engineering and Fertilizer industry
Show Answer
Correct Answer: B [Cotton textile and Petrochemical industry]
Notes:
Mumbai port has excellent harbor facilities for importing long staple cotton and machinery to meet the requirements of the petrochemical and cotton textile industries. Mumbai Port Trust is a port which lies midway on the West coast of India, on the natural deep water harbour of Mumbai in Maharashtra.
15. Financial inclusion means which of the following?
[A] retail banking
[B] bringing all poor people under banking net
[C] financial statements
[D] wholesale banking
Show Answer
Correct Answer: B [bringing all poor people under banking net]
Notes:
Financial inclusion aims to bring in digital financial solutions for the economically underprivileged people of the nation. It also intends to bring in mobile banking or financial services in order to reach the poorest people living in extremely remote areas of the country.
16. Infrastructure debt funds are sponsored by which of the following?
[A] SEBI
[B] NBFCs
[C] Cooperative society
[D] SBI
Show Answer
Correct Answer: B [NBFCs]
Notes:
Infrastructure debt funds are sponsored by commercial banks and NBFCs in India in which domestic/offshore institutional investors, specially insurance and pension funds can invest through units and bonds issued by the IDFs.
17. Which of the following problems is needed to be resolved under issue management?
[A] Problems with staff
[B] Technical failures
[C] Material shortages
[D] All of the above
Show Answer
Correct Answer: D [All of the above]
Notes:
Issue management is the process of identifying and resolving issues. Problems with staff or suppliers, technical failures, material shortages – these might all have a negative impact on your project
18. Which of the following is the management of securities of the corporate sector offered to the public on a regular basis?
[A] Corporate Issues Management
[B] Public Issues Management
[C] Securities Issues Management
[D] Private Issues Management
Show Answer
Correct Answer: B [Public Issues Management]
Notes:
Public Issue Management is the management of securities of the corporate sector offered to the public on a regular basis, and existing shareholders on a rights basis, is known as public issue management.
19. Which of the following is the highest milk producing breed of goat in India?
[A] Barbari
[B] Jamnapari
[C] Black Bengal
[D] Beetal
Show Answer
Correct Answer: B [Jamnapari]
Notes:
Jamnapari is the most popular breed for commercial goat farming in India. It is also the highest milk producing breed of goat in India It is mostly found in Uttar Pradesh.
20. Addu Tourism Zone is being developed by India and which country?
[A] Mauritius
[B] Maldives
[C] Myanmar
[D] Thailand
Show Answer
Correct Answer: B [Maldives ]
Notes:
The Addu Atoll is located in the Arabian Sea. The Laccadive Sea is located to its east. The atoll has a lagoon which gives access via 4 natural channels. The atoll is well protected from high waves and storms by its barrier reefs. The Addu Atoll is also known as the Seenu Atoll. It is under the administration of Maldives Government. The atolls natural islands are Hulhudhoo, Meedhoo, Maradhoo, Feydhoo, and Hithadhoo which are uninhabited. The tourism zone will cover these islands and will be established at the cost of 2.49 billion USD.
