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. 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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12. What does Revenue Neutral Rate (RNR) mean?
[A] A policy where revenue receipts equal revenue expenditures
[B] A tax rate to ensure income tax equity
[C] A property tax rate generating same revenue as previous year
[D] A tax policy increasing revenue without hearings

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13. Consider the following statements regarding the proposed Wholesale & Long-Term Finance Banks (WLTF):

  1. They cannot accept saving deposits.
  2. They will raise funds by issuing rupee denominated bonds, locally as well as abroad.
  3. They are required to maintain 40 percent of their branches in rural areas.

Which of the above statements is / are correct?

[A] Only 2 and 3
[B] Only 1 and 3
[C] Only 1 and 2
[D] 1, 2 and 3

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14. Micro credit or micro finance is a novel approach to bank with the poor. In this approach bank credit is extended to the poor through which of the follwing?
[A] Self Help Groups
[B] Anganwadees
[C] Co-operative Credit Societies
[D] RBI

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15. 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

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16. Which of the following clearly define Stagflation? (UPSC Prelims 1984)
[A] Constant rate of inflation
[B] Low inflation with high recession
[C] High inflation with low recession
[D] Stagnation and inflation

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17. Which tax contributes most to India’s central revenue in Budget 2026 estimates? (UPSC Prelims 1991)
[A] Goods and Services Tax (GST)
[B] Income Tax
[C] Customs Duty
[D] Corporate Tax

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18. How much FDI is permitted in e-commerce in India?
[A] 75% in marketplace; 0% in inventory-based
[B] 100% in B2B and marketplace; 0% inventory-based
[C] 100% in all e-commerce models
[D] 51% in marketplace; 100% in B2B

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19. In which year the Synthetic and Rayon Textiles Export Promotion Council (SRTEPC) was established?
[A] 1960
[B] 1954
[C] 1965
[D] 1949

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20. In which year was the Essential Commodities Act enacted?
[A] 1960
[B] 1955
[C] 1950
[D] None of the above

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