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. What is the purpose of Ways and Means Advances scheme?
[A] to give insurance to the large corporates for their investment in abroad projects
[B] to handle the mismatch between cash flow of the receipts and payments of the State Governments
[C] to promote export oriented projects by giving interest free credit
[D] None of the above

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12. Who among the following is a banking corresponding agent?
[A] An authorized representative of bank who offer banking services in unbanked areas
[B] Any person who offer banking services in unbanked areas
[C] An authorized representative of bank who makes profits for banks
[D] None of the above

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13. Which of the following is called GDP Deflator?
[A] Ratio of nominal to real GNP
[B] Ratio of nominal to real CPI
[C] Ratio of real to nominal GNP
[D] Ratio of nominal to real GDP

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14. Which out of the following is most popular channel of foreign inward remittances to India?
[A] SWIFT
[B] Rupee Drawing Arrangement (RDA)
[C] Direct transfers
[D] Cheques and Drafts

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15. Which of the following is the purchase of bonds and shares of Indian companies by Foreign Institutional investors?
[A] FDI
[B] NRI investment
[C] Portfolio investment
[D] Foreign indirect investment

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16. Which of the following is the cause of inflation?
[A] Increase in money supply
[B] Fall in production
[C] Increase in money supply and fall in production
[D] Decrease in money supply and fall in production

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17. Three communicable diseases prevalent in developing countries caused by unsafe drinking water and bad sanitation are?
[A] acute diarrhoea, cancer and gout
[B] malaria, acute diarrhoea and schistosomiasis
[C] onchocerciasis, leukaemia and arthritis
[D] rheumatism, malaria and AIDS

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18. What restricts the spending of a person in a market?
[A] Marginal Utility
[B] Purchasing power
[C] Demand curve
[D] None of the above

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19. Which Economist is the first Vice-Chairman of NITI Aayog?
[A] Araving Panagariya
[B] Amartya Sen
[C] Rajiv Kumar
[D] Arvind Subramaniyan

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20. Capitalist economic system is the feature of which of these countries?
[A] USA
[B] China
[C] Russia
[D] India

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