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. Who regulates interest rates on savings bank accounts in India?
[A] Not regulated
[B] Regulated by Central Government
[C] Regulated by RBI
[D] Regulated by State Governments

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12. What relationship does the Laffer Curve show between tax rates and tax revenue?
[A] Tax revenue increases continuously as tax rates rise
[B] Tax revenue increases then decreases after an optimal tax rate
[C] Tax revenue decreases continuously as tax rates rise
[D] Tax revenue remains constant at all tax rates

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13. The report of Vijay Kelkar committee is related to which of the following?
[A] Trade Reforms
[B] Centre-State Financial Relations
[C] Disinvestment in Public Sector Enterprises
[D] Tax Reforms

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14. What is India’s current global ranking in cotton production?
[A] First
[B] Second
[C] Third
[D] Fourth

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15. Which was the largest part of non-plan expenditure in 1991-92? (UPSC Prelims 1992)
[A] Subsidies on fertilizer
[B] Compensation to banks for loan waiving
[C] Interest payment
[D] Compensation for PSU losses

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16. Which of the below is a correct statement regarding inferior goods?
[A] Demand of a good decreases with increases in peoples income
[B] Demand of a good increases with increases in peoples income
[C] Demand of a good decreases with decrease in peoples income
[D] Demand of a good increase with decrease in peoples income

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17. Who is the founder of the Indian Statistical Institute in Kolkata?
[A] C.R.Rao
[B] P.C.Mehalonibis
[C] Yoginder K ALagah
[D] Amartya Sen

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18. Which of the following statements is true regarding a mixed economy?
[A] Private property is not encouraged
[B] Monopoly doesn’t exist in market
[C] The government play a role in the production and distribution of resources
[D] Consumers choice is limited

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19. Which of the following is / are correct statements regarding the organized sector?

  1. They are controlled by the government
  2. The employment terms are fixed
  3. It provides Low wages
  4. The sector is registered with the government.

Choose the correct option from the choices given below:

[A] 1 and 2 only
[B] 2 and 3 only
[C] 1 and 4 only
[D] All of the above

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20. Which of the following are part of the Quaternary sector?
 
[A] Banking
[B] Agriculture
[C] Restaurant
[D] Information technology

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