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. These questions are part of GKToday’s 35000+ MCQs Bank Course in GKToday Android App
31. Which country holds the record for maximum downloads from the Google Play store in the world?
[A] India
[B] China
[C] USA
[D] Russia
Show Answer
Correct Answer: A [India]
Notes:
India holds the record for maximum downloads from the Google Play store in the world. India has the 2nd largest telephone users and the smartphone has penetrated into the Indian market.
32. When does an expansionary monetary policy used?
[A] When there is more money in the economy
[B] When the money is not available for agriculture
[C] When there is recession in the economy
[D] When there is inflation
Show Answer
Correct Answer: C [When there is recession in the economy]
Notes:
An expansionary monetary policy increases the money in the economy. It is used by the RBI when there is a recession in the economy and there is a need to increase the supply of money in the economy. It is used against unemployment.
33. What is Bank Rate?
[A] Rate at which RBI lends to people
[B] Rate at which bank lends to people
[C] Rate at which RBI lends to banks
[D] Rate at which RBI lends to Financial Institutions
Show Answer
Correct Answer: C [Rate at which RBI lends to banks]
Notes:
Bank Rate is the rate at which RBI lends to commercial banks. It is tool to manage money supply in the market. Currently it is not in use.
34. Which Indian state has the highest solar power generation capacity?
[A] Telangana
[B] Rajasthan
[C] TamilNadu
[D] Karnataka
Show Answer
Correct Answer: B [Rajasthan]
Notes:
As of June 30, 2023, Rajasthan has the highest installed solar power capacity in India at 17.83 GW. Rajasthan’s solar power projects produced about 17.8 GW of solar energy as of August 2023. Rajasthan’s solar capacity is over 60% of its total installed capacity of 39 GW. The state is also among the top five states in India for installed wind generation capacity.
35. What is the rank of India in terms of overall energy consumption in the world?
[A] 6
[B] 5
[C] 3
[D] 4
Show Answer
Correct Answer: C [3]
Notes:
India Ranks 3rd in terms of overall energy consumption in the world. The top two consumers are USA and China respectively.
36. What is the full form of SEBI?
[A] Security Emerging Board of India
[B] Security Exchange Board of India
[C] Security Exchange Bank of India
[D] Security Exit Bank of India
Show Answer
Correct Answer: B [Security Exchange Board of India]
Notes:
SEBI-Security Exchange Board of India was established in 1988. It became a statutory body in 1992. Its headquarters is located in Mumbai.
37. Which country has the largest Anthracite reserves in the world?
[A] USA
[B] Australia
[C] Canada
[D] India
Show Answer
Correct Answer: A [USA]
Notes:
The United States of America is the top country by reserves of anthracite and bituminous coal in the world. The USA has about 219,534 million tons of Anthracite and Bituminous that account for 29.75% of the world’s reserves of anthracite and bituminous coal.
38. Which of the following item can be obtained from coal tar?
[A] Petrol
[B] Naphthalene balls
[C] Coke
[D] None
Show Answer
Correct Answer: B [Naphthalene balls]
Notes:
Naphthalene Balls are solid white balls that are composed of crude oil, coal tar, and other chemicals; are used as a preservative to protect clothes from rodents.
39. Which among the following country is not a part of TAPI pipeline?
[A] Pakistan
[B] India
[C] Afganistan
[D] Tajikistan
Show Answer
Correct Answer: D [Tajikistan]
Notes:
TAPI stands for Turkmenistan-Afganisthan-Pakistan-India. MoU was signed in 1995 and the agreement was signed in 2008.
40. In which state Nathpa Hydroelectric power plant is located?
[A] Himachal Pradesh
[B] Uttarakhand
[C] Ladakh
[D] Arunachal Pradesh
Show Answer
Correct Answer: A [Himachal Pradesh]
Notes:
Nathpa Jhakri Hydroelectric Power Plant is the biggest underground hydroelectric power project in the country. It is located in Himachal Pradesh.
