Quiz  /  Indian Economy MCQ Quiz Questions and Answers

  • 1. 
    Which among the following Banks in India was the first to take a major step of reorganizing based upon market segmentation?

  • ICICI Bank
  • State Bank of India
  • Punjab National Bank
  • Bank of Baroda

  • 2. 
    In context with the flow of the rural credit , which among the following comes at the last ?

  • Primary Agricultural Cooperative Societies
  • District Central Cooperative Banks
  • State Agricultural Co-op Banks
  • NABARD

  • 3. 
    In context with the financial markets , an agreement to exchange floating rate payments for fixed rate payments (or vice-versa) at regular intervals over pre-specified period on a certain principal amount is known as ____?

  • Currency Swap
  • Interest Rate swap
  • Rolling Settlement
  • Arbitration

  • 4. 
    In which year Physical coins and banknotes were introduced for the first time in Euro?

  • 1995
  • 2000
  • 2002
  • 2005

  • 5. 
    Who among the following was the chairman of RBI Working Group on Benchmark Prime lending Rate on the basis of which Base rate System is slated to switch over by the banks?

  • Subir Gokarn
  • Ashok Chawla
  • Deepak Mohanty
  • Prof. U. R. Rao

  • 6. 
    Up to what fraction of direct foreign investment facility was allowed in the New Industrial Policy 1991?

  • 26%
  • 49%
  • 51%
  • 60%

  • 7. 
    In which among the following types comes the 

  • Credit risk
  • Market risk
  • Operational risk
  • All the above categories

  • 8. 
    What is the full form of LIBOR (The interest rate at which banks offer to lend funds in the interbank market)

  • Liverpool Inter Bank Offered Rate.
  • London Inter Bank Offered Rate.
  • Las Vegas Inter Bank Offered Rate.
  • Los Angeles Inter Bank Offered Rate.

  • 9. 
    Which among the following is the core method of stabilizing the markets under the Market Stabilisation Scheme (MSS) ?

  • Issuing Treasury Bills and/ or dated securities
  • Purchasing Treasury Bills and/ or dated securities
  • Conducting Open Market Operations
  • All the above

  • 10. 
    With reference to the currency stock of India, which of the following include the Narrow Money?

  • Only 1
  • Only 1 & 2
  • 1, 2 & 3
  • Only 1 & 3

  • 11. 
    With reference to various types of Banking, what is “Mixed Banking”?

  • when banks undertake the activities of commercial and investment banking together
  • when banks undertake the activities of wholesale and retail banking together
  • when banks undertake the activities of offline and online banking together
  • when banks undertake the activities of commercial and cooperative banking together

  • 12. 
    Kudremukh iron ore is exported from which of the following cities?

  • Mangalore
  • Cochin
  • Chennai
  • Bhubaneshwar

  • 13. 
    Whats is the office sector demand with commercial leasing activity in the major cities of India in 2019?

  • 70.2 msf
  • 69.4 msf
  • 60.3 msf
  • None of the above

  • 14. 
    When was the Builders Association of India founded?

  • 1941
  • 1954
  • 1946
  • 1939

  • 15. 
    What is the contribution of Paper Industry to Indian exchequer?

  • Rs 5000 crores
  • Rs 7000 crores
  • Rs 8000 crores
  • Rs 2000 crores

  • 16. 
    How many candidates have completed training under Pradhan Mantri Gramin Digital Saksharta Abhiyan (PMGDISHA) till now?

  • 1 crore
  • 2 crores
  • 4 crores
  • 1.5 crores

  • 17. 
    What is target expenditure on Education under National Education policy 2020?

  • 4% of GDP
  • 6% of GDP
  • 1.5% of GDP
  • 3% of GDP

  • 18. 
    What is the domestic revenue generated by IT-BPM industry in 2019-20?

  • US $ 50 billion
  • US $ 40 billion
  • US $ 44 billion
  • US $ 60 billion

  • 19. 
    When was the National telecom policy announced in India?

  • 2017
  • 2918
  • 2019
  • 2016

  • 20. 
    In what multiples are the T-Bills issued in India by RBI?

  • 10000
  • 5000
  • 25000
  • 1000

  • 21. 
    Which of the following industries is considered as “Mother of all industries”?

  • Textile industry
  • Coal industry
  • Iron and steel industry
  • Jute industry

  • 22. 
    Who is the author “The Theory of Economic Growth”?

  • Gary Becker
  • Mark Skousen
  • Israel Kirzner
  • W Arthur Lewis

  • 23. 
    Who wrote “The Economics of imperfect Competition”?

  • E.H.Chamberlin
  • John Robinson
  • J.R.Hicks
  • Dean Baker

  • 24. 
    Which among the following countries have traditional economic system?

  • India
  • USA
  • Germany
  • None of the above

  • 25. 
    Which of the following is not part of the core industry?

  • 1, 3 and 4 only
  • 4 and 5 only
  • 1 and 3 only
  • 1 and 2 only

  • 26. 
    Which among the following fruit doesn’t have a GI tag?

  • Nagpur Oranges
  • Nanjanagud Banana
  • Vazhakulam Pineapple
  • Andhra Rasala

  • 27. 
    Who among the following regulates the Collective investment scheme(CIS)?

  • RBI
  • SEBI
  • Bank Board Bureau
  • None

  • 28. 
    Which is the oldest stock exchange of Asia?

  • Bombay stock exchange
  • Singapore stock Exchange
  • Shangai Stock Exchange
  • Tokyo Stock Exchange

  • 29. 
    Which is the largest bamboo producing country in the world?

  • China
  • India
  • Japan
  • Vietnam

  • 30. 
    What is Miyawaki method?

  • Method to conserve forests
  • Method of Sustainable deforestation
  • Method of urban afforestation
  • Method of core area development in forest

  • 31. 
    Which among the following is a nominal anchor for the inflation targeting?

  • General inflation
  • Core inflation
  • CPI inflation
  • None of the above

  • 32. 
    How many stock exchanges are there in India?

  • 2
  • 4
  • 5
  • 7

  • 33. 
    What is the maximum takeout limit of an Infrastructure Debt Fund if it is registered as a NBFC?

  • 50% of the project cost
  • 75% of the project cost
  • 65% of the project cost
  • 85% of the project cost

  • 34. 
    The National Highways Development Project was launched in which year ?

  • 1999
  • 1998
  • 2000
  • 1997

  • 35. 
    Indian Airlines merged with Air India in which year?

  • 2011
  • 2012
  • 2009
  • 2010

  • 36. 
    The National Assessment and Accreditation Council is funded by which organization?

  • University Grants Commission
  • All India Council for Technical Education
  • The National Council of Educational Research and Training
  • Association of Indian Universities

  • 37. 
    Which of the following measure is taken by RBI to infuse liquidity in the economy:

  • 1 and 4
  • 1,2 and 4
  • 1 and 3
  • 3 and 4

  • 38. 
    Which among the following committee recommended for the separation of railway budget from the general budget?

  • McMarthy Committee
  • Acworth Committee
  • Mcmohan Committee
  • Morley Minto Committee

  • 39. 
    In which year Setu Bharatam was launched?

  • 2018
  • 2017
  • 2016
  • 2919

  • 40. 
    Which among the following SEZ is planned under Project Sagarmala?

  • Varanasi SEZ
  • Kalinga SEZ
  • Delhi SEZ
  • Patna SEZ

  • 41. 
    Which is the largest tobacco-producing state in India?

  • Tamil Nadu
  • Karnataka
  • Andhra Pradesh
  • Madhya Pradesh

  • 42. 
    What is the value total export of woolen products from India?

  • US $222.5 million
  • US $422.5 million
  • US $352.5 million
  • None of the above

  • 43. 
    Which agency certifies agricultural products to ensure their quality?

  • AGMARK
  • ISI
  • BSI
  • ISO

  • 44. 
    Who launched the program Lab to Land program?

  • ICAR
  • ICMR
  • NABARD
  • CACP

  • 45. 
    Who administers the Industries (Development and Regulation) Act 1951?

  • DGCA
  • DIPP
  • DAC
  • None of the above

  • 46. 
    How many Industrial Training Institutes (ITI) are there in India?

  • 14602
  • 15682
  • 13872
  • 12653

  • 47. 
    What is the chemical industry contribution to manufacturing output?

  • 11.3%
  • 20.5%
  • 17.6%
  • 13.4%

  • 48. 
    Which among the chemicals types is the most produced in India?

  • Alkaline chemicals
  • Acidic chemical
  • Neutral chemicals
  • None

  • 49. 
    What is the market value of Retail Industry of India?

  • US $ 950 billion
  • US $ 850 billion
  • US $ 700 billion
  • US $ 600 billion

  • 50. 
    What is the FDI allowed by India in electrical machinery industry under direct route?

  • 100
  • 75
  • 51
  • 49
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