Thursday 14 September 2017

Practice MCQ Questions and answers on Indian Economy GK -1

Practice MCQ Questions and answers on Indian Economy-GK

1.
Aam Admi Bima Yojana was launched on:

Answer: Option D


2.
Planning commission constituted a high level committee for financial sector reforms in August 2007 under the Chairmanship of:

Answer: Option B


3.
Who gave the call for Evergreen Revolution?

Answer: Option A


4.
Open market operation is a part of:

Answer: Option A


5.
The Mid Day Meal scheme was launched on

Answer: Option C


6.
Who is responsible for establishing and maintaining astound and efficient accounting and financial reporting system in India?

Answer: Option A


7.
In India the term Black Revolution is associated with:

Answer: Option C


8.
The share of road transport in total transportation of the country is:

Answer: Option D


9.
The central banking functions in India are performed by the
  1. I=Central Bank of India
  2. II=Reserve Bank of India
  3. III=State Bank of India
  4. IV=Punjab National Bank

Answer: Option B


10.
Development expenditure of the Central government does not include

Answer: Option A


11.
ICICI is the name of a

Answer: Option D


12.
Gilt-edged market means

Answer: Option B


13.
In the last one decade, which one among the following sectors has attracted the highest foreign direct investment inflows into India?

Answer: Option D


14.
Devaluation of a currency means

Answer: Option A


15.
In the second nationalization of commercial banks, ___ banks were nationalized.

Answer: Option C


16.
Since independence, both development and non-development expenditures have increased; the increase in the former being a little more than in the other. Non-development expenditure involves

  1. I=interest payments
  2. II=subsidies
  3. III=defence
  4. IV=irrigation

Answer: Option C


17.
Depreciation means

Answer: Option C


18.
Deficit financing leads to inflation in general, but it can be checked if

Answer: Option D


19.
If all the banks in an economy are nationalized and converted into a monopoly bank, the total deposits

Answer: Option C


20.
India changed over to the decimal system of coinage in

Answer: Option B

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