- Indian Economy Tutorial
- Indian Economy - Home
- Indian Economy - Introduction
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- Indian Economy - Food Security
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- Indian Economy - Rural Development
- Indian Economy - Money & Banking
- Economy - Government Budget
- Indian Economy - Consumer Rights
- Indian Economy - Reforms
- Indian Economy - Open
- Indian Economy - Micro Economics
- Indian Economy - Macro Economics
- Economy - Sustainable Development
- Indian Economy Useful Resources
- Indian Economy - Online Quiz
- Indian Economy - Online Test
- Indian Economy - Quick Guide
- Indian Economy- Useful Resources
- Indian Economy - Discussion
Indian Economy Online Quiz
Following quiz provides Multiple Choice Questions (MCQs) related to Indian Economy. You will have to read all the given answers and click over the correct answer. If you are not sure about the answer then you can check the answer using Show Answer button. You can use Next Quiz button to check new set of questions in the quiz.
Q 1 - Consider the following statements:
1. Co-operative Credit Organization first time commenced in 1968.
2. Primary Co-operative Committees provide credit for short term.
Choose the correct answer from the codes given below:
Answer : B
Explanation
Co-operative Credit Organization first time commenced in 1904.
Q 2 - Indradanush Scheme, launched by Narendra Modi Government, was implemented in …
Answer : C
Explanation
One of the major objectives of the scheme is to improve the children’s health.
Q 3 - Consider the following statements:
1. The banks, which are incorporated in the second schedule of the Indian Constitution, is known as schedule bank.
2. The schedule banks have a paid-up capital and reserves of an aggregate value and follow the RBI rules.
Choose the correct answer from the codes given below:
Answer : B
Explanation
The banks, which are incorporated in the second schedule of the RBI Act, 1934, is known as schedule bank.
Q 4 - L. K. Jha Committee is related to …
Answer : A
Explanation
N/A
Q 5 - Y.V. Reddy Committee is related to …
Answer : B
Explanation
N/A
Q 6 - What is the limit of Foreign Direct Investment (FDI) in the sector of “Power Exchanges?”
Answer : C
Explanation
N/A
Q 7 - What is the limit of Foreign Direct Investment (FDI) in the sector of “Pharmaceuticals (Brown Field)?”
Answer : A
Explanation
N/A
Q 8 - Which one of the following terms correctly defines the difference between GNP and NNP?
Answer : A
Explanation
Net National Product = Gross National Product – Depreciation.
Q 9 - What is the limit of Foreign Direct Investment (FDI) in the sector of “Plantation?”
Answer : A
Explanation
N/A
Q 10 - Consider the following statements:
1. The Reserve Bank of India was set up under the Reserve Bank of India Act, 1934.
2. The Reserve Bank of India was nationalized on January 1, 1952.
Choose the correct answer from the codes given below:
Answer : A
Explanation
The Reserve Bank of India was nationalized on January 1, 1949.
Q 11 - Indian Refineries Ltd. is located in …
Answer : D
Explanation
N/A
Q 12 - The Intensive Agriculture Area Program (IAAP) was implemented in …
Answer : C
Explanation
Under the IAAP, emphasis is given on the special harvesting.
Q 13 - Mining and Allied Machinery Corporation Ltd. is located in …
Answer : A
Explanation
N/A
Q 14 - Hindustan antibiotics Ltd. is located in …
Answer : C
Explanation
N/A
Q 15 - The National Institute of Rural Development (NIRD) was introduced in …
Answer : D
Explanation
NIRD acts as an advisory body.
Q 16 - Consider the following statements:
1. Exim Bank was established in 1982 under Export-Import Bank of India Act 1981.
2. The major objective of Exim Bank is to promote cross border trade and investment.
Choose the correct answer from the codes given below:
Answer : C
Explanation
Exim Bank is export-import bank, which is managed by the Board of Directors.
Q 17 - Bhartiya Mahila Bank Limited is established with objective to …
B - Promote economic empowerment of women
Answer : D
Explanation
Bhartiya Mahila Bank is established in 2013.
Q 18 - The headquarters of Spices Board is located in …
Answer : C
Explanation
It is established under the Spices Act, 1986.
Q 19 - Consider the following statements:
1. In macroeconomics, the Aggregate Demand is the total demand for final goods and/or services.
2. The Aggregate Supply is the total supply of goods and/or services that firms in a national economy plan.
Choose the correct answer from the codes given below:
Answer : C
Explanation
N/A
Q 20 - The Securities and Exchange Board of India (SEBI) was introduced in …
Answer : D
Explanation
The objective of SEBI is to safeguard the interests of investors.