- Indian Economy Tutorial
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- 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 - The headquarters of Coffee Board is located in …
Answer : A
Explanation
It is established under the Coffee Act, 1942.
Q 2 - Wanchoo Committee is related to …
Answer : B
Explanation
N/A
Q 3 - VOSTRO Amount is …
A - Maintained by an Indian bank in the foreign countries
B - Maintained by a foreign bank in India
Answer : B
Explanation
N/A
Q 4 - What is the limit of Foreign Direct Investment (FDI) in the sector of “Asset Reconstruction Companies?”
Answer : A
Explanation
N/A
Q 5 - Sodhani Committee is related to …
Answer : B
Explanation
N/A
Q 6 - S. K. Kalia Committee is related to …
Answer : B
Explanation
N/A
Q 7 - R.V. Gupta Committee is related to …
B - Agricultural Credit Delivery
Answer : D
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
Answer : C
Explanation
N/A
Q 11 - In reference to ‘ease of doing business in India,’ which among the following states did not include in the top ten list prepared by World Bank?
Answer : D
Explanation
N/A
Q 12 - Consider the following statements:
1. Fiscal system describes the complete structure of government revenue and expenditures as well as the framework within which the respective agencies collect and disburse the funds.
2. Fiscal policy is a technique by which the government regulates its spending levels and tax rates.
Choose the correct answer from the codes given below:
Answer : A
Explanation
Fiscal policy influences national policy.
Q 13 - Major industry/ies, which are located in Indore-Ujjain region is/are …
Answer : D
Explanation
Handicrafts, in this region was patronized by former courts.
Q 14 - Who among the following has launched the trading software ‘National Exchange for Automatic Trading?’
B - National Stock Exchange (NSE)
Answer : B
Explanation
N/A
Q 15 - Consider the following statements:
1. The Pradhan Mantri Fasal Bima Yojana (or Prime Minister's Crop Insurance Scheme) was launched on 18 February 2016.
2. This scheme is designed to cover more than 50% of the farmers under its wing in next 2 to 3 years.
Choose the correct answer from the codes given below:
Answer : C
Explanation
N/A
Q 16 - The headquarters of Tea Board is located in …
Answer : C
Explanation
It is established under the Tea Act, 1953.
Q 17 - Which among the following correctly defines the term ‘price ceiling?’
A - The maximum (legal) price of a product
B - Rules of government to that fixes price of agriculture products
Answer : A
Explanation
A price ceiling is a government-imposed fixed price i.e. controlling or limiting - how high a price is charged for a particular product.
Q 18 - Consider the following statements:
1. Special Drawing Rights (SDR) is an international reserve asset, created by the International Monetary Fund in 1969.
2. The value of Special Drawing Rights is regulated on the basis of the portfolio of widely used countries.
Choose the correct answer from the codes given below:
Answer : C
Explanation
N/A
Q 19 - Consider the following statements:
1. Capitalization includes bonds, debentures, etc.
2. Bonds and debentures are carried normally on the books of the issuing company.
Choose the correct answer from the codes given below:
Answer : C
Explanation
N/A
Q 20 - In reference to ‘take-out finance scheme, consider the following statements:
1. A currency future is a sort of contract to exchange one currency for another on a specified date in the future at a price that is fixed in advance.
2. At present, currency futures are more frequently used by the traders to speculate on the rate of the dollar and other currencies at a future date.
Choose the correct answer from the codes given below:
Answer : C
Explanation
N/A
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