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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 - P.L. Tandon Committee is related to
B - Pay Scales of Bank Officers
Answer : C
Explanation
Tandon committee was set up by the RBI in 1974.
Q 2 - Omkar Goswami Committee is related to
Answer : C
Explanation
N/A
Q 3 - What is the limit of Foreign Direct Investment (FDI) in the sector of Multi Brand Retail Trading?
Answer : D
Explanation
N/A
Q 4 - L. K. Jha Committee is related to
Answer : A
Explanation
N/A
Q 5 - Consider the following statements:
1. SEBI is authorized to impose monetary penalties on capital market intermediaries.
2. SEBI is authorized to impose monetary penalties on investors and other violators.
Choose the correct answer from the codes given below:
Answer : C
Explanation
N/A
Q 6 - Which among the following is known for watches?
Answer : A
Explanation
Located in Karnataka, Jalahalli is also known for watches.
Q 7 - The Vision 2020 is related to
A - Poverty eradication program
Answer : D
Explanation
The vision is introduced by former President A. P. J. Abdul Kalam.
Q 8 - Balwant Rai Mehta Committee is related to
B - Working of the Community Development Program
Answer : B
Explanation
The committee was set up in 1957.
Q 9 - Which among the following defines the financial year of banks in India?
Answer : A
Explanation
The financial year of all the banks starts on April 1 and ends on March 31 of every year.
Q 10 - Hindustan Photo Films Manufacturing Co. Ltd. is located in
Answer : D
Explanation
N/A
Q 11 - Consider the following statements:
1. Lorenz curve is a graph on which, the cumulative percentage of total national income is illustrated.
2. The concept was given by Max O. Lorenz in 1905 to represent inequality of the wealth distribution.
Choose the correct answer from the codes given below:
Answer : C
Explanation
N/A
Q 12 - Consider the following:
1. Bombay Stock Exchange
2. Ahmedabad Stock Exchange
3. Calcutta Stock Exchange
Arrange the above given stock exchanges in a chronological order (in reference to their establishment dates):
Answer : A
Explanation
Bombay Stock Exchange 1875; Ahmedabad Stock Exchange 1894; Calcutta Stock Exchange 1908.
Q 13 - Rakesh Mohan Committee is related to
Answer : B
Explanation
N/A
Q 14 - Which among the following correctly defines the term Greenfield Investment?
A - Large scale investment for the agriculture
B - Heavy investment to increase the forest area
C - Investment in the country by the foreign country (FDI)
D - An education program that aware the people about the benefit of conserving the environment
Answer : C
Explanation
N/A
Q 15 - The currency of one rupee is issued by
Answer : A
Explanation
The coin and currency of one rupee is issued by Finance Minister.
Q 16 - In which year, the promotion of Special Economic Zones was started?
Answer : B
Explanation
N/A
Q 17 - The headquarters of Tobacco Board is located in
Answer : D
Explanation
It is established under the Tobacco Act, 1942.
Q 18 - Consider the following statements:
1. Repo rate is the rate at which commercial banks borrow money from RBI.
2. Reverse Repo rate is the rate at which RBI borrows money from commercial banks.
Choose the correct answer from the codes given below:
Answer : C
Explanation
N/A
Q 19 - What is the limit of Foreign Direct Investment (FDI) in the sector of Broadcasting (especial cable networks)?
Answer : A
Explanation
N/A
Q 20 - Which one of the following programs has been implemented to provide employment of at least 100 days in a year in the village areas?
A - Employment Assurance Scheme (EAS)
B - Guaranteed Employment Scheme (GES)
Answer : A
Explanation
EAS has been implemented in 1993.