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.

Questions and Answers

Answer : B

Explanation

N/A

Q 2 - What is the limit of Foreign Direct Investment (FDI) in the sector of “Private Security Agencies?”

A - 100%

B - 74%

C - 49%

D - 26%

Answer : B

Explanation

N/A

Q 3 - Reverse Repo Rate is always ……………………… the Repo rate.

A - 1% less than

B - 1% greater than

C - .50% less than

D - .50% greater than

Answer : A

Explanation

N/A

Q 4 - What is the limit of Foreign Direct Investment (FDI) in the sector of “Asset Reconstruction Companies?”

A - 100%

B - 74%

C - 49%

D - 26%

Answer : A

Explanation

N/A

Answer : C

Explanation

N/A

Q 6 - What is the limit of Foreign Direct Investment (FDI) in the sector of “Power Exchanges?”

A - 100%

B - 74%

C - 49%

D - 20%

Answer : C

Explanation

N/A

Q 7 - Which among the following is not a type of sales tax?

A - Retail Sales Tax

B - Manufacturers’ Sales Tax

C - Value Added Tax

D - Property tax

Answer : D

Explanation

N/A

Answer : B

Explanation

N/A

Answer : B

Explanation

N/A

Q 10 - Which among the following correctly defines the term ‘debt trap?’

A - Difficult to repay loan

B - Taking too much loan and not repaying

C - Not paying debt regularly

D - A & B

Answer : A

Explanation

Because of having very high interest payment, it is difficult to repay principal amount.

2

Q 11 - What is the limit of Foreign Direct Investment (FDI) in the sector of “Food products manufactured or produced in India?”

A - 100%

B - 74%

C - 49%

D - 20%

Answer : A

Explanation

N/A

Answer : D

Explanation

Other two centers of Hindustan Copper Ltd. are Agnigudala (Andhra Pradesh) and Rakha (Jharkhand).

Q 13 - Hindustan Zinc Limited is located in …

A - Udaipur

B - Korba

C - Dhanbad

D - Kochi

Answer : A

Explanation

Udaipur is located in Rajasthan.

Q 14 - In reference to microeconomics, consider the following statements:

1. Elasticity is normally the measurement of how responsive an economic variable is to a change in another variable.

2. Elasticities usually include price elasticity of supply, price elasticity of demand, income elasticity of demand, and elasticity of substitution.

Choose the correct answer from the codes given below:

A - Only 1

B - Only 2

C - Both

D - Neither 1 nor 2

Answer : C

Explanation

N/A

Q 15 - The currency of one rupee is issued by …

A - Finance Minister

B - Reserve Bank of India

C - President

D - Prime Minister

Answer : A

Explanation

The coin and currency of one rupee is issued by Finance Minister.

Q 16 - The currency of 500 & 2000 rupees is issued by …

A - Finance Minister

B - Reserve Bank of India

C - President

D - Prime Minister

Answer : B

Explanation

The currency of one 500 & 2000 rupees is issued by RBI.

Q 17 - The Rural Landless Employment Guarantee Program (RLEGP) was introduced in …

A - 1993

B - 1997

C - 1974

D - 1975

Answer : A

Explanation

The objective of RLEGP is to provide employment to landless farmers and laborers.

Answer : D

Explanation

Tiruchirapalli is located in Tamil Nadu

Answer : C

Explanation

N/A

Q 20 - Consider the following statements:

1. The place from where the speculators buy shares or commodities in anticipation of rising price, is known as ‘Bull Market.’

2. Bull Market facilitates speculators to make money/profit.

Choose the correct answer from the codes given below:

A - Only 1

B - Only 2

C - Both

D - Neither 1 nor 2

Answer : C

Explanation

N/A

indian_economy_online_quiz.htm
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