Indian Economy MCQ (Pages :37)

  • 961 Which among the following taxes does not increase the price of commodity for buyers?

    (A) Sales tax
    (B) Income tax
    (C) Octroi
    (D) None of the above
  • 962 Which among the following term comes under the applicability of ” Abuse of Public office for private gains”?

    (A) Deficit spending
    (B) Rent Seeking
    (C) Economic oppression
    (D) Neo-Capitalism
  • 963 Which among the following term is used for coexistence of inflation and stagnation?

    (A) Depression
    (B) Recession
    (C) Reflation
    (D) Stagflation
  • Stagflation refers to persistent high inflation coupled with high unemployment and stagnant demand /growth in economy. High Inflation + Low Economic Growth {or conditions of recession} + Low Employment Generation = Stagflation Stagflation generally occurs because recession reduces demand for goods. In the post 2008 crisis years, slowdown in growth and investment was accompanied by elevated levels of consumer price inflation in India. This condition was called stagflation.
  • 964 Which among the following terms best described a Chit Fund?

    (A) a non-banking financial intermediary
    (B) a unorganized money lender
    (C) a organized money lender
    (D) a banking financial intermediary
  • 965 Which among the following was / were the reason / reasons of a gradual increase in rural indebtness in India under the British Rule: 1.%%Fragmentation of land holdings 2.%%Lack of irrigational facilities 3.%%Decline of cottage industries 4.%%Introduction of Cash crops Choose the correct option:?

    (A) Only 1
    (B) 1 & 2
    (C) 1; 2 & 3
    (D) 1; 2; 3 & 4
  • 966 Which among the following was chosen as a unit of developing banking infrastructure in the Lead Bank Scheme?

    (A) Town
    (B) Village
    (C) District
    (D) Panchayat
  • 967 Which among the following was established by government of India in 2001 for clearing functions of debt market?

    (A) CCIL
    (B) OTCEI
    (C) ISE
    (D) CIBIL
  • 968 Which among the following was first Commercial Bank of India?

    (A) Hindustan Bank
    (B) The bank of Bengal
    (C) Imperial Bank of India
    (D) Punjab National Bank
  • The first commercial bank was Hindustan Bank established in 1770 in Calcutta
  • 969 Which among the following was not a committee on Tax Reforms?

    (A) Raja J Chelliah Committee
    (B) Kelker Committee
    (C) Taraporewala committee
    (D) None of the above
  • 970 Which among the following was NOT a reason behind India’s poverty as pointed out by Dadabhai Naoroji in his famous work “Poverty and Un-British Rule in India”?

    (A) Expenditure of the European Officials in England
    (B) Money sent by the British professionals to England
    (C) India’s Population growth
    (D) Bringing of British Capital in India
  • In his work, Dadabhai did not accept that the Indian poverty was due to over population or the interplay of some economic laws as publicized by the British.
  • 971 Which among the following was not Stipulated in the Fiscal Responsibility And Budget Management Act 2003?

    (A) Elimination of revenue deficit
    (B) Elimination of primay deficit
    (C) Non-borrowing by the central government from RBI except in certain situations
    (D) Fixing government guarantees in any financial year as a percentage of GDP
  • 972 Which among the following was previously known as Imperial Bank of India?

    (A) State bank of India
    (B) Reserve Bank of India
    (C) Punjab National bank
    (D) ICICI
  • 973 Which among the following was set up by Government of India in 1988 with objective of developing multi modal logistics support for India’s International and Domestic containerized cargo and trade?

    (A) Inland Container Depots
    (B) Container Corporation of India
    (C) Central warehousing Corporation
    (D) None of the above
  • 974 Which among the following was set up by RBI in 1988 jointly with public sector banks and all India Financial Institutions to develop the money market & provide liquidity to money market instruments as sequel to Vaghul Working Group recommendations?

    (A) Discount And Finance House of India Ltd (DFHI)
    (B) Central Depository Services (India) Limited (CDSL)
    (C) Financial Intelligence Unit India (FIU-IND)
    (D) None of the above
  • 975 Which among the following was set up primarily for the rehabilitation of Sick units?

    (A) Industrial Finance Corporation of India
    (B) Industrial Reconstruction Bank of India
    (C) Small Industries Development Bank of India
    (D) Central Bank of India
  • 976 Which among the following was the first Government Company to be privatized in India?

    (A) Hotel Corporation of India
    (B) Rashtriya Chemicals & Fertilizers Ltd
    (C) Maruti Udyog Limited
    (D) Modern Foods Industries Limited
  • 977 Which among the following was the main objective of the Fiscal Responsibility and Budget Management Act, 2003?

    (A) Achieve Fiscal Surplus
    (B) Eliminate Revenue deficit
    (C) Eliminate Fiscal Deficit
    (D) Stop Money Laundering
  • 978 Which among the following was the main objectives of “Command Area Development Programme”?1.%%To improve the utilization of the created irrigation potential 2.%%To fill the gap created between potential creation and utilization 3.%%To launch smaller irrigation schemes in India aggressively.?

    (A) Only 1 and 2
    (B) Only 2 & 3
    (C) Only 3
    (D) Only 1
  • 979 Which among the following will be a debit entry in India’s balance of payments?

    (A) Imports of goods by India
    (B) Income of Indian investments abroad
    (C) Receipts of transfer payments
    (D) Exports of services by India
  • 980 Which among the following would follow when RBI cuts the CRR?

    (A) Stress on money markets would increase
    (B) Stress on money markets would decrease
    (C) Banks will need to invest more in Government Securities
    (D) Banks will need to increase the interest rates
  • cash reserve ratio — the portion of deposits that banks keep in cash with the central bank — to ease the strain in money markets.
  • 981 Which among the following would most likely follow if the Reserve Bank of India effects selling of the securities?

    (A) The cash resources at the disposal of the commercial banks increase.
    (B) The cash resources at the disposal of the commercial banks get diminished.
    (C) The cash resources of the commercial banks remain unchanged
    (D) None of the above
  • 982 Which among the following would result in the fall in asset prices?

    (A) Low Liquidity in the Economy
    (B) High Liquidity in the Economy
    (C) RBI increasing the Reverse Repo Rates
    (D) RBI allows more banks to play
  • 983 Which among the following years marks the latest devaluations in India’s currency?

    (A) 1991
    (B) 1998
    (C) 2000
    (D) 2005
  • 984 Which are the three pillars of Basel II?

    (A) Credit Risk; capital adequacy ; Debt Control
    (B) Risk weighted assets; supervisory review and capital adequacy ratio
    (C) Minimum capital requirement; supervisory review & market discipline
    (D) Credit Risk; capital adequacy
  • 985 Which City is known as the Rice Bowl of Tamil Nadu?

    (A) Chennai
    (B) Tuticorin
    (C) Thanjavur
    (D) Ennore
  • 986 Which committee in its recommendation mentioned that SEBI should not become a controlling authority substituting the CCI but should function as a market regulator?

    (A) Narsimham Committee
    (B) Raghvan Committee
    (C) Tandon Committee
    (D) Dutt Committee
  • 987 Which committee on the ‘Working of the monetary system in India ’emphasized that real deficit should include not only the over all budgetary deficit but also the market borrowings and other liabilities giving birth to a new concept of ” Fiscal Deficit”?

    (A) S Chakravarty Committee
    (B) Narsimham Committee
    (C) Gadgil Committee
    (D) Rangarajan Committee
  • 988 Which five year plan of India is called “Industry and Transport” plan?

    (A) 1st
    (B) 2nd
    (C) 3rd
    (D) 4th
  • 989 Which Industry flourishes in Coimbatore-Tiruppur belt in Tamil Nadu?

    (A) Stone Carvings
    (B) Textiles
    (C) Leather
    (D) Bamboo
  • [A] IDBI
  • 990 Which of the above is/are correctly matched?1.%%Yellow Revolution- Eggs 2.%%Golden Revolution-Oilseeds 3.%%Round Revolution-Potato 4.%%Grey Revolution-Fertilizers?

    (A) 1 and 2
    (B) 3 and 4
    (C) 2; 3 and 4
    (D) 1; 2 and 4
  • Yellow Revolution is for Oilseeds and Golden Revolution is related with the growth of Horticulture.

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