We have provide GK MCQ Questions for Indian Economy GK questions with Answers free PDF. Download based on the important concepts and topics given in the textbook as per new exam pattern. All these Indian Economy GK MCQs Multiple Choice Questions with Answers provided here with detailed solutions. Use them as reference and be confident in the actual exam by practicing the MCQ Quiz Questions of Indian Economy GK as much as you can. Each question has four options followed by the right answer.
MCQ Questions for Indian Economy GK with Answers
Q1. How many banks were nationalized in 1969?
(i) 16
(ii) 14
(iii) 15
(iv) 20
(ii) 14
Q2. Green Banking channel has been launched by:
(i) Punjab National Bank
(ii) State Bank of India
(iii) Reserve Bank of India
(iv) Bank of Baroda
(ii) State Bank of India
Q3. In which year Discount and Finance House of India,DHFI was established?
(i) 1999
(ii) 1998
(iii) 1988
(iv) 1990
(iii) 1988
Q4. Which of the following is not an undertaking under the administrative control of Ministry of Railways?
(i) Container Corporation of India Limited
(ii) Konkan Railway Corporation Limited
(iii) Indian Railways Construction Company Limited
(iv) Diesel Locomotive Works, Varanasi
(iii) Indian Railways Construction Company Limited
Q5. The main difference between Gross Domestic Product (GDP) and Gross National Product (GNP is
(i) Net foreign income from abroad
(ii) Transfer payments
(iii) Capital consumption allowance
(iv) Capital gains
(i) Net foreign income from abroad
Q6. The banks are required to maintain a certain ratio between their cash in the hand and total assets. This is called
(i) Statutory Bank Ratio (SBR)
(ii) Statutory Liquid Ratio (SLR)
(iii) Central Bank Reserve (CBR)
(iv) Central Liquid Reserve (CLR)
(ii) Statutory Liquid Ratio (SLR)
Q7. Reserve Bank of India will soon release plastic notes in circulation will be of :
(i) Rs 100 notes
(ii) Rs 20 notes
(iii) Rs 50 notes
(iv) Rs 10 notes
(iv) Rs 10 notes
Q8. Who among the following are the main borrowers in the money market?
(i) Government
(ii) LIC
(iii) IDBI
(iv) None
(i) Government
Q9. Resurgent India Bonds were issued in US dollar, Pound Sterling and
(i) Japanese Yen
(ii) Deutsche Mark
(iii) Euro
(iv) French Franc
(ii) Deutsche Mark
Q10. Chairman of the Eleventh Finance Commission was
(i) Vijay Kelkar
(ii) A.M. Khusro
(iii) Deepak Parekh
(iv) Manmohan Singh
(ii) A.M. Khusro
Q11. Devaluation of currency will be more beneficial if
(i) prices of domestic goods remain constant
(ii) prices of exports remain constant
(iii) prices of imports remains constant
(iv) prices of exports rise proportionately
(ii) prices of exports remain constant
Q12. In November 2007, the finance commission constituted by the president of India was:
(i) Thirteenth
(ii) Tenth
(iii) Ninth
(iv) Eleventh
(i) Thirteenth
Q13. What is India’s rank in the number of telecom subscribers in the world?
(i) 1
(ii) 3
(iii) 4
(iv) 2
(iv) 2
Q14. Subsidies mean
(i) payment by government for purchase of goods and services
(ii) payment made by business enterprises to factors of production
(iii) payment made by companies to shareholders
(iv) payment made by the government to business enterprises, without buying any goods and services
(iv) payment made by the government to business enterprises, without buying any goods and services
Q15. Government takes ‘ways and means advances’ from
(i) ICICI
(ii) IDBI
(iii) SBI
(iv) RBI
(iv) RBI
Q16. The current price index (base 1960) is nearly 330. This means that
(i) all items cost 3-3 times more than what they did in 1960
(ii) the prices of certain selected items have gone up to 3-3 times
(iii) weighted means of prices of certain item has increased 3-3 times
(iv) gold price has gone up 3-3 times
(iii) weighted means of prices of certain item has increased 3-3 times
Q17. How many Regional Rural Bank (RRBs) are working in the country till 31st March,2010?
(i) 85
(ii) 81
(iii) 82
(iv) 93
(iii) 82
Q18. What is the Share of IT sector in the total GDP of India?
(i) 10%
(ii) 14%
(iii) 20%
(iv) 8%
(iv) 8%
Q19. The annual yield from which of the following Union Government taxes is the highest?
(i) Custom duties
(ii) Corporation tax and income tax
(iii) Inheritance tax, wealth tax, interest tax and gift tax
(iv) Excise duties
(iv) Excise duties
Q20. In which year the planning commission was set-up ?
(i) 1951
(ii) 1950
(iii) 1952
(iv) 1949
(ii) 1950
Q21. If an economy is equilibrium at the point where plans to save and to invest are equal, then government expenditure must be
(i) zero
(ii) equal to government income
(iii) larger than government income
(iv) negative
(ii) equal to government income
Q22. The number of finance commissions set up upto now is:
(i) 13
(ii) 14
(iii) 15
(iv) 16
(iii) 15
Q23. What is the growth rate of plastic processing in India during the last 5 years?
(i) 8.8%
(ii) 3.5%
(iii) 6.7%
(iv) 10.9%
(i) 8.8%
Q24. In India, the first bank of limited liability manages by Indians and founded in 1881 was
(i) Hindustan Commercial Bank
(ii) Oudh Commercial Bank
(iii) Punjab National Bank
(iv) Punjab and Sind Bank
(ii) Oudh Commercial Bank
Q25. Of the following land uses, which is restricted to Special Economic Zones ?
(i) Information Technology Companies
(ii) Free trade Centres
(iii) Marketing Centres
(iv) Educational Institutions
(ii) Free trade Centres
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