Indian Economy MCQ-216

Economy Practice Questions for UPPSC,MPPSC,APPSC,NDA,CivilsPrelims,SSC Exams



An example of a development bank in India is the

 
 
 
 

An increase in the supply of money will, ceteris paribus, tend to cause the rate of interest to fall unless

 
 
 
 

An upward and leftward movement of an upward sloping supply curve for a commodity could be caused by all of the following, except

 
 
 
 

Arrange the main sources of revenue of the Central Government in ascending order of importance.

I. Income tax

II. Corporate tax

I III. Customs

IV. Excise duties

 
 
 
 

As in other countries, money in India I consists of

 
 
 
 

Bank notes and coins above one rupee denomination are issued by the

 
 
 
 

As per the decision taken by the Government of India, all the Public Sector Banks (PSBs) will be recapitalized over the next two years so that they can maintain a Capital Adequacy Ratio (CAR) of

 
 
 
 

Bank rate is the rate at which

 
 
 
 

As per the decision taken by the Government of India, the exporters of which of the following products to USA and European countries will get an incentive of 2 per cent on their exports?

(A) Leather goods

(B) Garments

(C) Software

 
 
 
 

Between what limits is the RBI empowered to vary the Cash Reserve Ratio (CRR) of commercial banks?

 
 
 
 

Broadly speaking the function of the IDBI maybe

 
 
 
 

By devaluation we mean

 
 
 
 

Capital Account Convertibility of the Indian Rupee implies

 
 
 
 

Capital formation can take place in India by adopting the following measures.

I. Deficit financing
II. Taxation measures

III. Tapping disguised unemployment in agriculture

IV. Taking foreign loans

Choose your answer from the codes below:

 
 
 
 

Central banking functions in India are performed by the

I. Central Bank of India

II. State Bank of India

III. Indian Overseas Bank

IV. Reserve Bank of India

 
 
 
 

Commercial banks in India

 
 
 
 

Commercial banks provide

 
 
 
 

Consider the following financial institutions of India:

I. Industrial Finance Corporation of India (IFCI)

II. Industrial Credit and Investment Corporation of India (ICICI)

lll. Industrial Development Bank of India (IDBI)

IV. National Bank of Agriculture and Rural Development (NABARD)

The correct chronological sequence of the establishment of these institutions

 
 
 
 

Consider the following organisations:

I. International Bank for Reconstruction and Development

II. International Finance Corporation
III. International Fund for Agricultural Development
IV. International Monetary Fund

Which of these are agencies of the United Nations?

 
 
 
 

Consider the following statements:

Most international agencies which fund development programmes in India on inter-government bilateral agreements, mainly provide:

I. technical assistance
II. soft loans which are required to be paid bank with interest

III. grants, not required to be paid bank

IV. food assistance to alleviate poverty

 
 
 
 

Consider the following statements:

Full convertibility of the rupee may mean
I. its free float with other international currencies

II. its direct exchange with any other international currency at any prescribed place inside and outside the country

III. it acts just like any other international currency

Which of these statements are correct?

 
 
 
 

Consider the following statements:

The Indian Rupee is fully covertible

I. in respect of current account of balance of payment

II. in respect of capital account of balance of payment

III. into gold

Which of these statements is/are correct?

 
 
 
 

Consider the following statements:

I. Reserve Bank of India was nationalized on January 26, 1950

II. The borrowing programme of the Government of India is handled by the Department of Expenditure, Ministry of Finance

Which of the statements given above is/are correct?

 
 
 
 

Consider the following statements:

I. The National Housing Bank, the apex institution of housing finance in India, was set up as a wholly-owned subsidiary of the Reserve Bank of India

II. The Small Industries Development Bank of India was established as a wholly-owned subsidiary of the Industrial Development Bank of India

Which of the statements given above is/are correct?

 
 
 
 

Consider the following taxes:

I. Corporation tax

II. Customs duty

III. Wealth tax

IV. Excise duty

Which of these is/are indirect taxes?