Indian Economy MCQ-214

Economy MCQ Quiz for WBPSC,UPPSC,CivilsPrelims,CDSE,NDA/NA Exams

Which of the following terms represents the co-existence of private and public sectors in an economy?


Which of the following would cause disequilibrium in the balance of payments?

I. The level of domestic demand

II. Variations in the degree of inflation

III. International capital flows

Select the correct answer using the code given below:


Which one of the following cannot be considered as the fundamental disequilibrium in the balance of payment of a country?


Which one of the following committees recommended the abolition of reservation of items for the small scale sector in industry?


Which one of the following is correct in respect of India?
Percentage of workers engaged in


Which one of the following is the correct statement?

In industries displaying increasing returns to scale and operated by the public sector to achieve optimality, there has to be


Which one of the following items is included in the capital account of the balance of payments of a country?


Which period constitute Operation Flood-I?


Which state grows the maximum amount of wheat per hectare?


Wholesale trade in food-grains was nationalized in the year


With reference to the Public Sector Undertakings in India, consider the following statements:

I. Minerals and Metals Trading Corporation of India Limited is the largest non-oil importer of the country

II. Project and Equipment Corporation of India Limited is under the Ministry of Industry

III. One of the objectives of Export Credit Guarantee Corporation of India Limited is to enforce quality control and compulsory pre-shipment inspection of various exportable commodities

Which of these statements is/are correct?


A major source of industrial finance is foreign capital. Foreign capital can take the form of


A regressive tax is


A regressive tax will tend to redistribute income more


A rise in ‘SENSEX’ means


A scheduled commercial bank should have capital and reserves over


A tax that takes away a higher proportion of one’s income as the income rises is termed as


A zero rate of inflation obtains necessarily in a year where the annual rate of inflation


According to the new dispensation for insurance businesses in India


Ad valorem means, according to


All of the following are subsidiaries of the State Bank of India, except


All revenues received, loans raised and money received in repayment of loans by the Union government go into


All taxes come under


An ad valorem duty is a tax basis of


An amount given by a government agency or even private body to encourage a particular economic activity is a