Indian Economy GK MCQ Questions SET-4 with Answers free PDF

Indian Economy GK MCQ Questions SET-4 with Answers free PDF Download

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. The central co-operative banks are in direct touch with

(i) farmers
(ii) state co-operative banks
(iii) land development banks
(iv) central government

(ii) state co-operative banks

Q2. Indian state with highest road length is:

(i) Maharashtra
(ii) Uttar Pradesh
(iii) Rajasthan
(iv) Andhra Pradesh

(i) Maharashtra

Q3. What is Horticulture’s share in the Indian export market?

(i) 30%
(ii) 45%
(iii) 33%
(iv) None of the above

(iii) 33%

Q4. The Board of Industrial and Financial Reconstruction (BIFR) came into existence in

(i) 1984
(ii) 1986
(iii) 1987
(iv)1989

(iii) 1987

Q5. Which of the following is not a part of national income?

(i) Profits
(ii) Wages and Salaries
(iii) Rent
(iv) Interest on national debt

(iv) Interest on national debt

Q6. The currency convertibility concept in its original form originated in

(i) Wells Agreement
(ii) Bretton Woods Agreement
(iii) Taylors Agreement
(iv) None of the above

(ii) Bretton Woods Agreement

Q7. The co-operative credit societies have a

(i) two-tier structure
(ii) three-tier structure
(iii) four-tier structure
(iv)five-tier structure

(ii) three-tier structure

Q8. Securities and Exchange Board of India is a

(i) Regulatory Body
(ii) Quasi Judicial body
(iii) Advisory Body
(iv) Consititutional Body

(i) Regulatory Body

Q9. f the cash reserve ratio is lowered by the RBI, its impact on credit creation will be to

(i) increase it
(ii) decrease it
(iii) no impact
(iv) None of the above

(i) increase it

Q10. Unit Trust of India (UTI) was bifurcated (into UTI-I and UTI-II) in:

(i) the year 2005
(ii) the year 2000
(iii) the year 2003
(iv) the year 2001

(iii) the year 2003

Q11. In which year, State Bank of Indore was established as Bank of indore?

(i) 1910
(ii) 1920
(iii) 1930
(iv) 1940

(ii) 1920

Q12. Since the inception of the co-operative movement, rural credits has been

(i) institutionalized
(ii) rationalized
(iii) cheapened
(iv) All of the above

(iv)All of the above

Q13. Which is the biggest tax paying sector in India?

(i) Industrial sector
(ii) Agriculture sector
(iii) Transport sector
(iv) Banking sector

(i) Industrial sector

Q14. On July 12, 1982, the ARDC was merged into

(i) RBI
(ii) NABARD
(iii) EXIM Bank
(iv) None of the above

(ii) NABARD

Q15. During which five year plan was the annual growth rate registered at 2.5%?

(i) Second Five Year Plan (1961-66)
(ii) First Five Year Plan (1961-66)
(iii) Fourth Five Year Plan (1961-66)
(iv) Third Five Year Plan (1961-66)

(iv) Third Five Year Plan (1961-66)

Q16. legal description of the object with reference to which the tax applies is known as _ ?

(i) Direct Tax
(ii) Indirect Tax
(iii) Base of Tax
(iv) Elasticity of Tax

(iii) Base of Tax

Q17. Deficit financing means that the government borrows money from the

(i) RBI
(ii) local bodies
(iii) big businessmen
(iv)IMF

(i) RBI

Q18. The best way, a bank can avoid loss is to

(i) accept sound collateral
(ii) lend only to individuals known to the bank
(iii) give only short-term loans
(iv) lend only to bank’s old customers

(i) accept sound collateral

Q19. The association of the rupee with pound sterling as the intervention currency was broken in

(i) 1990
(ii) 1991
(iii) 1992
(iv) 1993

(iii) 1992

Q20. The main rubber producing state in the country is:

(i) Kerala
(ii) Tamil Nadu
(iii) Karnataka
(iv) Hyderabad

(i) Kerala

Q21. Which among the following is a Multinational Trade Negotiation Body ?

(i) IDA
(ii) WTO
(iii) IMF
(iv) SAARC

(ii) WTO

Q22. Which of the following is not viewed as a national debt?

(i) Provident Fund
(ii) Life Insurance Policies
(iii) National Saving Certificate
(iv)Long-term Government Bonds

(iii) National Saving Certificate

Q23. The abbreviation ‘SEBI’ stands for

(i) Securities and Exchange Bank of India
(ii) Savings and Exchange Bank of India
(iii) Survey of essential business in India
(iv) Securities and Exchange Board of India

(iv) Securities and Exchange Board of India

Q24. The programme which was launched in 1974-75 with the main objectives of improving the utilization of created irrigation potential is:

(i) Command Area Development (CAD)
(ii) Cordial Area Development
(iii) Copper Area Development
(iv) Cop Authority Development

(i) Command Area Development (CAD)

Q25. If the Reserve Bank of India wants to increase the Cash Reserves commercial Banks, which among the following would be the most probable step taken by it ?

(i) Release Gold from its reserves
(ii) Buy bonds in the open market
(iii) Prohibit the transactions that involve bill of exchange
(iv) Increase the tranche reserves with the IMF

(ii) Buy bonds in the open market

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