Top 550+ Solved Indian Economy MCQ Questions Answer
Q. Participatory Notes (PNs) are associated with which one of the following?
a. Consolidated Fund of India
b. Foreign Institutional Investors
c. United Nations Development Programme
d. Kyoto Protocol
Q. 'Repo rate' is the rate at which: [CDS 2004]
a. the Reserve Bank of India lends to State Government
b. the international aid agencies lend to Reserve Bank of India
c. the Reserve Bank of India lends to banks
d. the banks lend to Reserve Bank of India
Q. The Securities and Exchange Board of India has been set up to : 1. protect the interests of investors 2. to regulate the activities of brokers in the stock market 3. to ensure transparency in operation in the stock market. 4. to encourage a healthy growth of the stock market Choose your answer from:
a. 1 and 2
b. 1, 2 and 4
c. 1, 2 and 3
d. 1, 2, 3 and 4
Q. Which among the following is the oldest Development Financial Institution of India?
a. UTI
b. IDBI
c. ICICI
d. IFCI
Q. Consider the following statements: [IAS 2004] 1. The National Housing Bank, the apex institution in housing finance in India, was set up as a wholly owned subsidiary of the Reserve Bank of India 2. 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?
a. 1 only
b. 2 only
c. Both 1 and 2
d. Neither 1 nor 2
Q. Regional rural banks: 1. have limited area of operation 2. have free access to liberal refinance facilities from NABARD 3. are required to lend only to weaker sections
a. 1 and 3
b. 2 and 3
c. 1, 2 and 3
d. 1 and 2
Q. The arguments to support opening up of the Insurance sector in India were: 1. It will provide wider choice to customers 2. It will infuse competition and efficiency 3. It will widen the base of long term funds 4. It will improve balance of payments position Choose the correct answer from:
a. 1, 2
b. 2, 3
c. 1, 2, 3
d. 1, 2, 3 and 4
Q. Which of the following statements regarding Regional Rural Banks (RRB) in India is/are correct ? 1. The basic aim of setting up the RRBs is to develop rural economy. 2. The area of RRBs is limited to a specific region comprising one or more districts. 3. RRBs are sponsored by Commercial Banks. Select the correct answer using the code given below: [Asstt Commdt 2011]
a. 1 only
b. 1 and 2 only
c. 2 and 3 only
d. 1, 2 and 3
Q. In India, which of the following have the highest share in the disbursement of credit to agriculture and allied activities? [CSAT 2011]
a. Commercial Banks
b. Cooperative Banks
c. Regional Rural Banks
d. Microfinance Institutions
Q. What is the role of 'Over-the Counter Exchange' (OTC)?
a. Help in the introduction of multi-tiered markets and import liquidity to them
b. Help to overcome the balance of payment crisis
c. To arrange funds from different foreign banks of developing/ under developing countries
d. All of the above
Q. Which of the following activities would Small Industries Development Bank of India(SIDBI) undertake under the new rural industrialisation programme? [Bank PO 1994] 1. Consultation in erecting the project 2. Providing marketing assistance and refinance facilities at later stage 3. Running the project during initial stage
a. Only 1and 2
b. Only 2 and 3
c. Only 2
d. Only 1
Q. Which of the following is at the apex of Industrial Finance in India? [UDC 1995]
a. Industrial Finance Corporation
b. Reserve Bank of India
c. Industrial Development Bank of India
d. Industrial Credit and Investment Corporation of India