Top 550+ Solved Indian Economy MCQ Questions Answer
Q. India earns maximum foreign exchange from the export of:
a. garments
b. jute
c. gems and jewellery
d. cotton
Q. Bokaro Steel Limited was established with the assistance of: [Asstt Comm 2008]
a. Germany
b. Soviet Union
c. UK
d. USA
Q. As per the reports published in the newspapers the banks, particularly public sector banks are tying up with various rating agencies for providing a qualitative assessment of the credit needs of the borrowers. Which amongst the following is/are such credit rating agencies in India? [Punjab & Sindh Bank 2011] (A) CARE (B) CRISIL (C) ULlP
a. Only A
b. Only B
c. A and B only
d. Only C
Q. Consider the following statements: [NDA 2003] 1. The first newsprint plant set up in India was at Nepanagar. 2. The first modern steel plant in India was set up at Bhadrawati. Which of these statements is/are correct?
a. 1 only
b. 2 only
c. Both 1 and 2
d. Neither 1 nor 2
Q. Identify the correct sequence of the establishment of steel plants in India from the earliest to the latest: [NDA 2002]
a. Bokaro, Jamshedpur, Vishakhapatnam, Bhilai
b. Jamshedpur, Bhilai, Bokaro, Vishakhapatnam
c. Bhilai, Jamshedpur, Vishakhapatnam, Bokaro
d. Jamshedpur, Vishakhapatnam
Q. The following is the list of four integrated steel plants in the country [CDS 1991] 1. Bhilai 2. TISCO 3. IISCO 4. Bokaro Which of the following combinations lists all the plants in the public sector ?
a. 1, 2 and 4
b. 1, 3 and 4
c. 2, 3 and 4
d. None of these
Q. Which of the following statements regarding the iron and steel plants at Bhilai,Rourkela and Durgapur are correct? [CDS 1992] 1. These plants were established in public sector during the Second Five Year Plan 2. These are located in the steel raw material belt 3. These were established with the help from Britain, Soviet Union and West Germany respectively
a. 1 and 2
b. 2 and 3
c. 1 and 3
d. 2 and 3
Q. Consider the following statements: [CDS 2002] 1. The Ministry of External Affairs is in-charge of monetary policy in India. 2. The. Ministry of External Affairs is in-charge of foreign exchange rate determination in India. 3. The Ministry of Commerce puts forward the Export-Import Policy in India. 4. The Planning Commission prepares the Annual Budget of the Government Which of the statements is/are correct ?
a. 1, 2, and 3
b. 2 only
c. 3 only
d. 2 and 4
Q. Which of the following are the public sector undertakings of the Government of India? 1. Balmer Lawrie and Company Ltd. 2. Dredging Corporation of India 3. Educational Consultants of India Ltd. Select the correct answer using the code given below [IAS 2008]
a. 1 and 2 only
b. 2 and 3 only
c. 1 and 3 only
d. 1, 2 and 3
Q. Which one of the following statements is not correct? [IAS 2005]
a. Rourkela Steel Plant, the first integrated steel plant in the Public Sector of India was set up with the Soviet Union collaboration.
b. Salem Steel Plant is a premier producer of stainless steel in India.
c. Maharashtra Elektrosmelt Ltd. is a subsidiary of the Steel Authority of India Ltd.
d. Visakhapatnam Steel Plant is a unit of the Rashtriya Ispat Nigam Lt
Q. Which of the following pairs are correctly matched? [IAS 2005] Enterprise Industrial Group 1. VSNL : Bharati Group 2. Mundra Special Economic Zone Ltd. : Adani Group 3. CMC Ltd. : Tata Group 4. IPCL : Reliance Group Select the correct answer using the codes given below:
a. 1, 2 and 3
b. 3 and 4
c. 1, 2 and 4
d. 2, 3 and 4
Q. Which of the following authority sanctions foreign exchange for the import of goods?[UP PCS 2011]
a. Any Nationalised Bank
b. Exchange Bank
c. Reserve Bank of India
d. Ministry of Finance
Q. Which organisation promotes the foreign trade? [UP PCS 2011]
a. ECGC
b. MMTC
c. STC
d. All of these
Q. Import substitution implies [Asstt Commdt 2011]
a. importing new items in place of old items of import
b. gradual reduction of imported goods to save foreign exchange
c. increasing domestic supply of goods by imposing import restrictions
d. replacing import items by domestic production of such items
Q. Why is the Government of India disinvesting its equity in the Central Public Sector Enterprises (CPSEs)? 1. The Government intends to use the revenue earned from the disinvestment mainly to pay back the external debt. 2. The Government no longer intends to retain the management control of the CPSEs. Which of the statements given above is/are correct? [CSAT 2011]
a. 1 only
b. 2 only
c. Both 1 and 2
d. Neither 1 nor 2