Top 550+ Solved Indian Economy MCQ Questions Answer
Q. The inflation experienced in the country at present is:
a. galloping inflation
b. secondary inflation
c. unrealistic inflation
d. cost-push inflation
Q. Which of the following governmental steps has proved relatively effective in controlling the double digit rate of inflation in the Indian economy during recent years?
a. Containing budgetory deficits and unproductive expenditure
b. Streamlined public distribution system
c. Enhanced rate of production of all consumer goods
d. Pursuing an export-oriented strategy
Q. Of the various ways of financing government's investment expenditure, the leastinflationary is : [PCS 1994]
a. foreign aid
b. deficit financing
c. taxation
d. public borrowing
Q. 'Devaluation' means: [RRB 1992]
a. converting rupee into gold
b. lowering of the value of one currency in comparison of some foreign currency
c. making rupee dealer in comparison to some foreign currency
d. None of these
Q. Monetary policy is regulated by:
a. money lenders
b. Central Bank
c. private entrepreneurs
d. Government policy
Q. One-rupee currency notes bear the signature of:
a. Prime Minister of India
b. President of India
c. Finance Minister of India
d. Finance Secretary of India
Q. Ten rupee notes bear the signature of:
a. President
b. Finance Minister
c. Secretary, Ministry of Finance
d. Governor, Reserve Bank of India
Q. Which of the following prints currency notes of the denomination of Rs. 100?
a. The Bank Note Press, Dewas
b. The Indian Security Press, Nasik Road
c. The Security Printing Press, Hyderabad
d. All of the above
Q. The highest denomination of currency notes in circulation as legal tender in India is at present:
a. Rs. 50
b. Rs.100
c. Rs. 500
d. Rs.1000
Q. The special paper required for printing of currency notes by the Security Presses In the country is manufactured at :
a. Hyderabad
b. Kolkata
c. Hoshangabad
d. Dewas
Q. Which of the following mints undertakes refining of gold for licensed gold dealers and production of medals for defence services?
a. The Hyderabad Mint
b. The Mumbai Mint
c. The Kolkata Mint
d. None of the above
Q. To meet the growing needs for coins in the country, where does the Governmentpropose to set up another mint?
a. Nasik
b. Hoshangabad
c. Dewas
d. Noida
Q. For international payments, the Indian currency is linked to :
a. American Dollar
b. British Sterling
c. Gold Standard
d. None of the above