Top 550+ Solved Indian Economy MCQ Questions Answer
Q. Which of the following is/are treated as artificial currency? [IAS 2010]
a. ADR
b. GDR
c. SDR
d. Both ADR and SDR
Q. Which of the following measures should be taken when an economy is going throughinflationary pressures? 1. The direct taxes should be increased. 2. The interest rate should be reduced. 3. The public spending should be increased Select the correct answer using the code given below: [CDS 2012] Code:
a. 1 only
b. 2 only
c. 2 and 3
d. 1 and 2
Q. The terms of economics, the recession occurring two times with a small gap in betweenis known as [Bank of India PO 2010]
a. Double Deflation
b. Deflation
c. Deep Recession
d. Double Dip Recession
Q. M1 includes:
a. currency with public
b. demand deposit with bank
c. other deposits with RBI
d. all of the above
Q. M3 includes:
a. M1 + T.D
b. M1 + post office saving deposit
c. M1 +- post office total deposit
d. M1 + national saving certificate
Q. Consider the following statements: Full convertibility of the rupee may mean: [IAS 2002] 1. its free float with other international currencies. 2. its direct exchange with any other international currency at any prescribed place inside and outside the country. 3. it acts just like any other international currency. Which of these statements are correct?
a. 1 and 2
b. 1 and 3
c. 2 and 3
d. 1, 2 and 3
Q. Which of the following Mahatma Gandhi series of currency notes issued by the RBI hasa drawing of the 'Parliament House' depicted on it? [SSC Graduate 2003]
a. Rs. 500
b. Rs. 100
c. Rs. 50
d. Rs. 10
Q. Which of the following Mahatma Gandhi series of currency notes issued by the RBI has "ecology" depicted on it? [SSC Graduate 2003]
a. Rs. 500
b. Rs. 100
c. Rs. 50
d. Rs. 5
Q. All of the following are subsidiaries of the State Bank of India, except:
a. State Bank of Bikaner and Jaipur
b. Central Bank of India
c. State Bank of Hyderabad
d. State Bank of Patiala
Q. Word Bull and Big are associated with which branch of commercial activity? [UP PCS 2002]
a. Foreign Trade
b. Banking
c. Share Market
d. Manufacturing