Indian economy mcq questions and answers for competitive exams

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Indian economy mcq questions and answers for competitive exams UPSC SSC , SSC CGL, upsc Civils , Entrance exams Online test practice online free Quiz, mock practice online
76.
Industrial Development Bank of India (IDBI) established in

a
1965
b
1964
c
1966
d
1967

77.
Our financial system has provided for the transfer of resources from the centre to the states; the important means of resource transfer are

a
loans
b
tax sharing
c
grant-in-aids
d
All the above

78.
A firm sells new shares worth Rs. 1,000 direct to individuals. This transaction will cause:

a
Gross Domestic Product to rise by Rs. 1,000
b
Gross National Product to rise by Rs. 1,000
c
National Incometo rise by Rs. 1,000
d
No impact on Gross National Income

79.
The scope of land reforms does not include

a
abolition of intermediaries
b
consolidation of land holidays
c
cooperative farming
d
housing loans to farmers

80.
NABARD was established in the:

a
Fifth Five Year Plan
b
Fourth Five Year Plan
c
Sixth Five Year Plan
d
Eighth Five Year Plan

81.
Which of the following plans aimed at improving the standard of living?

a
Fifth Plan
b
Fourth Plan
c
Third Plan
d
Sixth Plan

82.
The Wage Policy in India is based on

a
cost of living
b
productivity
c
standard of living
d
None of these

83.
Which of the following is the first Indian private company to sign an accord with Government of Myanmar for oil exploration in two offshore blocks in that country?

a
Reliance Energy
b
GAIL
c
Essar Oil
d
ONGC

84.
Excies duties are taxes on

a
export ofcommodities
b
import of commodities
c
sale of commodities
d
production ofcommodities

85.
The base year for computation of National Income in India is

a
1999-2000
b
1993-1994
c
1990-1991
d
2000-2001

86.
Balance sheet shows

a
Both assets and liabilities
b
Liabilities
c
Assets
d
Neither of them

87.
In an oligopolistic or monopolistically competitive market, firms do not raise their prices because even a small price increase will lose many customers. Which among the following is the most suitable

a
Kinked Demand
b
Supracompetitive pricing
c
Swing Demand
d
Imperfect competition

88.
Which of the following bank is going to be merged at first with SBI?

a
State Bank of Patiala
b
State Bank of Indore
c
State Bank of Saurashtra
d
State Bank of Bikaner and Jaipur

89.
Fiscal deficit in the Union Budget means

a
the difference between current expenditure and current revenue
b
the sum of budgetary deficit and net increase in internal and external borrowings
c
net increase in Union Governments borrowings from the Reserve Bank of India
d
the sum of monetized deficit and budgetary deficit

90.
Which one of the following bodies finalizes the Five Year Plan Proposals?

a
Union Cabinet
b
Palnning Commission
c
National Development Council
d
Ministry of Planning

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