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Indian Economy Online Quiz
Following quiz provides Multiple Choice Questions (MCQs) related to Indian Economy. You will have to read all the given answers and click over the correct answer. If you are not sure about the answer then you can check the answer using Show Answer button. You can use Next Quiz button to check new set of questions in the quiz.
Q 1 - During which Five Year Plan, Pradhan Mantri Rozgar Yojana was started?
Answer : D
Explanation
Pradhan Mantri Rozgar Yojana was started in 1993.
Q 2 - The Community Development Program (CDP) was implemented in
Answer : A
Explanation
The objective of CDP was the overall development of rural area with peoples participation.
Q 3 - Consider the following statements:
1. The banks, which are incorporated in the second schedule of the Indian Constitution, is known as schedule bank.
2. The schedule banks have a paid-up capital and reserves of an aggregate value and follow the RBI rules.
Choose the correct answer from the codes given below:
Answer : B
Explanation
The banks, which are incorporated in the second schedule of the RBI Act, 1934, is known as schedule bank.
Q 4 - A short period loan, taken to make up the temporary shortage of cash, is known as
Answer : A
Explanation
It is also known as caveat loan.
Q 5 - Which among the following regions is not a jute center?
Answer : D
Explanation
Located in Uttar Pradesh, Agra is largely known for leather goods.
Q 6 - Which among the following is known for Embroidery works?
Answer : A
Explanation
Pottery and brassware are also popular in Jaipur.
Q 7 - What is the limit of Foreign Direct Investment (FDI) in the sector of Pharmaceuticals (Green Field)?
Answer : A
Explanation
N/A
Q 8 - Which one of the following terms correctly defines the difference between GNP and NNP?
Answer : A
Explanation
Net National Product = Gross National Product Depreciation.
Q 9 - Which among the following correctly defines the term price floor?
A - The minimum (legal) price of a product
B - Rules of government to that fixes price of handicraft products
Answer : A
Explanation
A price floor is a government-imposed fixed (minimum) price i.e. controlling or limiting - how low a price is charged for a particular product.
Answer : D
Explanation
The headquarters of Barclays bank is located in London, United Kingdom.
Q 11 - Consider the following statements:
1. The condition in which, people work for lesser hours than they wish for, is known as underemployment.
2. The situation in which, people seem to be employed, but actually they are unemployed, is known as disguised unemployment.
Choose the correct answer from the codes given below:
Answer : C
Explanation
N/A
Q 12 - Mudra Bank Yojana, launched by Narendra Modi Government, was implemented in
Answer : A
Explanation
One of the major objectives of the scheme is to provide loan to small businesses.
Q 13 - Rakesh Mohan Committee is related to
Answer : B
Explanation
N/A
Q 14 - Hindustan antibiotics Ltd. is located in
Answer : C
Explanation
N/A
Q 15 - Beti Bachao Beti Padhao Yojana, launched by Narendra Modi Government, was implemented in
Answer : A
Explanation
The yojana was launched with the objective to generate awareness related to welfare service intended for girl child and women.
Answer : A
Explanation
Number of nationalized bank is 19; number of state banks and its associates is 6; and there are two public sector banks.
Answer : C
Explanation
The objective of NRY is to provide employment to urban unemployed.
Q 18 - Tiruchirapalli is known for
Answer : D
Explanation
Tiruchirapalli is located in Tamil Nadu
Q 19 - Second Five Year Plan was based on
Answer : B
Explanation
The period of Second Five Year Plan was 1956 61.
Q 20 - Consider the following statements:
1. Inflation is a condition in which the prices of goods and services rise and at the same time value of money fall on hand-in-hand.
2. The condition in which the money circulation exceeds the production of goods and services, known as the state of inflation.
Choose the correct answer from the codes given below:
Answer : C
Explanation
N/A