Indian Economy MCQs

Welcome to our comprehensive collection of Multiple Choice Questions (MCQs) on Indian Economy, a fundamental topic in the field of General Knowledge. Whether you're preparing for competitive exams, honing your problem-solving skills, or simply looking to enhance your abilities in this field, our Indian Economy MCQs are designed to help you grasp the core concepts and excel in solving problems.

In this section, you'll find a wide range of Indian Economy mcq questions that explore various aspects of Indian Economy problems. Each MCQ is crafted to challenge your understanding of Indian Economy principles, enabling you to refine your problem-solving techniques. Whether you're a student aiming to ace General Knowledge tests, a job seeker preparing for interviews, or someone simply interested in sharpening their skills, our Indian Economy MCQs are your pathway to success in mastering this essential General Knowledge topic.

Note: Each of the following question comes with multiple answer choices. Select the most appropriate option and test your understanding of Indian Economy. You can click on an option to test your knowledge before viewing the solution for a MCQ. Happy learning!

So, are you ready to put your Indian Economy knowledge to the test? Let's get started with our carefully curated MCQs!

Indian Economy MCQs | Page 3 of 8

Discover more Topics under General Knowledge

Q21.
The currency convertibility concept in its original form originated in

a.

Wells Agreement

b.

Bretton Woods Agreement

c.

Taylors Agreement

d.

None of the above

Discuss
Answer: (b).Bretton Woods Agreement
Q22.
In the state of India, the State Financial Corporation have given assistance mainly to develop

a.

agricultural farms

b.

cottage industry

c.

large-scale industries

d.

medium and small-scale industries

Discuss
Answer: (d).medium and small-scale industries
Q23.
The central co-operative banks are in direct touch with

a.

farmers

b.

state co-operative banks

c.

land development banks

d.

central government

Discuss
Answer: (b).state co-operative banks
Q24.
The first wholly Indian Bank was set up in

a.

1794

b.

1894

c.

1896

d.

1902

Discuss
Answer: (b).1894
Q25.
States earn maximum revenue through

a.

land revenue

b.

custom revenue

c.

commercial taxes

d.

excise duties on intoxicants

Discuss
Answer: (c).commercial taxes
Q26.
Our financial system has provided for the transfer of resources from the centre to the states; the important means of resource transfer are

a.

tax sharing

b.

grant-in-aids

c.

loans

d.

All the above

Discuss
Answer: (d).All the above
Q27.
Debenture holders of a company are its

a.

shareholders

b.

creditors

c.

debtors

d.

directors

Discuss
Answer: (b).creditors
Q28.
Excise duty is a tax levied on the

a.

import of goods

b.

export of goods

c.

production of goods

d.

sale of goods

Discuss
Answer: (c).production of goods
Q29.
In pursuance with the recommendations of Narsimhan Committee, the RBI has framed new guidelines

a.

to govern entry of new private sector banks to make the banking sector more competitive

b.

to reduce the freedom given to banks to rationalize their existing branch network

c.

to setup more foreign exchange banks

d.

to lend more easily for industrial development

Discuss
Answer: (a).to govern entry of new private sector banks to make the banking sector more competitive
Q30.
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.

Essar Oil

c.

GAIL

d.

ONGC

Discuss
Answer: (b).Essar Oil
Page 3 of 8