ExamVeda
Login
Home

Indian Economy MCQ Questions and answers for practice | GK

Learn and practice General Knowledge questions and answers on Indian Economy with very easy and understandable explanations. GK questions are very helpful different type of competitive exams. Page-10 section-1

Each section contains 100 MCQs on Indian Economy .
91
Deficit financing leads to inflation in general, but it can be checked if
Discuss
Answer & Solution
Answer: Option D
Solution:
Deficit financing leads to inflation in general, but it can be checked if government expenditure leads to increase in the aggregate supply in ratio of aggregate demand, only aggregate demand is increased and all the expenditure is denoted national debt payment only.
92
If all the banks in an economy are nationalized and converted into a monopoly bank, the total deposits
Discuss
Answer & Solution
Answer: Option C
Solution:
If all the banks in an economy are nationalized and converted into a monopoly bank, the total deposits will neither increase nor decrease.
93
India changed over to the decimal system of coinage in
Discuss
Answer & Solution
Answer: Option B
Solution:
India shifted to decimal system of coinage in April 1957. 'Naya paisa' is the legend that can be seen in the new coins printed between 1957-1964.
94
The association of the rupee with pound sterling as the intervention currency was broken in
Discuss
Answer & Solution
Answer: Option C
Solution:
The association of the rupee with pound sterling as the intervention currency was broken in 1992.
95
On which one of the following is the benefits received principle of taxation to achieve optimality bases?
Discuss
Answer & Solution
Answer: Option D
Solution:
On ability to pay for the benefit is the benefits received principle of taxation to achieve optimality bases.
96
One of the reasons for India's occupational structure remaining more or less the same over the years has been that
Discuss
Answer & Solution
Answer: Option A
Solution:
One of the reasons for India's occupational structure remaining more or less the same over the years has been that investment pattern has been directed towards capital intensive industries.
97
Gross domestic capital formation is defined as
Discuss
Answer & Solution
Answer: Option D
Solution:
Gross domestic capital formation refers to the net increase in the physical asset by the household, public, and government sector within the measurement period of the economy.Dec 26, 2019
98
On July 12, 1982, the ARDC was merged into
Discuss
Answer & Solution
Answer: Option B
Solution:
On July 12, 1982, the ARDC was merged into NABARD.
99
Which of the following is the most appropriate cause of export surplus?
Discuss
Answer & Solution
Answer: Option C
Solution:
Developments in national and international market is the most appropriate cause of export surplus.
100
If the cash reserve ratio is lowered by the RBI, its impact on credit creation will be to
Discuss
Answer & Solution
Answer: Option A
Solution:
If the cash reserve ratio is lowered by the RBI, its impact on credit creation will be to increase it.