{"id":142,"date":"2024-03-06T11:57:34","date_gmt":"2024-03-06T11:57:34","guid":{"rendered":"https:\/\/webiqquiz.com\/?p=142"},"modified":"2024-03-06T11:57:34","modified_gmt":"2024-03-06T11:57:34","slug":"indian-economy-multiple-choice-questions-mcqs-for-ssc-state-and-others","status":"publish","type":"post","link":"https:\/\/webiqquiz.com\/indian-economy-multiple-choice-questions-mcqs-for-ssc-state-and-others\/","title":{"rendered":"Indian Economy Multiple Choice Questions (MCQs) for SSC, State and Others"},"content":{"rendered":"

Indian Economy Multiple Choice Questions (MCQs) for SSC, State and Others<\/h2>\n

1.Bring out the qualitative control instrument of Reserve Bank of India from the given statements?<\/h3>\n[A] RBI increases Reverse Repo rate in the quarterly review of the monetary policy
\n[B] RBI decreases the CRR rate in the quarterly review of the monetary policy
\n[C] RBI decreases the Bank rate in the quarterly review of the monetary policy
\n[D] RBI announces selective credit control in the quarterly review of the monetary policy<\/p>\n
<\/span>Show Answer<\/div>
\nCorrect Answer: D [RBI announces selective credit control in the quarterly review of the monetary policy]\nNotes:
\nSelective credit control is a qualitative measure taken by the Reserve Bank of India to control the flow of credit in the economy. It involves imposing credit restrictions on specific sectors or activities to ensure the proper use of credit.
\n<\/div><\/div>\n

2.Approximately what fraction of India\u2019s rubber is produced by Kerala?<\/h3>\n[A] 60%
\n[B] 70%
\n[C] 80%
\n[D] 90%<\/p>\n
<\/span>Show Answer<\/div>
\nCorrect Answer: D [90%]\nNotes:
\nKerala is a major producer of rubber in India, contributing to approximately 90% of the country’s total rubber production.
\n<\/div><\/div>\n

3.Consider the following statements:
\n1. There is almost no speculation in the G-sec market
\n2. The Investors in the G-Sec Market are predominantly the institutions
\n3. Which among the above statements is \/ are correct<\/h3>\n[A] Only 1 is correct
\n[B] Only 2 is correct
\n[C] Both 1 & 2 are correct
\n[D] Neither 1 nor 2 is correct<\/p>\n
<\/span>Show Answer<\/div>
\nCorrect Answer: C [Both 1 & 2 are correct]\nNotes:
\nSpeculation in the G-sec market is minimal, and the majority of investors in the G-Sec market are institutional investors.
\n<\/div><\/div>\n

4.If there is an increase in the external commercial borrowings in India. What will be the impact on the external debt of the country<\/h3>\n[A] Increase
\n[B] Decrease
\n[C] Remain unaffected
\n[D] Either increase or decrease<\/p>\n
<\/span>Show Answer<\/div>
\nCorrect Answer: A [Increase]\nNotes:
\nAn increase in external commercial borrowings leads to an increase in the external debt of the country.
\n<\/div><\/div>\n

5.The provisions relating to promissory notes have been incorporated in which among the following acts?<\/h3>\n[A] Indian Contract Act
\n[B] Indian Partnership Act
\n[C] Negotiable Instruments Act
\n[D] None of the above<\/p>\n
<\/span>Show Answer<\/div>
\nCorrect Answer: C [Negotiable Instruments Act]\nNotes:
\nThe provisions related to promissory notes are incorporated in the Negotiable Instruments Act.
\n<\/div><\/div>\n

6.In context with Banking, which among the following is the nearest meaning of Amortization?<\/h3>\n[A] Repayment of Principal and Interest
\n[B] Repayment of Principal
\n[C] Repayment of loan in one lump sum
\n[D] None of the above is a correct answer<\/p>\n
<\/span>Show Answer<\/div>
\nCorrect Answer: A [Repayment of Principal and Interest]\nNotes:
\nAmortization in banking refers to the repayment of both principal and interest over a period.
\n<\/div><\/div>\n

7.If the contribution of the agricultural sector is decreasing in a country\u2019s economy, then what conclusion can be drawn?<\/h3>\n[A] The country is growing in the direction of being a developed nation
\n[B] The country is moving towards becoming a developing nation
\n[C] The country is moving towards becoming a less developed nation
\n[D] The economic growth rate of the country has stopped<\/p>\n
<\/span>Show Answer<\/div>
\nCorrect Answer: A [The country is growing in the direction of being a developed nation]\nNotes:
\nA decrease in the contribution of the agricultural sector often indicates that the country is progressing towards becoming a developed nation, with a higher focus on industrial and service sectors.
\n<\/div><\/div>\n

8.What do we call the banking oriented towards mass welfare and financial inclusion of the poor?<\/h3>\n[A] Mass Banking
\n[B] Narrow banking
\n[C] Social banking
\n[D] None of the above<\/p>\n
<\/span>Show Answer<\/div>
\nCorrect Answer: C [Social banking]\nNotes:
\nSocial banking is a concept where banking services are oriented towards mass welfare and financial inclusion of the poor and vulnerable segments of society.
\n<\/div><\/div>\n

9.When was Liberalised Remittance Scheme established?<\/h3>\n[A] February 1th, 2005
\n[B] February 4th, 2004
\n[C] February 7th, 2002
\n[D] February 8th, 2006<\/p>\n
<\/span>Show Answer<\/div>
\nCorrect Answer: B [February 4th, 2004]\nNotes:
\nLiberalised Remittance Scheme (LRS) was established by the Reserve Bank of India on February 4th, 2004, allowing citizens to transfer funds abroad for permitted transactions.
\n<\/div><\/div>\n

10.For which of the following purpose World Bank loan is given?<\/h3>\n[A] Make available the currency of a particular country in case of shortage
\n[B] Countries for sound projects for development purposes
\n[C] Improve the social and cultural conditions of a country
\n[D] None of these<\/p>\n
<\/span>Show Answer<\/div>
\nCorrect Answer: B [Countries for sound projects for development purposes]\nNotes:
\nWorld Bank loans are provided to countries for sound projects aimed at promoting economic development and addressing various developmental challenges.
\n<\/div><\/div>\n

11.Consider the following statements:
\n1. Stock Exchanges and Future Markets are placed under the union list of Indian Constitution
\n2. Bombay Cotton Trade Association was the first organized futures market in India
\n3. Which of the above statements is\/are correct?<\/h3>\n[A] 1 Only
\n[B] 2 Only
\n[C] Both 1 & 2
\n[D] Neither 1 nor 2<\/p>\n
<\/span>Show Answer<\/div>
\nCorrect Answer: C [ Both 1 & 2 ]\nNotes:
\nBoth are correct statements.
\nThe first statement is correct because stock exchanges and future markets both are placed under the union list of the Indian Constitution. The second statement is also correct because the first organized futures market was established in 1875, under the name of \u2018Bombay Cotton Trade Association\u2019 to trade in cotton derivative contracts.
\n<\/div><\/div>\n

12.What is the full form of FLC?<\/h3>\n[A] Financial Leasing Company
\n[B] Finance Lending Company
\n[C] Financial Leasing Company of India Limited
\n[D] None of the Above<\/p>\n
<\/span>Show Answer<\/div>
\nCorrect Answer: C [Financial Leasing Company of India Limited]\nNotes:
\nFirst Leasing Company of India Limited (FLC) was set up in 1973. Lease financing has increased with a compound rate of 24% over the period.
\n<\/div><\/div>\n

13.In which year, the second round of Bank nationalisation was done?<\/h3>\n[A] 1979
\n[B] 1974
\n[C] 1980
\n[D] 1988<\/p>\n
<\/span>Show Answer<\/div>
\nCorrect Answer: C [1980]\nNotes:
\nThe second round of nationalisations of six more commercial banks followed in 1980, after which the Government of India controlled around 91% of the banking business of India.
\n<\/div><\/div>\n

14.Coastal Bank, India\u2019s first local Area Bank, operates in which state?<\/h3>\n[A] Gujarat
\n[B] Andhra Pradesh
\n[C] Karnataka
\n[D] Tamil Nadu<\/p>\n
<\/span>Show Answer<\/div>
\nCorrect Answer: B [Andhra Pradesh]\nNotes:
\nCoastal Bank operates in one of the most prosperous regions of India; the five districts of Krishna, Guntur, West Godavari, East Godavari, and Visakhapatnam in Andhra Pradesh. The Bank has 50 branches in these five districts with the Corporate Office in Vijayawada.
\n<\/div><\/div>\n

15.Which of the following best defines the Rolling Plan?<\/h3>\n[A] Formulation of annual plans
\n[B] Perspective of Five-Year Plan with the provision of extending by one year at a time so that there would be a constant planning horizon of five years
\n[C] Aims and achievements reviewed every year in a Five-Year Plan
\n[D] Plan for full 5 years<\/p>\n
<\/span>Show Answer<\/div>
\nCorrect Answer: B [Perspective of Five-Year Plan with the provision of extending by one year at a time so that there would be a constant planning horizon of five years]\nNotes:
\nRolling plans are designed to continue over a period and are subject to regular review and updating. The Janta Government terminated the fifth five-year plan in 1977-78 and launched its own sixth five-year plan for the period 1978-83, calling it a Rolling Plan.
\n<\/div><\/div>\n

16.Which of the following was the single largest component in the non-plan expenditure during 1991-92?<\/h3>\n[A] Interest payment
\n[B] Compensation to banks in respect of the amount spent as loan waiving
\n[C] Subsidies on fertilizer
\n[D] Compensation on the loss incurred by PSUs<\/p>\n
<\/span>Show Answer<\/div>
\nCorrect Answer: A [Interest payment]\nNotes:
\nInterest payments during 1991-92 were estimated at Rs. 27450 crores. The single largest component of non\u2013plan expenditure was interest payments.
\n<\/div><\/div>\n

17.Who among the following received Noble Prize for Economics in 2019?
\n1. Abhijit Banerjee
\n2. Esther Duflo
\n3. Geary Becker
\n4. Michael Kremer
\n5. Krugman
\nChoose the correct option from the choices given below:<\/h3>\n[A] 1,2,3 and 4 only
\n[B] 1,2 and 5 only
\n[C] 1,2 and 4 only
\n[D] 3,4 and 5 only<\/p>\n
<\/span>Show Answer<\/div>
\nCorrect Answer: C [1,2 and 4 only]\nNotes:
\nAbhijit Vinayak Banerjee, Esther Duflo, and Michael Kremer shared the 2019 Nobel Memorial Prize in Economic Science for their experimental approach to alleviating global poverty.
\n<\/div><\/div>\n

18.Which of the following activities comes under the tertiary sector?<\/h3>\n[A] Agriculture, dairying, forestry
\n[B] Manufacturing of automobiles, construction of houses
\n[C] Communication and banking
\n[D] None of the above<\/p>\n
<\/span>Show Answer<\/div>
\nCorrect Answer: C [Communication and banking]\nNotes:
\nThe service sector is concerned with the intangible aspect of offering services to consumers and businesses. It involves the retail of manufactured goods and provides services, such as insurance and banking.
\n<\/div><\/div>\n

19.Who suggested the rolling plan for backward countries?<\/h3>\n[A] Gunnar Myrdal
\n[B] Amartya Sen
\n[C] R.Samuelson
\n[D] M.R.Lewis<\/p>\n
<\/span>Show Answer<\/div>
\nCorrect Answer: A [Gunnar Myrdal]\nNotes:
\nThe Rolling Plan for backward countries was suggested by Gunnar Myrdal. The rolling plan consists of three different steps: First, a plan for the current year, which includes the annual budget. Second, a plan fixed for a fixed number of years, say three-four or five years. As per the requirement of the economy, it is revised every year. Third, a perspective plan for 10, 15, or 20 years.
\n<\/div><\/div>\n

20.Approximately, what fraction of India\u2019s Gross Value Added (GVA) for the year 2019-20 is contributed by Agriculture and Allied Activities?<\/h3>\n[A] 18%
\n[B] 24%
\n[C] 27%
\n[D] 12%<\/p>\n
<\/span>Show Answer<\/div>
\nCorrect Answer: A [18%]\nNotes:
\nThe Gross Value Added by agriculture, forestry, and fishing is estimated at Rs 18.55 lakh crore (US$ 265.51 billion) in FY19. This accounts for approximately 17.8 per cent of the country\u2019s Gross Value Added (GVA) for the year 2019-20 (at current prices). [Source: Economic Survey 2020-21]\n<\/div><\/div>\n

21.Who is the current (February, 2021) Chairman of PM Economic Advisory Council?<\/h3>\n[A] Raghuram Rajan
\n[B] I.G. Patel
\n[C] Bibek Debroy
\n[D] Kaushik Basu<\/p>\n
<\/span>Show Answer<\/div>
\nCorrect Answer: C [Bibek Debroy]\nNotes:
\nBibek Debroy is an Indian economist, author, and bureaucrat. Debroy has made significant contributions to game theory, economic theory, income, and social inequalities, poverty, law reforms, railway reforms, and Indology among others. He is currently the chairman of the PM Economic Advisory Council.
\n<\/div><\/div>\n

22.When was the first woollen textile mill established in India?<\/h3>\n[A] 1876
\n[B] 1900
\n[C] 1899
\n[D] 1857<\/p>\n
<\/span>Show Answer<\/div>
\nCorrect Answer: A [1876]\nNotes:
\nThe first woollen textiles mill was set up in 1876 at Kanpur because Kanpur was the principal depot for the British Indian Army. The industry did not flourish due to a short winter and long summer in India leading to inadequate demand. Also, the textiles produced were of poor quality. After independence, there was rapid development of the industry mainly as an export-oriented industry.
\n<\/div><\/div>\n

23.In which year the first modern jute mill established?<\/h3>\n[A] 1867
\n[B] 1855
\n[C] 1893
\n[D] 1857<\/p>\n
<\/span>Show Answer<\/div>
\nCorrect Answer: B [1855]\nNotes:
\nThe first modern jute mill in India was set up at Rishra near Kolkata in 1855. It was power loomed in 1859 and included both spinning and weaving.
\n<\/div><\/div>\n

24.What is the export target of mobile handsets by 2025 according to the National Electronic Manufacturing policy 2019?<\/h3>\n[A] 200 million
\n[B] 600 million
\n[C] 900 million
\n[D] 500 million<\/p>\n
<\/span>Show Answer<\/div>
\nCorrect Answer: B [600 million]\nNotes:
\nAccording to the National Electronic Manufacturing policy 2019, there is a manufacturing target of 1 billion mobile handsets by 2025, valued at US$ 190 billion. Out of which 600 million mobile handsets valued at US$ 110 billion is for export.
\n<\/div><\/div>\n

25.Which among the following is a Public sector undertaking?<\/h3>\n[A] SAIL
\n[B] TISCO
\n[C] Mahindra
\n[D] Maruti Suzuki<\/p>\n
<\/span>Show Answer<\/div>
\nCorrect Answer: A [SAIL]\nNotes:
\nThe Public sector undertakings are Government agencies owned and operated by these industries, e.g., SAIL, BHEL, ONGC, etc.
\n<\/div><\/div>\n

26.What is the share of Capital goods in the manufacturing industry?<\/h3>\n[A] 12%
\n[B] 24%
\n[C] 32%
\n[D] 10%<\/p>\n
<\/span>Show Answer<\/div>
\nCorrect Answer: A [12%]\nNotes:
\nThe share of Capital goods in the manufacturing industry is 12%. The capital goods industry had an overall production figure amounting to $13.6 bn. Capital Goods industry in India provides approximately 1.4 mn direct and 7 mn indirect jobs.
\n<\/div><\/div>\n

27.What is the percentage of the working class in the service industry?<\/h3>\n[A] 31.45%
\n[B] 20.45%
\n[C] 39.02%
\n[D] 51.54%<\/p>\n
<\/span>Show Answer<\/div>
\nCorrect Answer: A [31.45%]\nNotes:
\n31.45% of the working class is employed in the service industry. The service sector contributes 55.39% to GDP.
\n<\/div><\/div>\n

28.Which is the top gold-producing country in the world?<\/h3>\n[A] China
\n[B] USA
\n[C] Russia
\n[D] None of the above<\/p>\n
<\/span>Show Answer<\/div>
\nCorrect Answer: A [China]\nNotes:
\nThe top 3 gold-producing countries in the world:
\n1. China
\n2. Australia
\n3. USA
\n<\/div><\/div>\n

29.What is the minimum radial distance between 2 sugarcane mills?<\/h3>\n[A] 30 km
\n[B] 10 km
\n[C] 15 km
\n[D] 5 km<\/p>\n
<\/span>Show Answer<\/div>
\nCorrect Answer: C [15 km]\nNotes:
\nTo ensure a decent supply of sugarcane to each sugar mill, the central government has prescribed a minimum radial distance of 15 km between any two sugar mills.
\n<\/div><\/div>\n

30.When was Sugar development fund created?<\/h3>\n[A] 1988
\n[B] 1987
\n[C] 1984
\n[D] 1982<\/p>\n
<\/span>Show Answer<\/div>
\nCorrect Answer: D [1982]\nNotes:
\nSugar development fund was created in 1982. It was created to finance the sugar industry in the country. The loans were given to the mills for up-gradation and capacity enhancement.
\n<\/div><\/div>\n

31.What is the total area under Sugar Cultivation in India?<\/h3>\n[A] 3 million hectares
\n[B] 2.3 million hectares
\n[C] 5 million hectares
\n[D] 6.2 million hectares<\/p>\n
<\/span>Show Answer<\/div>
\nCorrect Answer: C [5 million hectares]\nNotes:
\nSugar Industry is the second largest agro-based industry in India. It is cultivated in about 5 million hectares in India.
\n<\/div><\/div>\n

32.Which institution releases All India Survey on Higher Education?<\/h3>\n[A] NITI Aayog
\n[B] Pratham NGO
\n[C] Ministry of HRD
\n[D] None of the above<\/p>\n
<\/span>Show Answer<\/div>
\nCorrect Answer: C [Ministry of HRD]\nNotes:
\nMinistry of HRD releases All India Survey on Higher Education. It covers all the institutions in the country that impart higher education.
\n<\/div><\/div>\n

33.What is the maximum maturity period for Inter Bank Term money?<\/h3>\n[A] 2 months
\n[B] 14 days
\n[C] 3 months
\n[D] 6 months<\/p>\n
<\/span>Show Answer<\/div>
\nCorrect Answer: C [3 months]\nNotes:
\nThe maximum maturity period for Inter Bank Term money is 3 months. The call money has a maximum maturity of 14 days.
\n<\/div><\/div>\n

34.What is the minimum net worth of a corporate to issue a commercial paper?<\/h3>\n[A] 1 crore
\n[B] 4 crores
\n[C] 50 lakhs
\n[D] 10 lakhs<\/p>\n
<\/span>Show Answer<\/div>
\nCorrect Answer: B [4 crores]\nNotes:
\nThe minimum net worth of a corporate to issue a commercial paper is 4 crores. The commercial paper is short-term unsecured promissory notes.
\n<\/div><\/div>\n

35.Which among the following are types of Mutual funds?
\n1. Open Ended funds
\n2. Closed Ended funds
\n3. Share market funds<\/h3>\n[A] 1 and 3 only
\n[B] 1 and 2 only
\n[C] 2 and 3 only
\n[D] 3 only<\/p>\n
<\/span>Show Answer<\/div>
\nCorrect Answer: B [1 and 2 only]\nNotes:
\nThe following are types of Mutual funds:
\n1. Open Ended funds \u2013 They issue shares to investors directly
\n2. Closed Ended funds \u2013 They issue shares collectively and not to customers directly individually
\n<\/div><\/div>\n

36.In which year FMC was merged with SEBi?<\/h3>\n[A] 2011
\n[B] 2014
\n[C] 2015
\n[D] None<\/p>\n
<\/span>Show Answer<\/div>
\nCorrect Answer: D [None]\nNotes:
\nThe Forward Markets Commission was established in 1953. It was established to regulate commodity trading. It was merged with SEBI in 2015.
\n<\/div><\/div>\n

37.According to the data released by the RBI, how much capital has been mobilized through masala bonds in August 2020?<\/h3>\n[A] Rs. 495 cores
\n[B] Rs. 525 cores
\n[C] Rs. 501 cores
\n[D] Rs. 522 cores<\/p>\n
<\/span>Show Answer<\/div>
\nCorrect Answer: C [Rs. 501 cores]\nNotes:
\nMasala bonds are Indian currency-denominated bonds traded on foreign stock exchanges to raise capital for infrastructure projects. As per the data released by the Reserve Bank of India in August 2020, 8 companies have issued masala bonds and raised capital of Rs 501 crores.
\n<\/div><\/div>\n

38.Government will cover up to how much percentage of project costs through National Clean Energy Fund?<\/h3>\n[A] 50%
\n[B] 20%
\n[C] 60%
\n[D] 40%<\/p>\n
<\/span>Show Answer<\/div>
\nCorrect Answer: D [40%]\nNotes:
\nThe National Clean Energy Fund was started with the carbon tax collected through clean energy cess. The proceeds are used for funding clean energy projects. The government will provide financial support up to 40% of the total project cost.
\n<\/div><\/div>\n

39.Which of the following factors don\u2019t affect the demand for a commodity?<\/h3>\n[A] Price of commodity
\n[B] Income of individual consumer
\n[C] Want of the consumer
\n[D] Price of related good<\/p>\n
<\/span>Show Answer<\/div>
\nCorrect Answer: C [Want of the consumer]\nNotes:
\nDemand for a commodity is the quantity of that commodity which an individual (or buyer) is willing to purchase at different prices within a given period of time. Market demand means the total quantity of a commodity that all its buyers are willing to purchase at different prices over a given period of time. Demand for a commodity depends on a number of factors. The important factors that affect an individual’s demand for a commodity are: (i) price of the commodity, (ii) income of the individual consumer, (iii) price of related goods, and (iv) tastes and preferences of the individual.
\n<\/div><\/div>\n

40.National Food Security Act provides legal food security to what fraction of Indian Population?<\/h3>\n[A] 35%
\n[B] 50%
\n[C] 67%
\n[D] 78%<\/p>\n
<\/span>Show Answer<\/div>
\nCorrect Answer: C [67%]\nNotes:
\nThe National Food Security Act provides legal food security to 67% of the population of India. The eligible person gets Rice @Rs. 3 per Kg, Wheat @Rs. 2 per Kg, and Coarse Grains @Rs. 1 Kg per month, subject to a maximum of 5 Kg per month. These prices are fixed in the schedule of the act and can be amended after three years.
\n<\/div><\/div>\n

41.Which country has the largest Anthracite reserves in the world?<\/h3>\n[A] USA
\n[B] Australia
\n[C] Canada
\n[D] India<\/p>\n
<\/span>Show Answer<\/div>
\nCorrect Answer: A [USA]\nNotes:
\nThe United States of America is the top country by reserves of anthracite and bituminous coal in the world. The USA has about 219,534 million tons of Anthracite and Bituminous that account for 29.75% of the world\u2019s reserves of anthracite and bituminous coal.
\n<\/div><\/div>\n

42.As the number of investments made by a firm increases, what will be its internal rate of return?<\/h3>\n[A] declines due to diminishing marginal productivity
\n[B] declines because the market rate of interest will fall, ceteris paribus
\n[C] increases to compensate the firm for the current consumption foregone
\n[D] increases because the level of savings will fall<\/p>\n
<\/span>Show Answer<\/div>
\nCorrect Answer: C [increases to compensate the firm for the current consumption foregone]\nNotes:
\nInternal rates of return are commonly used to evaluate the desirability of investments or projects. The higher the internal rate of return of a project, the more desirable it is to undertake the project. A firm, in theory, makes all available projects or investments with an IRR that exceeds the cost of capital.
\n<\/div><\/div>\n

43.Equilibrium output is determined by which of the following?<\/h3>\n[A] the equality between total Variable cost and Marginal revenue
\n[B] the equality between Marginal cost and Marginal revenue
\n[C] the equality between Average cost and Average revenue
\n[D] the equality between total cost and total revenue<\/p>\n
<\/span>Show Answer<\/div>
\nCorrect Answer: D [the equality between total cost and total revenue]\nNotes:
\nAccording to marginal productivity theory, the reward or price of a factor unit depends on its productivity or its contribution to total product. When employing a factor, an employer compares the lost unit\u2019s marginal revenue productivity (MRP) and the factor\u2019s marginal cost. He will employ a factor up to the point where the reward paid to the factor is equal to his MRP. If MRP exceeds marginal cost, the employer increases his profit by employing more units of the factor. On the other hand, if the marginal cost of the factor is higher than the MRP, it will reduce employment to reduce its losses.
\n<\/div><\/div>\n

44.What is meant by disposable personal income?<\/h3>\n[A] Personal Income + Subsidies
\n[B] Personal Income \u2013 Subsidies
\n[C] Personal Income \u2013 Direct Taxes
\n[D] Personal Income \u2013 Indirect Taxes<\/p>\n
<\/span>Show Answer<\/div>
\nCorrect Answer: C [Personal Income \u2013 Direct Taxes]\nNotes:
\nDisposable income, also known as disposable personal income (DPI), is the amount available to households for spending and saving against income taxes.
\nDPI = Personal Income \u2013 Income tax paid is an example of a direct tax.
\nSo, DPI = Personal Income \u2013 Direct Taxes
\n<\/div><\/div>\n

45.In which year Rashtriya Krishi Bima Yojana was launched?<\/h3>\n[A] 1992
\n[B] 1998
\n[C] 1999
\n[D] 1996<\/p>\n
<\/span>Show Answer<\/div>
\nCorrect Answer: C [1999]\nNotes:
\nThe Rashtriya Krishi Bima Yojna was introduced in 1999. The scheme provides comprehensive risks insurance against yield losses viz. Drought, Hailstorm, Floods, Pests Disease etc. It is implemented by the Agriculture Insurance Corporation of India (AIC).
\n<\/div><\/div>\n

46.Which state has launched Matru Poorna Yojana to meet the nutritional needs of pregnant and lactating women in rural areas of the state?<\/h3>\n[A] Uttar Pradesh
\n[B] Karnataka
\n[C] Haryana
\n[D] Punjab<\/p>\n
<\/span>Show Answer<\/div>
\nCorrect Answer: B [Karnataka]\nNotes:
\nKarnataka government launched the \u2018Mathru Poorna\u2019 program to meet the nutritional needs of pregnant and lactating women in rural areas. Under the program, pregnant and lactating women in rural areas will receive one nutritious meal a day for 25 days a month.
\n<\/div><\/div>\n

47.The term stagflation refers to the situation where?<\/h3>\n[A] growth has no relation with the change in prices
\n[B] rate of growth and prices both are decreasing
\n[C] rate of growth is faster than the rate of price increase
\n[D] rate of growth is slower than the rate of price increase<\/p>\n
<\/span>Show Answer<\/div>
\nCorrect Answer: D [rate of growth is slower than the rate of price increase]\nNotes:
\nStagflation is a situation in which the rate of inflation is high, the rate of economic growth slows down and unemployment remains consistently high. Stagflation occurs when the economy is not growing but prices are. This largely happened during the 1970s, when world oil prices increased dramatically, leading to sharp inflation in developed countries. For these countries, the stagnation exacerbated the effects of inflation.
\n<\/div><\/div>\n

48.Who regulates the insurance sector in India?<\/h3>\n[A] RBI
\n[B] CII
\n[C] IRDA
\n[D] SEBI<\/p>\n
<\/span>Show Answer<\/div>
\nCorrect Answer: C [IRDA]\nNotes:
\nThe Insurance Regulatory and Development Authority (IRDA) is an autonomous apex statutory body that regulates and develops the insurance industry in India. It was constituted by the Indian Parliament Act called the Insurance Regulatory and Development Authority Act, 1999. The IRDA Act, 1999 was passed in accordance with the major recommendation of the Malhotra Committee Report (1994).
\n<\/div><\/div>\n

49.Imperial Bank was formed in which year?<\/h3>\n[A] 1930
\n[B] 1935
\n[C] 1955
\n[D] 1921<\/p>\n
<\/span>Show Answer<\/div>
\nCorrect Answer: D [1921]\nNotes:
\nThe Imperial Bank of India came into existence on 27 January 1921. It was the oldest and the largest commercial bank in the Indian subcontinent and was subsequently transformed into the State Bank of India in 1955.
\n<\/div><\/div>\n

50.Which of the following disburses long term credit to private industry in India?<\/h3>\n[A] Food Corporation of India
\n[B] Life Insurance Corporation of India
\n[C] Primary Credit Society
\n[D] Land Development Banks<\/p>\n
<\/span>Show Answer<\/div>
\nCorrect Answer: D [ Land Development Banks]\nNotes:
\nMedium and long term loans are disbursed to farmers through Primary Land Development Banks who get their finance from Central Land Development Banks which in turn get their finance from NABARD. As for short-term credit, it is disbursed to farmers through primary agricultural credit societies, which get their finances from central co-operative banks, who in turn get their finances from state co-operative banks.
\n<\/div><\/div>\n","protected":false},"excerpt":{"rendered":"

Indian Economy Multiple Choice Questions (MCQs) for SSC, State and Others 1.Bring out the qualitative control instrument of Reserve Bank of India from the given statements? [A] RBI increases Reverse Repo rate in the quarterly review of the monetary policy [B] RBI decreases the CRR rate in the quarterly review of the monetary policy [C] […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[],"_links":{"self":[{"href":"https:\/\/webiqquiz.com\/wp-json\/wp\/v2\/posts\/142"}],"collection":[{"href":"https:\/\/webiqquiz.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/webiqquiz.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/webiqquiz.com\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/webiqquiz.com\/wp-json\/wp\/v2\/comments?post=142"}],"version-history":[{"count":1,"href":"https:\/\/webiqquiz.com\/wp-json\/wp\/v2\/posts\/142\/revisions"}],"predecessor-version":[{"id":143,"href":"https:\/\/webiqquiz.com\/wp-json\/wp\/v2\/posts\/142\/revisions\/143"}],"wp:attachment":[{"href":"https:\/\/webiqquiz.com\/wp-json\/wp\/v2\/media?parent=142"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/webiqquiz.com\/wp-json\/wp\/v2\/categories?post=142"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/webiqquiz.com\/wp-json\/wp\/v2\/tags?post=142"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}