Indian Economy previous years question MCQ UPSC / SSC / competitive exams

Find (Indian Economy) Economics previous years asked question MCQ   UPSC / SSC / competitive exams  Online Practice Questions And Answers quiz

106 .All of the following are subsidiaries of the State Bank of India, except:
A.  State Bank of Bikaner and Jaipur
B.  Central Bank of India
C.  State Bank of Hyderabad
D.  State Bank of Patiala
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107 .With reference to India, which one of the following statements is NOT correct?
A.  BSNL is the first telecom service organization in India to launch a nationwide cellular service at one time
B.  MTNL is listed on NYSE
C.  IPCL is India's largest petrochemical company
D.  RIL is the largest private sector· company in India
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108 .The Nehru-Mahalanobis strategy of development guided the planning practice in India from the
A.  First Five-Year Plan to the Eighth Five-Year Plan
B.  Second Five-Year Plan to the Seventh Five-Year Plan
C.  First Five-Year Plan to the Sixth Five-Year Plan
D.  Fourth Five-Year Plan to the Eighth Five-Year Plan
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109 .Which of the following best defines the term Letter of Credit' as used frequently in bank transactions?
A.  Statement showing outstanding- deposits and credits of a bank for a particular period
B.  An order from a bank to another bank abroad authorising the payment of a particular amount to a person named in the letter
C.  An unconditional undertaking given by a bank ensuring the payment of a particular amount to the drawee at a given date
D.  Letter by a bank to a person stating the terms and conditions of the loan sanctioned to him by the bank
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110 .The main function of the Exim Bank is:
A.  to conserve foreign exchange
B.  to prevent unlicensed transaction
C.  to help RBI in the regulation of foreign exchange
D.  to promote exports and curtail imports
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111 .Which of the following are not correct assessments of the decades of India's Five-Year Plans?
1. There has been very low capital formation
2. Growth has favoured the better off
3. Production has increased substantially though often falling short of targets
4. The public sector has contributed nothing to economic growth
A.  3 and 4
B.  2 and 3
C.  1 and 4
D.  1, 2 and 3
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112 .The functions of the Reserve Bank of India are:
1. issuing all notes and coins
2. distributing all notes and coins
3. formulating monetary policy
4. acting as agent of Government in respect of India's membership of the IMF
A.  1, 2, 3 and 4
B.  1, 3 and 4
C.  2, 3 and 4
D.  2 and 3
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113 .EXIM Bank was set-up in :
A.  1986
B.  1982
C.  1985
D.  1980
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114 .The National Income is more at current prices than at constant prices because:
A.  increase in price is more than production
B.  increase in price is equal to increase in production
C.  increase in production is more than increase in price
D.  of decrease in production only
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115 .The cause of inflation is:
A.  increase in money supply
B.  decrease in money supply and fall in production
C.  fall in production
D.  increase in money supply and fall in production
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116 .Microeconomics is concerned with:
1. behaviour of industrial decision-makers
2. the level of employment
3. changes in the general level of prices
4. determination of prices of goods and services

A.  1 and 4
B.  1 and 2
C.  2 and 3
D.  3 and 4
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117 .Mashelkar Committee was constituted to report on :
A.  auto fuel policy
B.  black money
C.  constitutional changes
D.  economic policy
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118 .Sickness of small units can be because of the factors:
1. under-utilisation of capacity 2. non-payment by the large firms
3. dependence on borrowed funds
4. lack of management expertise

A.  1, 2 and 3
B.  3 and 4
C.  1, 2 and 4
D.  2, 3 and 4
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119 .What is 'Recession'?
A.  None of these
B.  Rise in the cost of production, especially because of wage increase
C.  Increase in money supply without a matching increase in production
D.  Reduction in production and employment for want of sufficient demand for goods
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120 .The annual financial statement shows the receipts and payments of the government under the 3 parts in which government accounts are kept in :
1. Consolidated Fund
2. Contingency Fund
3. Public Account
Which of the following items are covered under the Public Account?
A.  Funds placed at the disposal of the President
B.  Loans raised by the government
C.  All revenue received by the government
D.  Transactions relating to provident fund, small savings, etc.
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