Indian Economy MCQ | Part -2 | Quickbytes

Learn and Practice Indian Economy MCQ and Quiz . QuickBytes Indian Economy MCQ and Quiz Part 2 is for students to prepare interviews, competitive examinations, and entrance tests.

1. Which organisation releases World Economic Outlook?

World Customs Organisation
International Monetary Fund
Central Banks
World Bank

2. The terms 'Micro Economics' and "Macro Economics" were coined by (SSC CGL 2nd Sit. 2010)

Alfred Marshall
Ragner Nurkse
Ragner Fiscer
J.M. Keynes

3. Who is the father of “Macroeconomics”?

J.M Keynes
Alfred Marshall
Ragner Fiscer
Ragner Nurkse

4. Which country created the world’s first paper money?

India
Rome
China
United States

5. What is the meaning of Cash Reserve Ratio?

Government Securities
RBI Deposits
Other bank’s deposits as mandated by RBI
Amount to be used during depression

6. What is the repo rate as decided by RBI?

3%
3.5%
4%
4.5%

7. Can banks earn interest or profit on Cash Reserve Ratio?

Yes
No
It depends on government
It depends on RBI

8. What is the time limit of RBI Monetary Policy?

One year
Six months
Three months
Two months

9. Which one is the objective of Monetary Policy?

To achieve price stability
To control business cycles
To provide full employment
All of the above

10. There are how many public sector banks in India?

10
12
20
22

11. Term “Green Bond” is related to?

1. Raise money for international borders
2. Raise money for environmental projects
3. Raise money to recover the damage caused by global warming
4. Raise money to control pollution

12. Who is the first Finance Minister of independent India?

1. Indira Gandhi
2. Baldev Singh
3. R.K. Shanmugham Chetty
4. Amrita Kaur

13. What is the theme of Economic Survey of year 2021?

1. Saving Lives and Livelihoods
2. Save people from viruses
3. Atmanirbhar Bharat
4. Help COVID-19 warriors

14. What is the shape of economic recovery after lockdown?

L
U
W
V

15. What is the estimation of growth of real GDP in 2021-22 according to Economic Survey?

9%
10%
11%
12%

16. Bare Necessities Index summarises how many indicators?

24
25
26
27

17. Union Budget 2021 proposes central university in which Union Territory?

Jammu & Kashmir
Ladakh
Chandigarh
None

18. According to Union Budget 2021, 100% electrification of railways will be completed in which year?

2022
2025
2023
2030

19. Union Budget 2021 proposes to increase the FDI limit to which percentage?

1. 54%
2. 64%
3. 74%
4. 84%

20. Who presented India’s first ever budget?

Jawahar Lal Nehru
C. Rajagopalachari
Lord Mountbatten
James Wilson

21. Who presented the budget maximum number of times?

Indira Gandhi
Morarji Desai
R.K Shanmukham Chetty
Pranav Mukherjee

22. Who is the father of Regional Rural Banks (RRB)?

M. Swaminathan
R K Shanmukham Chetty
Jawahar Lal Nehru
Pratibha Patil

23. In the abbreviation of APEDA, what does P stand for?

Processed Food Products
Pisciculture
Promotion
Products

24. What is the meaning of term “Hundi”?

Cheques
Cash
Bill of Payments
Bills of Exchange

25. Which bank had issued first successful credit card of the world?

RBI
Bank of Hindustan
Bank of America
SBI