Indian Economy MCQ | Part -4 | Quickbytes

Learn and Practice Indian Economy MCQ and Quiz . QuickBytes Indian Economy MCQ and Quiz Part 4 is for students to prepare interviews, competitive examinations, and entrance tests.

1. Which group suffers most from Inflation?

Creditors
Business class
Debtors
Holders of real assets

2. Which group suffers least from Inflation?

Saving bank account holders
Debtors
Holders of real assets
Business class

3. When was the decimal system of currency introduced in India?

1950
1954
1957
1963

4. Terms “Bull” and “Bear” are related to?

Share Market
Public Sector Banks
FDI
Manufacturing

5. Which was the first bank that was established in India?

SBI
RBI
Bank of Hindustan
English Bank

6. Schedule Bank is included in which of the following?

2nd schedule of constitutionc
2nd schedule of RBI Act,1934
2nd schedule of Banking Regulation Act
None of the above

7. Which animal is on the logo of RBI?

Peacock
Bull
Lion
Bear

8. In order to be categorized as Schedule Bank, a bank should have capital no less than?

10 lakhs
20 lakhs
5 lakhs
None

9. What is the punishment for bouncing of cheque?

1 year imprisonment
2 year imprisonment
3 year imprisonment
4 year imprisonment

10. Which is the oldest stock exchange?

Bombay
Bangalore
Hyderabad
Ahmedabad

11. Where is the headquarter of World Customs Organisation?

Belgium
Switzerland
France
None of the above

12. What is the full form of HSN code in GST?

Harmonized System of Nomenclature
Harmonized System of Numbers
Harmonized State of Nomenclature
None of the above

13. First economic census was conducted in which year?

1947
1976
1949
1977

14. When a company is “sick” then how much loss is accrued by it at the end of financial year?

25%
50%
75%
100%

15. Which of the following is not the example of Oligopoly?

Netflix
Amazon
McDonalds
Google

16. Which is the basic structure of Oligopoly?

Few sellers, many buyers
Many sellers, few buyers
Many buyers, few sellers
Few buyers, many sellers

17. What is accepted average Calorie requirement for urban area in India?

2000
2100
2200
2300

18. MSP was introduced in which year?

1984
1974
1964
1954

19. Which country is the largest producer of milk?

China
Brazil
India
US

20. What is the frequency of the Consumer Price Index (CPI)?

Monthly
Weekly
Yearly
Daily

21. Which organization is empowered to check whether recycling agencies are complying with the E-waste Rules?

CPCB
SPCB
NGT
Both 1 and 2

22. Which one of the following is not a part of Self-reliant India?

Economy
Infrastructure
Demography
Income

23. Which country is the world’s largest BPM destination?

India
China
US
France

24. When was Mid -day meal program was launched in India?

1991
1993
1995
1997

25. Courier service comes under which of the following sectors?

Primary
Secondary
Tertiary
Both 1 and 2