Below we have published 10 Indian Economy GK Question with Answers helpful for competitive examinations. If you want to score maximum in your exam must solve each question sincerely and if you came across any new term, try to find more knowledge about it on internet to improve your knowledge.
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Indian Economy MCQs Test Paper -10
Q.1. _______ country is the largest debtor of UNO.
A) India
B) Mexico
C) Japan
D) U.S.
E) None of these
B) Mexico
C) Japan
D) U.S.
E) None of these
Q.2. The World Bank and IMF gives respectively ________.
A) Long term and short term credits
B) Short term and long term credits
C) Both long term credits
D) Both short term credits
E) All of these
B) Short term and long term credits
C) Both long term credits
D) Both short term credits
E) All of these
Q.3. Many a times, we read about Special Drawing Right (SDR) in newspapers. As per its definition, SDR is a monetary unit of the reserve assets of which of the following organizations/agencies?
A) World Bank
B) International Monetary Fund (IMF)
C) Asian Development Bank
D) Reserve Bank of India
E) None of these
B) International Monetary Fund (IMF)
C) Asian Development Bank
D) Reserve Bank of India
E) None of these
Q.4. Which one of the following is not related to United Nations?
A) Multilateral Investment Guarantee Agency
B) International Finance Corporation
C) International Center for Settlement of Investment Disputes
D) Bank for International Settlements
E) None of these
B) International Finance Corporation
C) International Center for Settlement of Investment Disputes
D) Bank for International Settlements
E) None of these
Q.5. Which of the following names/terms is NOT associated with the World Trade Organization (WTO)?
A) GATI
B) GATS
C) SEWA
D) FTA
E) None of these
B) GATS
C) SEWA
D) FTA
E) None of these
Q.6. Both Foreign Direct Investment (FOI) and Foreign Institutional Investor (FII) are related to investment in a country. Which one of the following statement best represents an important difference between the two?
A) FII helps bring better management skills and technology, while FDI only brings in capital
B) FII helps in increasing capital availability in general, while FDI only targets specific
sectors
C) FDI flows only into the secondary market, while FII targets primary market
D) FII is considered to be more stable than FDI
E) None of these
B) FII helps in increasing capital availability in general, while FDI only targets specific
sectors
C) FDI flows only into the secondary market, while FII targets primary market
D) FII is considered to be more stable than FDI
E) None of these
Q.7. Gross National Product at market prices is defined as _________.
A) The market value of all final goods and services produced in an economy taking into
account net factor income from abroad
B) The market value of all final goods and services produced in an economy
C) The market value of all final goods and services produced in an economy plus indirect
taxes
D) The market value of all final goods and services produced in an economy plus indirect
taxes minus subsidies
E) None of these
account net factor income from abroad
B) The market value of all final goods and services produced in an economy
C) The market value of all final goods and services produced in an economy plus indirect
taxes
D) The market value of all final goods and services produced in an economy plus indirect
taxes minus subsidies
E) None of these
Q.8. An advalorem duty is a tax based on _________.
A) the price of a commodity
B) the value added
C) the advertisement expenditure
D) the unit of the commodity
E) None of these
B) the value added
C) the advertisement expenditure
D) the unit of the commodity
E) None of these
Q.9. 'Sub Prime Lending' is a term applied to the loans made to _______.
A) Those borrowers who do not have a good credit history.
B) Those who wish to take loan against the mortgage of tangible assets.
C) Those who have a good credit history and are known to bank since 10 years.
D) Those borrowers who are most preferred customers of the Bank.
E) None of these
B) Those who wish to take loan against the mortgage of tangible assets.
C) Those who have a good credit history and are known to bank since 10 years.
D) Those borrowers who are most preferred customers of the Bank.
E) None of these
Q.10. Basel Committee has given its recommendations on which of the following aspects of banking operations?
A) Marketing of bank products
B) Priority sector lending
C) Risk Management
D) Micro financing
E) All of the above
B) Priority sector lending
C) Risk Management
D) Micro financing
E) All of the above
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