introduction to indian economy section 8 MCQ Questions & Answers Detailed Explanation
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The following question based on Introduction to Indian Economy topic of indian economy mcq
(a) discourage people to make an investment
(b) are not favourable for credit expansion
(c) create atmosphere for capital formation
(d) attract people to make an investment
The correct answers to the above question in:
Answer: (d)
Inflation reflects a situation where the demand for goods and services exceeds their supply in the economy. Higher interest rates in low inflation means higher real returns not just on money, but on all other assets too. These higher real returns increases the allocation of investment.
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Question : 1
Which natioalised bank of India has a shining star as its emblem?
a) Bank of Baroda
b) Indian Bank
c) Bank of India
d) Syndicate Bank
Answer »Answer: (c)
The new logo of the Bank of Baroda is a unique representation of a universal symbol. It comprises dual ‘B’ letterforms that hold the rays of the rising sun.
It is known as the ‘Baroda Sun’ which is the single most powerful source of light and energy – its far-reaching rays dispel darkness to illuminate everything they touch.
With this logo, the Bank of Baroda seeks to be the source that will help all its stakeholders realise their goals. To customers, the bank seeks to be a one-stop, reliable partner who will help them address different financial needs.
To employees, the bank offers rewarding careers and to our investors and business partners, maximum return on their investment.
Question : 2
The Commission in India dealing with minimum support price, procurement price, etc in connection with agricultural goods is the
a) Agricultural Costs and Prices Commission
b) Planning Commission
c) Agricultural Price Commission
d) National Marketing Commission
Answer »Answer: (b)
The Commission for Agricultural Costs and Prices (CACP), the government’s nodal agency to recommend the minimum price for farm commodities.
The Agricultural Prices Commission was set up in January 1965 to advise the Government on the price policy of major agricultural commodities with a view to evolving a balance and integrated price structure in the perspective of the overall needs of the economy and with due regard to the interests of the producer and the consumer.
Since March 1985, the Commission has been known as Commission for Agricultural Costs and Prices
Question : 3
The Government of India made it obligatory on the part of all commercial banks that they should give some cash amount while purchasing Government bonds. What would you call this?
a) Cash Reserve Ratio
b) Statutory Liquidity Ratio
c) Minimum Reserve Ratio
d) Floating Reserve Ratio
Answer »Answer: (b)
Statutory liquidity ratio is the number of liquid assets such as precious metals (Gold) or other approved securities, which a financial institution must maintain as reserves other than the cash. The statutory liquidity ratio is a term most commonly used in India.
The objectives of SLR are to restrict the expansion of bank credit. They serve to augment the investment of the banks in government securities and ensure the solvency of banks.
Question : 4
Which of the following is not in the infrastructure sector?
a) Construction of roads
b) Power generation
c) Food production
d) Expansion of air ports
Answer »Answer: (c)
Food production or agriculture is a primary activity of the economy making direct use of natural resources. This includes agriculture, forestry and fishing, mining, and extraction of oil and gas. This is contrasted with the secondary sector, producing manufactured and other processed goods, and the tertiary sector, producing services.
Infrastructure is basic physical and organizational structures needed for the operation of a society or enterprise, or the services and facilities necessary for an economy to function.
The term typically refers to the technical structures that support a society, such as roads, bridges, water supply, sewers, electrical grids, telecommunications, and so forth.
Question : 5
India exports power to ____.
a) Myanmar
b) Bangladesh
c) Pakistan
d) Bhutan
Answer »Answer: (b)
India’s commercial export of power to Bangladesh commenced in October 2013 with the inauguration of the Bangladesh-India Power Transmission Centre at western Bherampura, near West Bengal.
India will export 500 MW of electricity daily to Bangladesh for 35 years.
Question : 6
The Swarna Jayanti Shahari Rojgar Yojna (SJSRY) mainly aims at creating employment opportunities for
a) self employment in urban areas only
b) both self employment and wage employment in urban areas
c) wage employment in urban areas only
d) None of these
Answer »Answer: (b)
The Swarna Jayanti Shahari Rozgar Yojana (SJSRY) seeks to provide gainful employment to the urban unemployed or underemployed through the setting up of self-employment ventures or provision of wage employment.
It is a Centrally Sponsored Scheme which came into effect on 1 December 1997.
GET Introduction to Indian Economy PRACTICE TEST EXERCISES
introduction to indian economy section 1
introduction to indian economy section 2
introduction to indian economy section 3
introduction to indian economy section 4
introduction to indian economy section 5
introduction to indian economy section 6
introduction to indian economy section 7
introduction to indian economy section 8
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introduction to indian economy section 10
introduction to indian economy section 11
introduction to indian economy section 12
introduction to indian economy section 13
introduction to indian economy section 14
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