introduction to indian economy section 9 MCQ Questions & Answers Detailed Explanation
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The following question based on Introduction to Indian Economy topic of indian economy mcq
(a) Ministry of Agriculture
(b) State Trading Corporation of India
(c) Food Corporation of India
(d) Warehousing Corporation of India
The correct answers to the above question in:
Answer: (c)
Food Corporation of India
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Read more introduction Based Indian Economy Questions and Answers
Question : 1
As per CRISIL index on Financial inclusion which part of India is top in the financial inclusion?
a) East India
b) North India
c) West India
d) South India
Answer »Answer: (d)
Question : 2
Which of the following is the specially designed scheme for the welfare of the Indian women introduced recently by General Insurance?
a) Bhagya Rajeshwari
b) Rajeshwari
c) Bhagyashree
d) Raja Lakshmi
Answer »Answer: (b)
Raj Rajeshwari Mahila Kalyan Yojana is a personal accident insurance scheme that provides economic security to women irrespective of their income, occupation or vocation. All sections of women in the age group 10 to 75 years are eligible for this scheme.
Premium is Rs.15/- per woman per annum for the basic cover and Rs23/- per woman per annum for both basic and additional cover.
Question : 3
Consider the following :
- Market borrowing
- Treasury bills
- Special securities issued to RBI
a) 1 and 2
b) 2 only
c) 1 only
d) 1, 2 and 3
Answer »Answer: (d)
All these statements are components of internal debt.
Question : 4
Indian economy is an example of a mixed economy because,
a) traditional subsistence economy coexists with modern economy
b) urban sector coexists with vast rural sector
c) private sector coexists with public sector enterprises
d) monopoly elements coexist with competitive elements
Answer »Answer: (c)
A mixed economy is a combination of the market economy as well as government planning. It has both private sector and public sector.
Some businesses are owned by private individuals while some businesses are owned by the government. India is an example of a mixed economy.
Question : 5
Reserve Bank of India was nationalised in
a) 1948
b) 1947
c) 1949
d) 1951
Answer »Answer: (c)
The Reserve Bank of India (RBI) is India’s central banking institution, which controls the monetary policy of the Indian rupee. It was established on 1 April 1935 during the British Raj in accordance with the provisions of the Reserve Bank of India Act, 1934.
Following India’s independence in 1947, the RBI was nationalised in the year 1949. Though originally set up as a shareholders’ bank, the RBI has been fully owned by the Government of India since its nationalization in 1949.
Question : 6
For whom was the first departmental life insurance started ?
a) Civil officers of Central Government
b) Army
c) Employees of postal department
d) Life Insurance Corpor-ation
Answer »Answer: (c)
Postal Life Insurance was started on 01.02.1884 as a welfare measure for the employees of Posts & Telegraphs Department under Government of India dispatch No. 299 dated 18 October 1882 to the Secretary of State. Due to the popularity of its schemes, various departments of Central and State Governments were extended their benefits.
Now Postal Life Insurance is open for employees of all central and state government departments, nationalised banks, public sector undertakings, financial institutions, local municipalities and District councils and educational institutions aided by the Government.
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
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introduction to indian economy section 5
introduction to indian economy section 6
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introduction to indian economy section 8
introduction to indian economy section 9
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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