introduction to indian economy section 4 Practice Questions Answers Test with Solutions & More Shortcuts
Introduction to Indian Economy PRACTICE TEST [14 - EXERCISES]
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introduction to indian economy section 14
Question : 16 [SSC SIG 2005]
Consider the following statements :
- NTPC has diversified to the hydropower sector
- Power Grid Corporation has diversified into the telecom sector.
a) Only b
b) Only a
c) Both of a and b
d) None of a and b
Answer »Answer: (c)
NTPC Limited is the largest Indian state-owned electric utilities company based in New Delhi, India.
NTPC’s core business is engineering, construction and operation of power generating plants and providing consultancy to power utilities in India and abroad.
The name of the Company “National Thermal Power Corporation Limited” was changed to “NTPC Limited” with effect from 28 October 2005. The primary reason for this was the company’s foray into hydro and nuclear-based power generation along with backward integration by coal mining.
The Power Grid Corporation of India is an Indian state-owned electric utility company headquartered in Gurgaon, India. Power Grid wheels about 50% of the total power generated in India on its transmission network.
Power Grid has also diversified into the Telecom business and established a telecom network of more than 25,000 km across the country.
Question : 17 [SSC CGL Pre 2004]
Which from the following is not true when the interest rate in the economy goes up ?
a) Lending decreases
b) Savings increases
c) Cost of production increases
d) Return on capital increases
Answer »Answer: (d)
Interest rates are the main determinant of investment on a macroeconomic scale. The current thought is that if interest rates increase across the board, then investment decreases, causing a fall in national income.
However, the Austrian School of Economics sees higher rates as leading to greater investment in order to earn the interest to pay the depositors.
Higher rates encourage more saving and thus more investment and thus more jobs to increase production to increase profits. Higher rates also discourage economically unproductive lending such as consumer credit and mortgage lending.
Question : 18 [SSC MTS 2017]
Which one of the following organisations is a financial institution ?
a) IFCO
b) KVIC
c) SEBI
d) ICICI
Answer »Answer: (d)
ICICI (Industrial Credit and Investment Corporation of India) Bank is an Indian multinational banking and financial services company headquartered in Mumbai, Maharashtra.
It is the largest private sector bank and overall the second largest bank in India after State Bank of India.
Question : 19 [SSC SO 2003]
Which among the following subjects is not an aim of the monetary policy of the Reserve Bank of India ?
a) Direct credit with objective criteria
b) Giving impetus to economic development
c) To control pressure of inflation
d) To ensure social justice.
Answer »Answer: (d)
The Reserve Bank of India is the main monetary authority of the country and besides that, the central bank acts as the bank of the national and state governments.
It formulates, implements and monitors the monetary policy as well as has to ensure an adequate flow of credit to productive sectors.
Objectives are maintaining price stability and ensuring adequate flow of credit to productive sectors.
IMPORTANT indian economy mcq EXERCISES
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Top 500+ Indian Economy GK MCQs Quiz PDF For SSC UPSC RRB »
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Introduction to Indian Economy Shortcuts »
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indian economy MCQ CATEGORIES
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» Introduction to Indian Economy
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» Planning, Economic Development & Five year Plans
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» National Income & Human Development Index
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» Agriculture Sector, Subsidy and Food Processing
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» Industries, Manufacturing & Service Sectors
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» Inclusive growth, Sustainable development and employment
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» Poverty & Unemployment
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» Introduction to Micro Economics
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» Introduction to Macro Economics
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» Macro fundamentals, GDP, Investment, Growth
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» Demand & Supply, Profit Loss, Inflation & Price Index
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» Fiscal Policy, Public Finance and Monetary Policy
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» Money Supply, Banking and Financial Institutions
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» Taxes Types, Methods & Budgeting Process
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» Banking, Security Market & Insurance
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