introduction to indian economy section 9 Practice Questions Answers Test with Solutions & More Shortcuts
Introduction to Indian Economy PRACTICE TEST [14 - EXERCISES]
introduction to indian economy section 1
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introduction to indian economy section 8
introduction to indian economy section 9
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introduction to indian economy section 14
Question : 46 [SSC SO 2008]
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 : 47 [SSC CGL 2015]
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 : 50 [SSC CML 2002]
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.
IMPORTANT indian economy mcq EXERCISES
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Top 500+ Basic Indian Economy GK MCQ Quiz For SSC IBPS »
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New Indian Economy GK MCQ Quiz PDF For UPSC/IAS Prelims »
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Basic Indian Economy Concepts MCQs Quiz For RRB NTPC Exam »
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New 499+ Fundamentals of Indian Economy MCQ Quiz For IBPS »
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555+ Indian Economy Concepts Basics Fundamentals MCQ Quiz »
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Top 500+ Indian Economy GK MCQs Quiz PDF For SSC UPSC RRB »
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New 499+ Indian Economy GK Question And Answers Quiz PDF »
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Best 500+ Indian Economy General Knowledge MCQ Quiz PDF »
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500+ Indian Economy General Studies Online MCQ Quiz PDF »
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New 500+ Indian Economy Basic Static GK MCQ Quiz For IBPS »
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500+ Introduction to Indian Economy GK MCQ Quiz For SSC »
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800+ Latest Indian Economy GK Questions & Answers MCQ PDF »
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1000+ Indian Economy GK Questions And Answers Quiz PDF »
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1000+ Indian Economy Basic Concepts GK MCQ PDF For SBI PO »
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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