INDIAN ECONOMY MCQ - IV

 INDIAN ECONOMY MCQ - IV


1. Which Ministry has started the Ganga Aamantran Abhiyan?

(a) Jal Shakti Ministry

(b) Ministry of Environment

(c) Ministry of Drinking Water and Sanitation

(d) Ministry of Agriculture & Farmers' Welfare

 Answer:a

 Explanation: Ganga Aamantran Abhiyan is a unique open-water rafting and kayaking expedition on the Ganga River to create awareness about water conservation. The Ganga Aamantran Abhiyan is launched by the Jal Shakti Ministry.

 

2. Which of the following statement is/are correct about the International Monetary Fund(IMF)?

I. IMF has 164 members

II. Official language is English

III. Itā€™s headquartered in Geneva (Switzerland)

(a) Only I & II

(b) Only I & III

(c) Only II

(d) Only II & III

 Answer: c

 Explanation: Currently there are 189 members of the IMF and its headquarter is in Washington,D.C. Official language of IMF is English.

 

3. Who is the current chief of the World Bank Group?

(a) Donald Tusk

(b) David Malpass

(c) Christine Lagarde

(d) Jim Yong Kim

 Answer: b

 Explanation: The President of the World Bank Group is the head of World Bank Group. ā€˜David Malpassā€™ is the Incumbent President of the World Bank Group. He is on the post since April 9, 2019. David has replaced Jim Yong Kim.

 

4. Which of the following is the direct tax in India?

(a) Sales Tax

(b) VAT

(c) Wealth tax

(d) Goods and services Tax

 Answer: c

 Explanation: Wealth tax is the direct tax which is imposed on the assets (House, rented buildings etc) of the Individual. Other direct taxes are corporation tax, income tax and wealth tax.

 

5. Which of the following statement is true about the monetary policy committee?

(a) Monetary Policy Committee (MPC) is a 8 member committee

(b) Monetary Policy Committee (MPC) is headed by Finance Minister

(c) Monetary Policy Committee (MPC) is formed through the Finance Act, 2016

(d) Monetary Policy Committee (MPC) is constituted as per the RBI Act, 1935

Answer:c

 Explanation: Monetary Policy Committee (MPC) is a 6 member committee headed by the Governor of the RBI. MPC is formed after the amendment in the RBI Act, 1934 through the Finance Act, 2016.

 

50 GK Questions on Union Budget & Economic Survey | Latest Survey 2019

 

6. As on October 2019, what is the current rate of cash reserve ratio (CRR)?

(a) 5.15%

(b) 4.75%

(c) 5.4%

(d) 4%

 Answer:d

 Explanation: As on October 2019, the current rate of cash reserve ratio (CRR) is at 4%, Policy Repo Rate @ 5.15%, Reverse Repo Rate @ 4.90%, Marginal Standing Facility Rate @ 5.40% and Bank Rate @ 5.40%.

7. What is Cash Reserve Ratio (CRR)?

(a) Share of a commercial bankā€™s total deposit kept with RBI

(b) Share of a commercial bankā€™s total deposit kept with itself

(c) Commercial banks need to have a portion of their total deposit in the form of cash and gold.

(d) None of the above

Answer: a

Explanation: CRR is the share of a commercial bankā€™s total deposit kept with RBI. Commercial Banks donā€™t earn returns on money deposited as CRR. CRR is a monetary instrument used by the RBI to controls the liquidity in the Indian Banking system.

 

8. What is NIRVIK scheme?

(a) A scheme to help handloom sector of the country

(b) A loan scheme for exporters

(c) A health scheme launched to improve the condition of malnutrition in the country

(d) GST refund scheme

 Answer:b

Explanation: The Export Credit Guarantee Corporation of India (ECGC) has launched ā€˜NIRVIKā€™ scheme to enhance loan availability for exporters and ease the lending process. NIRVIKā€™ is launched to boost export of the country.

 

9.  At present how many Public Sector Banks are in India?

(a)  27

(b) 12

(c) 21

(d) 17

 Answer: b

Explanation: On August 30, 2019, Finance Minister of India announced to merge 10 Public Sector Banks into 4 big Public Sector banks. After this merger now the number of Public Sector Banks come down to 12 from 27 of 2017.

 

10. What is the limit of annual turnover for small enterprises of manufacturing sector?

(a) Between 5 cr to 75 cr

(b) Less than 5 cr

(c) Between 75 cr to 250 cr

(d) just 25 cr

 Answer: a

Explanation: Definition of Micro Small and Medium Enterprises (MSMEs)has been changed  in India since February 2018.Now the MSMEs will be defined on the basis of 'annual turnover' instead of investment in plant & machinery/equipment. Now the 'annual turnover' limit for micro enterprises is less than Rs 5 cr for small enterprises between Rs 5 cr to 75 cr and for medium enterprises it is between Rs 75 cr to 250 cr for both manufacturing and service sector

 

11. Which of the following is not match correctly?

(a) Narasimhan Committee: 1998

(b) Sivaraman  Committee: 1985

(c) Leeladhar Committee :2008

(d) Nayak Committee   : 2014

 Answer: b

Explanation: The NABARD was established on the recommendations of the Shri B. Sivaraman of 1979. Shri B. Sivaraman is a former member of Planning Commission. Narasimhan Committee (1998) constituted by RBI, Leeladhar Committee (2008) chaired by RBI Deputy Governor and Nayak Committee was constituted in 2014.

 

12.  What is India's rank in the Global Competitive Index report 2019?

(a) 71st

(b) 68th

(c) 78th

(d) 52nd

 Answer:b

Explanation: India has slipped to 68th rank in the annual Global Competitiveness Index 2019. India slipped 10 points from the rank of previous year. Global Competitive Index report is released by the World Economic Forum. Singapore topped this list in 2019.

 

13. Which of the following report is not released by the World Bank?

(a) World Development Report

(b) Ease of Doing Business

(c) Global Economic Prospects

(d) Global Gender Gap Report

Answer: d

Explanation: Global Gender Gap Report is released by the World Economic Forum. Other three reports are released by the World Bank.

 

14. What is India's ranking on the Ease of Doing Business rank 2019?

(a) 50th

(b) 23rd

(c) 77th

(d) 97th

Answer:c

Explanation: India secured 77th rank in the ease of doing business ranking of World Bank. India has jumped of 23 positions against its rank of 100 in 2017. There a total of 190 countries assessed by the World Bank for this ranking.

 

15. What is the rate of interest on Employees' Provident Fund (EPF) for 2018-19?

(a) 7.85%

(b) 9.25%

(c) 8.55%

(d) 8.65%

Answer: d


Comments

Post a Comment

Popular posts from this blog

Essay on Child Marriage in India

Essay on Child Marriage in India Child Marriage Concept: Child marriage in India is still a prevalent practice. So far, we canā€™t seem to overcome the dark reality of child marriage in India. In a laymanā€™s language, child marriage in India means involving a boy and girl to get into the marital bond, with or without their consent. However, that is not the only case for child marriage in India. Most of the time, a minor girl is married off to an adult male. Such incidences are plenty and fall under the category of child marriage in India. And though most child marriages in India take place in villages, their occurrence in the urban areas cannot be denied. In technical terms, if the girl is below eighteen years and the boy is below twenty-one years of age, then, their marriage would be considered a child marriage in India. It is believed that the youngsters below the respective ages are not mature enough. In the case of child marriage in India, both the candidates can neither understand, g...
Read more

INDIAN ECONOMY MCQ - III

 INDIAN ECONOMY MCQ - III 1. Which of the following is the largest canal irrigated states in India? (a) Haryana (b) Rajasthan (c) Uttar Pradesh (d) Punjab Ans. b   2. Which three states are the top three producers of food grains in India? (a) U.P., Punjab, Madhya Pradesh (b) Punjab, U.P., Madhya Pradesh (c) Madhya Pradesh, U.P., Punjab, (d) U.P., Gujarat, Madhya Pradesh Ans. a   3. Which of the following is the biggest tank irrigated state in India? (a) Tami Nadu (b) Karnataka (c) Andhra Pradesh (d) Odisha Ans. C   4. When was the first agriculture census of India conducted? (a) 1880 (b) 1890 (c) 1921 (d) 1970 Ans. d 5. Which of the following is covered in the ISOPOM scheme? (a) Oilseeds (b) Pulses (c) Maize (d) All of the above Ans. d   6. The newly released CSR-43 is a seed crop ofā€¦ā€¦ā€¦ (a) Tea (b) Wheat (c) Rice (d) Maize Ans. c   7. Which of the following is the main source ...
Read more