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Economic MCQ Questions with answers

Here Important Economic MCQ questions are added which are frequently asked in almost all the examinations. You can check the correct answer of any question on clicking the show answer button or on option itself. The Correct answer will be displayed below. You can share any question with your friends on whatsapp by tapping whatsapp button.

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Learn Economic MCQs [Page 1 of Department 11]

1) In pursuance with the recommendations of Narsimham Committee, the RBI has framed new guidelines

(A) to govern entry of new private sector banks to make the banking sector more competitive
(B) to reduce the freedom given to banks to rationalize their existing branch network
(C) to setup more foreign exchange banks
(D) to lend more easily for industrial development
Correct Answer - Option (A)

No Explanation found. Add Explanation and get +2 points.

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2) Which of the following is the first Indian private company to sign an accord with Government of Myanmar for oil exploration in two offshore blocks in that country?

(A) Reliance Energy
(B) Essar Oil
(C) GAIL
(D) ONGC
Correct Answer - Option (B)

No Explanation found. Add Explanation and get +2 points.

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3) Non Tax revenues can be increased by improving the working of the

(A) State Road Transport Corporations
(B) electricity boards
(C) commercial irrigation projects
(D) All of the above
Correct Answer - Option (C)

No Explanation found. Add Explanation and get +2 points.

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4) Which of the following is not viewed as a national debt?

(A) Provident Fund
(B) Life Insurance Policies
(C) National Saving Certificate
(D) Long-term Government Bonds
Correct Answer - Option (C)

No Explanation found. Add Explanation and get +2 points.

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5) The condition of indirect taxes in the country's revenue is approximately

(A) 70 percent
(B) 75 percent
(C) 80 percent
(D) 86 percent
Correct Answer - Option (D)

No Explanation found. Add Explanation and get +2 points.

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6) Deficit financing means that the government borrows money from the

(A) RBI
(B) local bodies
(C) big businessmen
(D) IMF
Correct Answer - Option (A)

No Explanation found. Add Explanation and get +2 points.

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7) Revenue of the state governments are raised from the following sources, except

(A) entertainment tax
(B) expenditure tax
(C) agricultural income tax
(D) land revenue
Correct Answer - Option (C)

No Explanation found. Add Explanation and get +2 points.

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8) Since the inception of the co-operative movement, rural credits has been

(A) institutionalized
(B) rationalized
(C) cheapened
(D) All of the above
Correct Answer - Option (D)

No Explanation found. Add Explanation and get +2 points.

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9) If an economy is equilibrium at the point where plans to save and to invest are equal, then government expenditure must be

(A) zero
(B) equal to government income
(C) larger than government income
(D) negative
Correct Answer - Option (B)

No Explanation found. Add Explanation and get +2 points.

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10) The co-operative credit societies have a

(A) two-tier structure
(B) three-tier structure
(C) four-tier structure
(D) five-tier structure
Correct Answer - Option (B)

No Explanation found. Add Explanation and get +2 points.

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