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Economic MCQ Questions with answers

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Learn Economic MCQs [Page 7 of Department 5]

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Virat Bhati • 7.23K Points
Tutor III

61) Mixed economy means

(A) Promotion of agriculture as well as industries
(B) Coexistence of private and public sectors
(C) Coexistence of small and large scale industries
(D) Coexistence of rich and poor
Correct Answer - Option (B)

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Virat Bhati • 7.23K Points
Tutor III

62) The Indian economy is described as a

(A) developed economy
(B) backward economy
(C) urban developed economy
(D) developing economy
Correct Answer - Option (D)

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Virat Bhati • 7.23K Points
Tutor III

64) When the Reserve Bank of India reduces the Statutory Liquidity Ratio by 50 basis points, which of the following is likely to happen?

(A) Scheduled Commercial Banks may cut their lending rates
(B) It may drastically reduce the liquidity to the banking system
(C) India's GDP growth rate increases drastically
(D) Foreign Institutional Investors may bring more capital into our country
Correct Answer - Option (A)

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Virat Bhati • 7.23K Points
Tutor III

65) The Global Infrastructure Facility is a/an

(A) Collaboration among the major banks of the world working with the OECD and focused on expanding theset of infrastructure projects that have the potential to mobilize private investment.
(B) UNCTAD funded initiative that seeks to finance and facilitate infrastructure development in the world
(C) ASEAN initiative to upgrade infrastructure in Asia and financed by credit from the Asian Development Bank.
(D) World Bank collaboration that facilitates the preparation and structuring of complex infrastructure PublicPrivate Partnerships (PPPs) to enable mobilization of private sector and institutional investor capital.
Correct Answer - Option (D)

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Virat Bhati • 7.23K Points
Tutor III

66) Which of the following could assist economic growth in developing countries?

(A) An increase in the level of education
(B) Decrease in the terms of trade
(C) An increase in the rate of taxation
(D) Decrease in foreign investment
Correct Answer - Option (A)

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Virat Bhati • 7.23K Points
Tutor III

67) Which of the following are non-bulk items of import?

(A) increase in wages
(B) reduction in taxes
(C) decrease in money supply
(D) decrease in taxes
Correct Answer - Option (C)

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Virat Bhati • 7.23K Points
Tutor III

68) Which amongst the following provided a common factor for tribal insurrection in India in the 19th century?

(A) Rise of a large number of money lenders, traders and revenue farmers as middlemen in tribal areas.
(B) Introduction of a new system of land revenue and taxation of tribal products.
(C) Influence of foreign religious missionaries in tribal areas.
(D) The complete disruption of the old agrarian order of the tribal com-munities.
Correct Answer - Option (D)

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Virat Bhati • 7.23K Points
Tutor III

69) Currency of a European country which was not revalued at the European Economic Summit was

(A) French Franc
(B) Dutch Guilder
(C) Danish Kroner
(D) German Mark
Correct Answer - Option (C)

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Dhruva • 4.38K Points
Extraordinary

70) Which among the following statements is not true when there is an increase in interest rate in an economy?

(A) Increase in saving
(B) Decrease in loan
(C) Increase in production cost
(D) Increase in capital return
Correct Answer - Option (D)

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