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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 7 of Department 7]

K

Kartik Sharma • 7.98K Points
Tutor III

61) Which of the following is not a remedy of Inflation ?

(A) Lowering bank rate
(B) Reducing budgetary deficit
(C) Better capacity utilization
(D) An efficient public distribution system
Correct Answer - Option (A)

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

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K

Kartik Sharma • 7.98K Points
Tutor III

62) The Indian Rupee is fully convertible ?
I. In respect of Current Account of Balance of Payments
II. In respect of Capital Account of Balance of Payments
III. Into Gold
Which of these statements is/are correct ?

(A) I only
(B) III only
(C) I and II only
(D) None of the above
Correct Answer - Option (A)

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

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K

Kartik Sharma • 7.98K Points
Tutor III

63) Devaluation of currency by a country is meant to lead to:
I. Expansion of import trade
II. Promotion of import substitution
III. Expansion of export trade

(A) I only
(B) II and III only
(C) I and II only
(D) All of the above
Correct Answer - Option (B)

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

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K

Kartik Sharma • 7.98K Points
Tutor III

64) Hard Currency is defined as currency:

(A) Which is used in times of war
(B) Which can hardly be used for international transaction
(C) Traded in foreign exchange market for which demands is persistently relative to the supply
(D) None of these
Correct Answer - Option (C)

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

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R

Ravi Chauhan • 9.26K Points
Tutor III

66) What is Scheduled Bank in India ?

(A) It is included in the II Schedule of Banking Regulation Act.
(B) It is included in the II Schedule of Constitution
(C) It is included in the II Schedule of Reserve Bank of India Act
(D) None of these above
Correct Answer - Option (C)

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

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R

Ravi Chauhan • 9.26K Points
Tutor III

67) For regulation and development of the insurance sector of the country the Government has formed :

(A) SEBI
(B) Reserve Bank of India
(C) Insurance Regulatory and Development Authority
(D) General Insurance Corporation
Correct Answer - Option (C)

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

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