Economic MCQ Questions with answers

21) Consider the following statement:
1.These guidelines help improve the transparency in the methodology followed by banks for determining the interest rates on advances
2.These guidelines help ensure availability of bank credit at interest rates which are fair to the borrowers as well as the banks
Select the correct answer using the code given below.

22) Which of the following are the roles of government in the economy:
1.An effective employment policy, which can absorb the growing number of workers and promote economic growth
2.An imaginative family planning programme to encourage families to adopt the small family norm Which among the above statements is / are not correct?

23) Consider the following statement regarding usual status
1.Indira Gandhi Matritva Sahyog Yojana (IGMSY) has been launched to improve the health and nutrition status of pregnant, lactating women and infants
2.The scheme envisages Cash Incentives for the above beneficiaries
3.All Government Women Employees are beneficiaries of the IGMSY Which among the above statements is / are correct?

24) Plan expenditure in India is met by-

25) Which statements about indirect taxes in India are true?
1.There should be comfortable foreign exchange resources
2.Low rate of inflation
3.Mechanism by which the government can pass on the changes in the price of imported goods to the consumers
4.SLR and CRR must be low.

26) 'Gresham's Law' in Economics relates to

27) Transchart is the

28) Which of the following statements with regard to Indian Agriculture is/are true?
1.Regarding the procurement of foodgrains, Government of India follows a procurement target rather than an open-ended procurement policy
2.Government of India announces minimum support prices only for cereals
3.For distribution under Targeted Public Distribution System (TPDS), wheat and rice are issued by the Government of India at uniform Central issue prices to the States/Union Territories 

Which of the statements given below above is/are correct?

29) Which of the following refers to that part of deficit for which the government borrows from the RBI?
1.Excise duty and sales tax are examples of indirect taxes
2.Taxes like income tax and property tax are direct taxes
3.There is no difference between Direct and Indirect tax
Select the correct answer using the code given below:

30) Economic growth is usually coupled with