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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 5 of Department 8]

41) Who is responsible for the collection and publication of monetary and financial information ?

(A) Finance Ministry
(B) Reserve Bank of India
(C) National Sample Survey Organization
(D) Auditor and Comptroller General of India
Correct Answer - Option (C)

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

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42) The primary objective of Nationalization of Banks was:

(A) Improving credit facilities
(B) Financing the industries
(C) Improving security of deposits
(D) Consolidating the economy
Correct Answer - Option (D)

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

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43) Which two of the following nationalized banks have been merged as per the recommendation of the Narasimham Committee on banking reforms ?

(A) Parur Bank if India and bank of India
(B) New bank of India and bank of India
(C) Central Bank of India and Corporation Bank
(D) Punjab National Bank and New bank of India
Correct Answer - Option (D)

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

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44) What are gilt-edged securities in India ?

(A) Securities issued by the government
(B) Securities issued by the private sector
(C) Securities issued by the multinationals
(D) Securities issued by the joint venture companies
Correct Answer - Option (A)

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

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45) Bank rate is the rate at which:

(A) The Reserve Bank of India lends to the public
(B) A bank lends to the public
(C) The Government of India lends to other countries
(D) The Reserve Bank of India gives credit to commercial banks
Correct Answer - Option (D)

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

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46) Which among the following is the oldest Development Financial Institution of India ?

(A) UTI
(B) IDBI
(C) ICICI
(D) IFCI
Correct Answer - Option (D)

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48) Income tax, corporate tax, inheritance tax etc. are incident on the person or organisation. These taxes are called :

(A) local tax
(B) indirect tax
(C) direct tax
(D) rate
Correct Answer - Option (C)

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

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49) Rate of growth of an economy is measured in terms of :

(A) per capita income
(B) industrial development
(C) number of people who have been lifted above the poverty line
(D) national income
Correct Answer - Option (D)

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

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50) Which of the following represent the standard of living in a country ?

(A) National income
(B) Per capita income
(C) Poverty ratio
(D) Unemployment rate
Correct Answer - Option (B)

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