MCQOPTIONS
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MCQOPTIONS
This section includes 2369 Mcqs, each offering curated multiple-choice questions to sharpen your Economics knowledge and support exam preparation. Choose a topic below to get started.
| 651. |
Diamond mines in India are - |
| A. | Uttar Pradesh |
| B. | m. Q. |
| C. | Jharkhand |
| D. | come . Q. |
| Answer» C. Jharkhand | |
| 652. |
Which one of the following states ranks first in the production of minerals? |
| A. | Madhya Pradesh |
| B. | Jharkhand |
| C. | come . Q. |
| D. | Karnataka |
| Answer» C. come . Q. | |
| 653. |
At present the only tungsten mining center in India is |
| A. | Stubborn |
| B. | kolar |
| C. | degana |
| D. | Khetri |
| Answer» D. Khetri | |
| 654. |
India's position in terms of bauxite resource in the world is |
| A. | Second |
| B. | third |
| C. | fourth |
| D. | Fifth |
| Answer» E. | |
| 655. |
India ranks first in the world in the production of which of the following - |
| A. | tungsten |
| B. | gypsum |
| C. | asbestos |
| D. | graphite |
| Answer» D. graphite | |
| 656. |
To which country India exports the most iron ore? |
| A. | Japan |
| B. | Germany |
| C. | U. K. |
| D. | U. s . a . |
| Answer» B. Germany | |
| 657. |
India has a monopoly in the world in the production of which mineral? |
| A. | asbestos |
| B. | manganese |
| C. | bauxite |
| D. | Coal |
| Answer» B. manganese | |
| 658. |
TheSwabhiman Yojanalaunched in India is related to - |
| A. | rural women's rights |
| B. | caring for rural elderly |
| C. | from rural banking |
| D. | rural food security |
| Answer» D. rural food security | |
| 659. |
Which of the following is the most common measure of inflation estimation in India? |
| A. | price index |
| B. | wholesale price index |
| C. | consumer price Index |
| D. | price index of industrial goods |
| Answer» C. consumer price Index | |
| 660. |
Who maintains the foreign exchange reserves in India? |
| A. | By Reserve Bank of India |
| B. | By State Bank of India |
| C. | by Ministry of Finance, Government of India |
| D. | By Indian Import - Export Bank |
| Answer» B. By State Bank of India | |
| 661. |
In which year the new National Mineral Policy was announced by the Government of India? |
| A. | 1991 AD. |
| B. | 1992 AD |
| C. | 1993 AD. |
| D. | 2008 AD |
| Answer» E. | |
| 662. |
When was the first mineral policy announced in India? |
| A. | 1951 AD. |
| B. | 1961 AD. |
| C. | 1972 AD |
| D. | 1976 AD |
| Answer» B. 1961 AD. | |
| 663. |
Monetary policy in India is made and implemented by- |
| A. | central government |
| B. | Assocham |
| C. | Reserve Bank of India |
| D. | FICCI |
| Answer» D. FICCI | |
| 664. |
Which of the following committees is related to reforms in the banking sector? |
| A. | L. C . Gupta |
| B. | narasimhan |
| C. | Chakraborty |
| D. | Kelkar |
| Answer» C. Chakraborty | |
| 665. |
Small amount of loans given to low income groups. . . . . . . . . . . is called - |
| A. | cash credit |
| B. | micro credit |
| C. | Simple overdraft |
| D. | no frills loan |
| Answer» C. Simple overdraft | |
| 666. |
Dalal Street is located at - |
| A. | New Delhi |
| B. | London |
| C. | Mumbai |
| D. | Paris |
| Answer» D. Paris | |
| 667. |
Banks in India were nationalized for the first time in |
| A. | in the 1950s |
| B. | in 1960 |
| C. | in 1969 |
| D. | in 1979 |
| Answer» D. in 1979 | |
| 668. |
The manager of the current monetary system in India is- |
| A. | Union Finance Ministry |
| B. | Reserve Bank of India |
| C. | nationalized bank |
| D. | State Bank of India |
| Answer» C. nationalized bank | |
| 669. |
The branches of the bank which can do foreign currency exchange business directly, should be allowed to trade in foreign currency. . . . . . . . . . It is called - |
| A. | authorized dealer |
| B. | overseas dealer |
| C. | overseas branches |
| D. | approved dealer |
| Answer» B. overseas dealer | |
| 670. |
Suppose, the Reserve Bank of India reduces the bank rate by 1 percent. What will be its effect - |
| A. | less cash in the market |
| B. | more cash in the market |
| C. | No change in cash position in the market |
| D. | Collection of excess deposits by commercial banks |
| Answer» C. No change in cash position in the market | |
| 671. |
Which of the following is regulated by the Forward Market Commission in India? |
| A. | currency futures trading |
| B. | commodity futures trading |
| C. | equity futures trading |
| D. | Both commodity futures trading and equity futures trading |
| Answer» C. equity futures trading | |
| 672. |
Which of the following is an example of alternative money? |
| A. | currency note |
| B. | coins |
| C. | Check |
| D. | bond |
| Answer» D. bond | |
| 673. |
Inside Trading Related - |
| A. | from public expenditure |
| B. | by taxation |
| C. | from stock market |
| D. | by hawala |
| Answer» D. by hawala | |
| 674. |
The proposed level of FDI in the insurance sector is – |
| A. | 76 percent |
| B. | 51 percent |
| C. | 49 percent |
| D. | 26 percent |
| Answer» E. | |
| 675. |
Bombay Stock Exchange is located at- |
| A. | in wall street |
| B. | in Dalal Street |
| C. | in Needle Grade Street |
| D. | in Gandhi Street |
| Answer» C. in Needle Grade Street | |
| 676. |
The Sensitive Index consists of the following securities - |
| A. | 25 , |
| B. | 40 , |
| C. | 30 , |
| D. | 35 , |
| Answer» D. 35 , | |
| 677. |
Who among the following controls the functioning of the stock market in India? |
| A. | FEMA |
| B. | SEBI |
| C. | MRTP Act |
| D. | none of the suitable |
| Answer» C. MRTP Act | |
| 678. |
Which of the following is not included in the quantitative credit control measures of the Central Bank? |
| A. | moral pressure |
| B. | back rate policy |
| C. | open market practice |
| D. | cash reserve ratio |
| Answer» B. back rate policy | |
| 679. |
Which of the following cards has high credit risk to the bank - |
| A. | Debit Card |
| B. | Credit Card |
| C. | ATM card |
| D. | All of the above |
| Answer» C. ATM card | |
| 680. |
Which has the highest percentage of retail credit in India? |
| A. | auto loan |
| B. | personal loan |
| C. | Individual overdraft |
| D. | housing loan |
| Answer» E. | |
| 681. |
oney Launderingmeans- |
| A. | Hiding sources of income mainly to avoid income tax |
| B. | money received from criminal sources |
| C. | Money received from undisclosed sources and deposited in foreign banks |
| D. | The process of converting illegally received money to appear to have been received from a legitimate source |
| Answer» E. | |
| 682. |
Savings bank accounts are opened by- |
| A. | For savings by business establishments, manufacturing establishments and individuals |
| B. | For business by traders and manufacturers |
| C. | for savings by individuals |
| D. | For Savings, by Limited Companies and Partnerships |
| Answer» D. For Savings, by Limited Companies and Partnerships | |
| 683. |
Monetary policy as a force of economic policy. . . . . . . . . . . . . . . . . . . . . . . . is administered by - |
| A. | Indian government |
| B. | Reserve Bank of India |
| C. | State Bank of India |
| D. | government of the respective states |
| Answer» C. State Bank of India | |
| 684. |
Banking Ombudsman- |
| A. | Is in charge of bank loans to banks |
| B. | determines the interest rate for the loan |
| C. | Manage customer complaints |
| D. | Issues licenses for new branches of the bank |
| Answer» D. Issues licenses for new branches of the bank | |
| 685. |
What is Activity Check? |
| A. | Check issued without qualifying signature |
| B. | Qualified signature check only |
| C. | Check which has completed 6 months from the date of issue |
| D. | 6 months postdated check |
| Answer» D. 6 months postdated check | |
| 686. |
U for your foreign trip. s . dollars to buy you. . . . . . . . . . . . . should contact - |
| A. | Finance Ministry |
| B. | You. s. embassy |
| C. | Branch of any bank authorized for such activity |
| D. | Reserve Bank of India only |
| Answer» D. Reserve Bank of India only | |
| 687. |
According to the recent reports the Indian Rupee is depreciating. What does this mean - |
| A. | Rupee has depreciated |
| B. | increased the value of Rs. |
| C. | Rupee is stable |
| D. | none of these |
| Answer» B. increased the value of Rs. | |
| 688. |
What do you understand by the term bancassurance? |
| A. | An insurance scheme to insure bank deposits |
| B. | An insurance scheme for bank employees |
| C. | Composite financial service offered by the bank including insurance products |
| D. | an insurance company running a bank |
| Answer» C. Composite financial service offered by the bank including insurance products | |
| 689. |
What type of loan is given by banks for the purchase of luxury goods? |
| A. | consumption credit |
| B. | mortgage loan |
| C. | Durable Consumer Goods Loan |
| D. | housing loan |
| Answer» D. housing loan | |
| 690. |
In which class do banks classify loans given for agriculture and allied activities? |
| A. | personal loan |
| B. | priority sector lending |
| C. | business loan |
| D. | Corporate debt |
| Answer» C. business loan | |
| 691. |
Fastest money transfer system through banking channel. . . . . . . . . . . . . is |
| A. | mail transfer |
| B. | wire transfer |
| C. | electronic funds transfer |
| D. | National Electronic Funds Transfer |
| Answer» E. | |
| 692. |
One type of loanSub prime lendingis given by banks to which type of consumers - |
| A. | Borrowers with poor credit background |
| B. | Those who want to take loan against mortgage of ex-assets |
| C. | Those with good credit background and known for 10 years |
| D. | none of these |
| Answer» B. Those who want to take loan against mortgage of ex-assets | |
| 693. |
Articles that derive their value from a specific underlying asset are called . . . . . . . . . . . says - |
| A. | debentures |
| B. | bond |
| C. | security receipt |
| D. | derivatives |
| Answer» C. security receipt | |
| 694. |
Almost all the banks in our country have started giving crop loans to the farmers. . . . . . . . . . . . . . . . The facility has been introduced - |
| A. | Term loan |
| B. | Kisan credit card |
| C. | bank guarantee |
| D. | reverse bond |
| Answer» C. bank guarantee | |
| 695. |
What is the meaning of bad debt? |
| A. | Dues of a company which are to be paid in a month |
| B. | Amounts due to a company which are not going to be paid |
| C. | Amounts payable to a company due to be paid in 1 year |
| D. | Amounts payable to a company which are not to be paid within 3 years |
| Answer» C. Amounts payable to a company due to be paid in 1 year | |
| 696. |
To which of the following writing doesgraphapply - |
| A. | Check |
| B. | Bill |
| C. | savings certificate |
| D. | Check |
| Answer» B. Bill | |
| 697. |
What is teaser loan |
| A. | Fixed interest rate charged by banks |
| B. | floating interest rate charged by banks |
| C. | In the beginning the rate of interest is low and in later years it increases tremendously. |
| D. | The rate of interest falls very low in subsequent years |
| Answer» D. The rate of interest falls very low in subsequent years | |
| 698. |
Which of the following cannot be transferred from one person to another by written endorsement? |
| A. | fixed deposit receipt |
| B. | Check |
| C. | bills of exchange |
| D. | savings certificate |
| Answer» B. Check | |
| 699. |
100 from one gram to a branch of the bank. A counterfeit note is received, which the customer wants back. Which of the following action should the bank take? |
| A. | return note to customer |
| B. | note impounding and non-returning |
| C. | Will ask to change note |
| D. | will replace the note with the original note |
| Answer» C. Will ask to change note | |
| 700. |
As a result of reducing the bank rate of the Reserve Bank of India - |
| A. | Increases market liquidity |
| B. | market liquidity decreases |
| C. | Has no effect on market liquidity |
| D. | Commercial banks collect more deposits |
| Answer» B. market liquidity decreases | |