GK Quiz on Indian Economy Set XVII

GK Team of Jagran Josh is providing you a set of 10 MCQs of Indian Economy on different topics. These questions are made after observing the trend of different exams. So prepare yourself for the upcoming exams.

1. Which Bank launched first digital Bank “Pockets’, on a mobile phone recently in India?

a) HDFC
b) AXIS
c) ICICI
d) HSBC

2. The Finance Ministry, government of India has imposed an anti-dumping duty recently on which mineral

a) Thorium
b) Monazite
c) Graphite electrodes
d) Uranium

3. Which of the following brings out the 'Consumer Price Index Number for Industrial Workers'?

(a) The Reserve Bank of India
(b) The Department of Economic Affairs
(c) The Labour Bureau
(d) The Department of Personnel and Training

4. Which of the following has/have been accorded 'Geographical Indication’ status?

1. Banaras Brocades and Sarees
2. Rajasthani Daal-Bati-Churma
3. Tirupathi Laddu

Select the correct answer using the code given below.

(a) 1 only    
(b) 2 and  3 only
(c) 1 only 3 only
(d) 1, 2 and 3

5. The lowering of Bank Rate by the Reserve Bank of India leads to

(a) More liquidity in the market
(b) Less liquidity in the market
(c) No change in the liquidity in the market
(d) Mobilization of more deposits by commercial banks

6. India is regarded as a country with "Demographic Dividend". This is due to

(a) Its high population in the age group below 15 years
(b) Its high population in the age group of 15-64 years
(c) Its high population in the age group above 65 years
(d) Its high total population

7. A "closed economy" is an economy in which

(a) The money supply is fully controlled
(b) Deficit financing takes place
(c) Only exports take place
(d) Neither exports nor imports take place

8. The main objective of the 12th Five-Year Plan is………

(a) Inclusive growth and poverty reductions
(b) Inclusive and sustainable growth
(c) Sustainable and inclusive growth to reduce unemployment
(d) Faster, sustainable and more inclusive growth.

9. With reference to Union Budget, which of the following is/are covered under Non-Plan Expenditure?

1. Defence -expenditure
2. Interest payments
3. Salaries and pensions
4. Subsidies,

Select the correct answer using the code given below.

(a) 1 only
(b) 2 and 3 only
(c) 1, 2, 3 and 4
(d) None

10. If the interest rate is decreased in an economy, it will

(a) Decrease the consumption expenditure in the economy.
(b) Increase the investment expenditure in the economy.
(c) Increase the tax collection of the Government
(d) Increase the total savings in the economy