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Economy MCQ practice free online · page 41

Questions from RRB, NTPC, Group D and JE past papers. Tap an option to check it instantly — every question shows the correct answer, and most carry the explanation the paper gave.

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  1. 401UPSC2004EconomyEnglish

    Consider the following statements. 1. The National Housing Bank (NHB), the apex institution of housing finance in India was set-up as a wholly-owned subsidiary of the Reserve Bank of India. 2. The Small Industries Development Bank of India was established as a wholly owned subsidiary of the Industrial Development Bank of India. Which of the statement(s) given above is/are correct?

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    Correct option: C — Both 1 and 2

  2. 402UPSC2004EconomyEnglish

    Consider the following statements. 1. Reserve Bank of India was nationalised in the year 1949. 2. The borrowing programme of the Government of India is handled by the Department of Expenditure, Ministry of Finance. Which of the statement(s) given above is/are correct?

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    Correct option: A — Only 1

  3. 403UPSC1996EconomyEnglish

    One of the important goals of the economic liberalisation policy is to achieve full convertibility of the Indian rupee. This is being advocated because

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    Correct option: B — it will attract more foreign capital inflow in India

  4. 404UPSC1996EconomyEnglish

    In India, rural incomes are generally lower than the urban incomes. Which of the following reasons account for this? 1. A large number of farmers are illiterate and know little about scientific agriculture. 2. Prices of primary products are lower than those of manufactured products. 3. Investments in agriculture has been low when compared to investment in industry.

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    Correct option: A — 1, 2 and 3

  5. 405UPSC1998EconomyEnglish

    The accounting year of the Reserve Bank of India is

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    Correct option: B — July - June

  6. 406UPSC1998EconomyEnglish

    Consider the following statements. The price of any currency in international market is decided by the 1. World Bank 2. Demand for goods/services provided by the country concerned. 3. Stability of the government of the concerned country. 4. Economic potential of the country in question of these statements. Select the correct answer using the codes given below.

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    Correct option: B — 2 and 3

  7. 407UPSC1998EconomyEnglish

    The banks are required to maintain a certain ratio between their cash in hand and total assets. This is called

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    Correct option: B — SLR (Statutory Liquidity Ratio)

  8. 408UPSC1998EconomyEnglish

    Capital Account convertibility of Indian Rupee implies

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    Correct option: C — that the Indian Rupees can be exchanged for any the purpose of trading financial assets

  9. 409UPSC2001EconomyEnglish

    Consider the following statements. Full convertibility of the rupee may mean 1. Its free float with any of the international currencies. 2. Its direct exchange with any other international currency at any prescribed place inside and outside the country. 3. It acts just like any other international currency. Which of these statements are correct?

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    Correct option: A — 1 and 2

  10. 410UPPSC2004EconomyEnglish

    Convertibility of the Rupee as it exists at present means

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    Correct option: C — Rupee is convertible into foreign currencies for all current transactions only

Economy practice — common questions

Page 41 of this set has 10 questions on it.

Are these Economy questions free to practise?
Yes. Every question on this page is free and needs no account. Create a free account only if you want your progress saved.
Where do these Economy MCQs come from?
They are taken from official past papers of Indian government recruitment exams such as RRB NTPC, RRB Group D and RRB JE, and each question keeps a reference to the exam it appeared in.
Are the questions available in Hindi?
Yes. Many papers are set in both languages, so a large share of these questions are available in Hindi. Use the language filter at the top of the page.
Do the questions show answers and explanations?
Every question shows the correct option. Where the source paper included a worked solution, the explanation is shown under "Show answer".