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Economy MCQ practice free online · page 14

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131HPPSC2014EconomyEnglish
Shanta Kumar Committee has submitted its report on restructuring of Food Corporation of India (FCI) to Mr. Modi. Read the following recommendations and find the incorrect ones. 1. FCI procurement should focus on the western belt, where farmers get the minimum support price. 2. FCI should hand over the procurement of wheat and rice to four states which include Punjab, Haryana, Andhra Pradesh and Chattisgarh. 3. Proposed uniform tax of minimum 3% and maximum 4% on wheat and rice and the same to be included in the minimum support price.
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Correct option: A — Only 1 and 2
132HPPSC2010EconomyEnglish
Which one of the following led the Malegam committee to recommend for interest rate cap for micro-finance institutions?
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Correct option: B — High interest rate
133UPPSC2010EconomyEnglish
RBI has set up a committee to study and give suggestion on the microfinance sector. It’s chairman was
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Correct option: A — Y.H. Malegam
134UPSC2011EconomyEnglish
Micro-finance is the provision services to people of low-income groups. This includes both the consumers and the self-employed. The service/services rendered under micro-finance is/are 1. Credit-facilities 2. Saving facilities 3. Insurance facilities 4. Fund transfer facilities Select the correct answer using the codes given below.
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Correct option: D — 1, 2, 3 and 4
135PPSC2011EconomyEnglish
Why is the Government of India disinvesting its equity in the Central Public Sector Enterprises (CPSEs)? 1. Government intends to use the revenue earned from the disinvestment mainly to pay back the external debt. 2. The government no longer intends to retain the managements control of the CPSEs. Which of the statement(s) given above is/are correct?
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Correct option: D — Neither 1 nor 2
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136UPPSC2016EconomyEnglish
As per Micro, Small and Medium Enterprises Development Act 2006, medium enterprises are defined as those with the investment of
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Correct option: B — ₹ 5 crores to ₹ 10 crores
137UPPSC2014EconomyEnglish
In relation to Agricultural Finance and Refinance which institution is the biggest?
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Correct option: B — NABARD Institution
138UPPSC2011EconomyEnglish
The registered exporters, whose export performance in several years is of high quality, are known as
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Correct option: C — Star Trading Houses
139UPPSC2011EconomyEnglish
Import procedure begins with
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Correct option: C — Indent
140UPPSC2004EconomyEnglish
Concept of ‘Joint Sector’ for industrial development of India was envisaged in Industrial Policy Resolution of
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Correct option: B — 1956

Economy practice — common questions

Page 14 of this set has 10 questions on it.

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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.

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Economy MCQ practice free online · page 14

Which one of the following led the Malegam committee to recommend for interest rate cap for micro-finance institutions?

RBI has set up a committee to study and give suggestion on the microfinance sector. It’s chairman was

As per Micro, Small and Medium Enterprises Development Act 2006, medium enterprises are defined as those with the investment of

In relation to Agricultural Finance and Refinance which institution is the biggest?

The registered exporters, whose export performance in several years is of high quality, are known as

Import procedure begins with

Concept of ‘Joint Sector’ for industrial development of India was envisaged in Industrial Policy Resolution of

Economy practice — common questions