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Economy MCQ practice free online · page 43

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. 421UPPSC2004EconomyEnglish

    Consider the following statements. 1. Gorewal Committee recommendation led to the establishment of State Bank of India. 2. 14 banks were nationalised on July 19, 1969. Which of the statement(s) given above is/are correct?

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    Correct option: C — Both 1 and 2

  2. 422BPSC2018EconomyEnglish

    The Prevention of Money Laundering Act came into force in India during

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    Correct option: D — 2005

  3. 423UPPSC2018EconomyEnglish

    As in December 2017, Indian government’s holding in which of the following banks was maximum?

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    Correct option: B — United Bank of India

  4. 424UPSC2018EconomyEnglish

    With reference to the governance of public sector banking in India, consider the following statements. 1. Capital infusion into public sector banks by the Government of India has steadily increased in the last decade. 2. To put the public sector banks in order, the merger of associate banks with the parent State Bank of India has been affected. Which of the statement(s) given above is/are correct?

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    Correct option: C — Both 1 and 2

  5. 425UPSC2018EconomyEnglish

    Which one of the following statements correctly describes the meaning of legal tender money?

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    Correct option: B — The money which a creditor is under compulsion to accept in settlement of his claims

  6. 426UPSC2018EconomyEnglish

    Consider the following statements. 1. The Reserve Bank of India manages and services Government of India Securities but not any State Government Securities. 2. Treasury bills are issued by the Government of India and there are no treasury bills issued by the State Governments. 3. Treasury bills offer are issued at a discount from the par value. Which of the statement(s) given above is/are correct?

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    Correct option: C — Only 2 and 3

  7. 427UPSC2018EconomyEnglish

    Consider the following statements. 1. Capital Adequacy Ratio (CAR) is the amount that banks have to maintain in the form of their own funds to offset any loss that banks incur, if the accountholders fail to repay dues. 2. CAR is decided by each individual bank. Which of the statements given above is/are correct?

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    Correct option: A — Only 1

  8. 428UPSC2018EconomyEnglish

    Which one of the following best describes the term ‘Merchant Discount Rate’ sometimes seen in news?

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    Correct option: C — The charge to a merchant by a bank for accepting payments from his customers through the bank’s debit cards

  9. 429UPSC1999EconomyEnglish

    Assertion (A): Devaluation of a currency may promote export. Reason (R): Price of the country’s products in the international market may fall due to devaluation. In the context of the above two statements, select the correct answer from the codes given below.

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    Correct option: A — Both (A) and (R) are true and (R) is the correct explanation of (A)

  10. 430BPSC2015EconomyEnglish

    Match List-I with List-II and select the correct answer using the codes given below the lists. List-I (a) 1994 (b) 1964 (c) 1982 (d) 1987 List-II 1. Export-Import Bank of India 2. Industrial Development Bank of India 3. Industrial Credit and Investment Corporation of India 4. Board of Industrial and Financial Reconstruction

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    Correct option: C — a-3, b-2, c-1, d-4

Economy practice — common questions

Page 43 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".
Economy MCQ for Government Job Exams — Free Online Practice — Page 43 | GyanPrep