Indian Economy MCQs

Q11. Who presented the draft of the First five year plan (1951-56) ?
(a) P.C. Maholanobis
(b) K.N. Raj
(c) J.C. Kumarappa
(d) Jawaharlal Nehru

(d) Jawaharlal Nehru

Q12. The term ‘smart money’ is used in –
(a) internet banking
(b) credit card
(c) bank savings account
(d) bank current account

(b) credit card

Q13. The currency received by the State Governments is deposited in –
(a) the Contingency Fund
(b) Joint fund
(c) General Development Fund
(d) Public Accounts Fund

(d) Public Accounts Fund

Q14. An increase in the bank rate is an indication that –
(a) the market rate of interest is likely to fall
(b) the Central Bank is no more lending to commercial banks
(c) the Central Bank is following cheap money policy
(d) the Central Bank is following dear money policy

(d) the Central Bank is following dear money policy

Q15. Bank rate is the rate at which –
(a) a bank lends to common people
(b) the Reserve Bank of India lends to common people
(c) The Government of India lends to other countries
(d) the Reserve Bank of India re-discounts the bills of commercial banks

(d) the Reserve Bank of India re-discounts the bills of commercial banks

Q16. What is hard currency ?
(a) the currency whose demand is less than its supply
(b) the currency whose supply is less than its demand
(c) the currency whose supply is equal to its demand
(d) none of the above

(b) the currency whose supply is less than its demand

Q17. SEBI relates to –
(a) State Exchange Board of India
(b) Securities and Exchange Board of India
(c) Stock Exchange Board of India
(d) none of the above

(b) Securities and Exchange Board of India

Q18. Where was the rural employment scheme named Employment Guarantee Scheme started first ?
(a) West Bengal
(b) Punjab
(c) Kerala
(d) Maharashtra

(d) Maharashtra

Q19. Bharat Nirman’ is a programme to develop –
(a) Indian industries
(b) Indian agriculture
(c) Indian metro cities
(d) Indian rural life

(d) Indian rural life

Q20. When is the World Population Day observed ?
(a) 10 Oct
(b) 20 Dec
(c) 6 Nov
(d) 11 July

(d) 11 July

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