Indian Economy MCQs
Indian Economy Multiple Choice Questions (MCQs) for State and UPSC Civil Services Examinations. Objective Questions on Indian Economy for competitive examinations.
31. What is the annual untied grant for a Village Health Fund under the Village Health & Sanitation Committee, constituted by a state governments under the Panchayati Raj Institutions umbrella of implementation of National Rural Health Mission?
[A] Rs. 10, 000
[B] Rs. 20, 000
[C] Rs. 30, 000
[D] Rs. 40, 000
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Correct Answer: A [Rs. 10, 000]
32. In which year Indian Railway was nationalized?
[A] 1947
[B] 1950
[C] 1952
[D] 1955
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33. Which among the following scheme was NOT started in the Eighth Five Year Plan?
[A] Members of parliament Local Area Development
[B] Scheme for Infrastructural Development in Mega Cities
[C] Mahila Samridhi Yojna
[D] Jawahar Rozgar Yojana
Show Answer
Correct Answer: D [Jawahar Rozgar Yojana]
Notes:
Jawahar Rozgar Yojana was started in 7th plan
34. In which year Marine Products Export Development Authority (MPEDA), was established?
[A] 1970
[B] 1972
[C] 1974
[D] 1976
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35. A Maharatna company can invest up to which among the following amounts in a project independently?
[A] Rs. 1000 Crore
[B] Rs. 5000 Crore
[C] Rs. 10000 Crore
[D] Rs. 15000 Crore
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Correct Answer: B [Rs. 5000 Crore]
36. Collateralized Borrowing and Lending Obligation (CBLO) is a ____?
[A] Money Market Instrument
[B] Monetary Policy Instrument
[C] Investment fund
[D] Capital Market Instrument
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Correct Answer: A [Money Market Instrument]
37. There are some stocks in the stock market which by nature are low-priced, speculative and risky because of their limited liquidity, following and disclosure. What do we call these stocks?
[A] Green Stock
[B] Penny Stock
[C] Concentrated Stock
[D] Microcap stock
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Correct Answer: B [Penny Stock]
38. Commercial Paper (CP) is an unsecured money market instrument issued in the form of a _____?
[A] Demand Draft
[B] Cheque
[C] Bill of Exchange
[D] Promissory Note
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Correct Answer: D [Promissory Note]
39. Why the Indirect taxes are termed regressive taxing mechanisms?
[A] They are charged at higher rates than direct taxes
[B] They are charged the same for all income groups
[C] They are not charged the same for all income groups
[D] ]None of the above is a correct reason
Show Answer
Correct Answer: B [They are charged the same for all income groups]
Notes:
The indirect taxes like VAT etc are paid by everyone if they buy any product irrespective of financial conditions. Direct taxing is considered the most progressive taxing mechanisms because they justify the income levels of the people
40. Currently, which among the following products is facing imports ban from China?
[A] Milk and Milk products
[B] Rice
[C] Telecom equipment
[D] Heavy electrical engineering equipment
Show Answer
Correct Answer: A [Milk and Milk products]
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