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INDIAN ECONOMY MCQs

INDIAN ECONOMY MCQs

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Q41. How we can define bank?
a) it is a lawful organisation which accepts deposits only
b) a lawful organisation which accepts deposits and can be withdrawn on demand
c) an organisation which meet the needs of agriculturist and poor people only
d) an organisation which accepts gold, jewellery only

ANSWER : B
Q42. Which one is the role of Banking?
a) encourages saving habit
b) facilitates business transactions receipts &payment by cheques
c) facilitates import export transactions
d) all of the above

ANSWER : D
Q43. Banking system of India is broadly classified into how many types of banks?
a) 6
b) 7
c) 5
d) 9

ANSWER : C
Q44. What is a Central Bank?
a) a bank which entrusted with the functions of guiding and regulating the banking system
b) a bank which accepts the deposits
c) it controls the activities of businessman
d) none of the above

ANSWER : A
Q45. What is the meaning of Commercial Bank?
a) a bank which give loans to the farmers
b) a bank which accepts deposits & grant short term loans & advances to the customers
c) a only
d) a & b both

ANSWER : B

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Q46. How many types of commercial banks do we have?
a) 4
b) 5
c) 9
d) 3

ANSWER : D
Q47. What are public sector banks?
a) banks where majority stake is held by Government or RBI of India
b) where the share capital of the bank is held by private individuals
c) banks which are controlled by foreign countries
d) banks where the State Government having the control

ANSWER : A
Q48. How Private Sector Banks can be defined?
a) the banks whose share capital is held by NRI’s
b) those banks which are having the head office in Foreign Country
c) the banks where the majority of share capital of the bank is held by private individuals
d) private & public sector banks are same

ANSWER : C
Q49. How many nationalized banks are there in Public Sector Banks?
a) 20
b) 24
c) 15
d) 19

ANSWER : D
Q50. What are Foreign Banks?
a) the banks which are controlled by the residents of foreign country
b) the banks which are registered & having their headquarters in a foreign country
c) having the branches in our country
d) b & c both

ANSWER : D

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51. When did Farrukhsiyar become the Mughal emperor?
a) 1707
b) 1712
c) 1713
d) 1719

ANSWER: C

52. When did Farrukhsiyar die?
a) 1719
b) 1739
c) 1747
d) 1748

ANSWER: A

53. When did Nadir Shah invade India?
a) 1719
b) 1739
c) 1747
d) 1748

ANSWER: B

54. When did Nadir Shah die?
a) 1747
b) 1748
c) 1749
d) 1752

ANSWER:A

55. When did Bahadur Shah Zafar die?
a) 1806
b) 1837
c) 1857
d) 1862

ANSWER:D
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56. Who was the founder of Maratha empire?
a) Balaji Baji Rao
b) Shivaji
c) Sambhaji
d) Shahu

ANSWER:B

57. When was Shivaji born?
a) 1627
b) 1659
c) 1674
d) 1680

ANSWER:A

58. When did Shivaji die?
a) 1659
b) 1674
c) 1680
d) 1713

ANSWER:C

59. Who founded the Peshwa dynasty?
a) Balaji Vishwanath
b) Madhavrao Ballal
c) Narayanrao
d) Raghunathrao

ANSWER:A

60. When did Baji Rao die?
a) 1713
b) 1720
c) 1740
d) 1761

ANSWER:C

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