WhatsApp Group Join Now
Telegram Group (170K+) Join Now

INDIAN ECONOMY MCQs

INDIAN ECONOMY MCQs

DOWNLOAD MOBILE APPLICATION TO LEARN MORE: INDIAN ECONOMY MCQs

Q81. What is meant by foreign exchange rate?
a) rate of exchange measures units of production
b) rate of exchange measures number of units of one currency which is exchanged in the foreign market for one unit of another
c) an exchange rate which estimates the market share
d) a rate of exchange which is fixed by the Government

ANSWER:B
Q82. How many types of exchange rate do we have?
a) 5
b) 7
c) 3
d) 2

ANSWER:D
Q83. Gold Standard System of Exchange Rate is the variant of which exchange
rate system?
a) Adjustable Peg System of Exchange rate
b) Flexible Exchange Rate System
c) Fixed Exchange Rate System
d) B only

ANSWER:C
Q84. How do we determine the rate of exchange of a country’s currency?
a) by the forces of import & export
b) by the forces of supply and demand in the foreign exchange market
c) by the payment of international loans
d) with the help of the investment in rest of the world

ANSWER:B
Q85. Why is foreign exchange demanded?
a) payments of international loans
b) gifts & grants to rest of the world
c) investment in rest of the world
d) all of the above

ANSWER:D

DOWNLOAD MOBILE APPLICATION TO LEARN MORE: INDIAN ECONOMY MCQs
Q86. What is Foreign Exchange Market?
a) refers to the market of export & import of goods
b) a market for national currencies of different countries in the world
c) a market where transactions are meant for future delivery
d) a only

ANSWER: B 
Q87. Which one is the function of Foreign Exchange Market?
a) transfer function ,credit function
b) hedging functions
c) a only
d) a & b both

ANSWER:D
Q88. What is the principal characteristic of Spot Market?
a) it prevail at the time when transactions are incurred
b) it does not prevail in future deliveries
c) a only
d) a & b both

ANSWER:D
Q89. How forward market can be defined?
a) a market where the transactions are meant for future delivery
b) it is that place where the imported goods are sold
c) a market which handles only current transactions
d) b only

ANSWER:A
Q90. What is Managed Floating System?
a) it is related to the adjustment of forward transactions
b) a system that allows adjustment in exchange rate according to a set of rules and regulations
c) a system which includes flexible exchange rate
d) a system that allows adjustment in exchange rate without any rules

ANSWER: B 

DOWNLOAD MOBILE APPLICATION TO LEARN MORE: INDIAN ECONOMY MCQs

Q91. What is the current Bank Rate?
a) 4%
b) 3%
c) 6.75%
d) 8%

ANSWER:C

Q92. How much the difference between Repo Rate and Reverse Repo is going on?
a) 0.5%
b) 0.2%
c) 0.3%
d) 0.7%

ANSWER:A

Q93. What is the current CRR & CAR?
a) 4% (CRR)
b) 12% (CAR)
c) a & b are correct
d) none

ANSWER:C

Q94. How much borrowings a bank can do through MSF window?
a) 2% of the NDTL
b) 1% of the NDTL
c) 3% of the NDTL
d) 5% of the NDTL

ANSWER:B

Q95. What was the WPI Food Inflation in August 2016?
a) 9.24%
b) 6.34%
c) 5.54%
d) 8.23%

ANSWER:D

DOWNLOAD MOBILE APPLICATION TO LEARN MORE: INDIAN ECONOMY MCQs
Q96. On 31st March 2016 the External Debt to GDP ratio was?
a) 24.5%
b) 23.8%
c) 20.10%
d) None

ANSWER:B

Q97. How much the Oil Imports were in 2015-16?
a) $64.4bn
b) $54.76bn
c) $32.35bn
d) 22.10bn

ANSWER:A

Q98. Which among the following is the current rate of excise duty?
a) 13%
b) 12%
c) 23%
d) 15%

ANSWER:B

Q99. What was the production of onion in 2015-16?
a) 22mt
b) 24mt
c) 21mt
d) None

ANSWER:C

Q100. What is the state share of taxes and duties?
a) 25%
b) 26%
c) 30%
d) 23%

ANSWER:D

DOWNLOAD MOBILE APPLICATION TO LEARN MORE: INDIAN ECONOMY MCQs

ALSO STUDY : FOR COMPETITIVE EXAMINATIONS

Leave a Comment

Your email address will not be published. Required fields are marked *