Indian Economy MCQ Practice Set Questions Answers – Series 3
1) Debenture holders of a company are its
a) shareholders
b) creditors
c) debtors
d) directors
2) By which one of the following years does the Eleventh Five Year Plan aim at achieving 10% rural tele-density in India from 1.9%?
a) 2009
b) 2010
c) 2011
d) 2012
3) The Second Five Year Plan laid more stress upon:
(a) agriculture
(b) industrialization
(c) removing poverty
(d) self-reliance
4) Poverty Gap is :
(a) the difference between poverty line and actual income levels of all those living below that line
(b) gap between the rich and the poor
(c) gap between developed nations and developing nations
(d) gap in infrastructural facilities between developed and developing nations
5) Ten rupee notes bear the signature of:
(a) President
(b) Finance Minister
(c) Secretary, Ministry of Finance
(d) Governor, Reserve Bank of India
6) Broad money in India is :
(a) M1
(b) M2
(c) M3
(d) M4
7) Nationalization of banks was done with the purpose of:
(a) financing the industries
(b) improving credit facilities
(c) consolidating the economy
(d) improving security of deposits
8) The banks are required to maintain a certain ratio between their cash in hand and total assets. This is called:
(a) SBRC (Statutory Bank Ratio)
(b) SLR (Statutory Liquid Ratio)
(c) CBR (Central Bank Reserve)
(d) CLR (Central Liquid Reserve)
9) Which of the following is at the apex of Industrial Finance in India?
(a) Industrial Finance Corporation
(b) Reserve Bank of India
(c) Industrial Development Bank of India
(d) Industrial Credit and Investment Corporation of India
10) If the price of an inferior good falls, its demand:
(a) rises
(b) falls
(c) remains constant
(d) can be any of the above