Indian Economy MCQs

Q.  Which of the following countries is not a member of BIMSTEC?

a. China
b. Bhutan
c. Nepal
d. Myanmar


ANSWER: See Answer
 
Members of BIMSTEC (Bay of Bengal Initiative for Multi- Sectoral Technical and Economic) are Bangladesh, India, Myanmar, Sri Lanka, Thailand, Bhutan and Nepal.
MCQs:  What provisions have been made in India to tackle the menace of bonded labour? 1: There are clear provisions in the constitution that prohibit bonded labour 2: The parliament has passed a special law to address problem of bonded labour Select the correct option from the codes given below:
Category: General Knowledge Quiz,   Published by: T-Code Scripts
MCQs:  Tendulkar Committee report has revealed that in 2004-05, India’s poverty which was measured 27% at that time is actually increased more than 10% and actual poverty was 37% . Which among the following was the reason behind these two conflicting measures of poverty in India?
Category: General Knowledge Quiz,   Published by: T-Code Scripts
MCQs:  The minimum interest rate of a bank below which it is not viable to lend, is known as ____:
Category: General Knowledge Quiz,   Published by: T-Code Scripts
MCQs:  Consider the following Statements: 1: Core Inflation is essentially demand driven. 2: Core Inflation includes items that face volatile price movement. Which of the following Statement(s) given above is/are correct?
Category: General Knowledge Quiz,   Published by: T-Code Scripts
MCQs:  What term is used for maximum capital which the company can raise in its life time?
Category: General Knowledge Quiz,   Published by: T-Code Scripts
MCQs:  Which among the following is / are asset(s) for a bank? 1: Cash Deposits of Customers 2: Investments made by Bank’s customers in its financial Products 3: The loans disbursed by Bank to its customers Select the correct option from the codes given below:
Category: General Knowledge Quiz,   Published by: T-Code Scripts
MCQs:  With reference to the Limited Liability Partnerships (LLPs) companies, consider the following statements: 1. LLP is a legal entity separate from its partners 2. The partners in a LLP are liable for independent or unauthorised acts of other partners 3. Private companies are allowed in India to get converted into LLPs Choose the correct option from the codes given below:
Category: General Knowledge Quiz,   Published by: T-Code Scripts
MCQs:  The origin of modern postal system in India goes to the times of __:
Category: General Knowledge Quiz,   Published by: T-Code Scripts
MCQs:  Which of the following statements is/are correct with respect to Budgeting system in India? 1: While a vote-on-account deals only with the expenditure side of the government’s budget, interim budget is a complete set of accounts, including both expenditure and receipts 2: Vote on account can be passed for maximum two months, with maximum amount withdrawal being one-sixth of total budget of the year Select the correct option from the codes given below:
Category: General Knowledge Quiz,   Published by: T-Code Scripts
MCQs:  Which among the following activities can result in widening of revenue deficit of the government? 1. Government approves the revised pay scale as per 7th Pay commission 2. Government announces a waiver of farm loans 3. Oil prices decrease sharply 4. Government launches successful auction of coal mines Select the correct option from the codes given below:
Category: General Knowledge Quiz,   Published by: T-Code Scripts
MCQs:  Which among the following indicate that a particular country is undergoing “Economic Development”? 1: Changing structure of GDP in favour of industry 2: Institutional changes in an economy 3: Larger Capital Inflows 4: Larger share of service industry in GDP Select the correct option from the codes given below:
Category: General Knowledge Quiz,   Published by: T-Code Scripts
MCQs:  Which of the following is / are correct statements regarding World Trade Organisation (WTO)? 1: Member countries exercise voting rights as per their size of economy 2: General Council is the topmost decision-making body of the WTO 3: Council for TRIPS operates under Ministerial Conference Select the correct option from the codes given below:
Category: General Knowledge Quiz,   Published by: T-Code Scripts
MCQs:  Which among the following can be substantially affected by the foreign capital inflows in a developing country such as India? 1. Exchange Rates 2. Domestic monetary conditions 3. Domestic Savings and Investments Choose the correct option from the codes given below:
Category: General Knowledge Quiz,   Published by: T-Code Scripts
MCQs:  Consider the following statements about “Totalization Agreement”: 1: The agreement envisages the participating countries to reduce their export subsidies to zero by 2022 2: India has recently signed the Totalization Agreement with USA Which of the above statements is/are correct?
Category: General Knowledge Quiz,   Published by: T-Code Scripts
MCQs:  Consider the following statements: 1. Issue of shares at a premium represents a Capital Profit for a company 2. Issue of shares at a discount is not allowed in India Which among the above is / are correct?
Category: General Knowledge Quiz,   Published by: T-Code Scripts
MCQs:  The term ‘Masala Bond’, sometimes appearing in news, is used in relation to __:
Category: General Knowledge Quiz,   Published by: T-Code Scripts
MCQs:  World Bank has recently classified India into:
Category: General Knowledge Quiz,   Published by: T-Code Scripts
MCQs:  Consider the following statements about National Income of India: 1: The first estimate on National income was prepared by Dadabhai Naoroji 2: Currently, the estimate of National Income is prepared by Central Statistics Organisation (CSO) Which of the above statements is/are correct?
Category: General Knowledge Quiz,   Published by: T-Code Scripts
MCQs:  With reference to various types of Banking, what is “Mixed Banking”?
Category: General Knowledge Quiz,   Published by: T-Code Scripts
MCQs:  In context with the current account and capital account flows in India, consider the following statements: 1: Current account flows arise out of transactions in goods and services, capital account flows are essential in various kinds of loans and equity investments 2: Current account flows can be reversed, Capital Account flows are permanent in nature 3: India today has controls on both capital account transactions as well as on the current account with the local currency fixed by the central bank. Which among the above statements is/ are correct?
Category: General Knowledge Quiz,   Published by: T-Code Scripts