GS(UPSC): Indian Economy

This is an MCQ-based quiz for UPSC, SSC, and other Government Exams.

Indian economy is termed the developing economy of the world. Some features like low per capita income, higher population below the poverty line, poor infrastructure, agriculture-based economy, and a lower rate of capital formation, tagged it as a developing economy globally.

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Which among the following is considered to be the main determinant of the level of activity is in national income terms?

The level of taxation Realized investment Planned saving Factor mobility

Which among the following is not an international agreement centered around Finance and Economic Cooperation?

Abuja Treaty Cooperation Council for the Arab States of the Gulf Kyoto protocol None of the above

Which among the following is a opposite activity of hedging in share / currency /future markets?

arbitrage speculation spread short

Which among the following is not used by Reserve Bank of India for quantitative Control of Credit ?

Cash Reserve Ratio Bank Rate Open market Operation Margin Requirement

Which among the following works as central processing agent in RTGS?

Reserve Bank of India Institute for Development & Research in Banking Technology Indian Financial Network Indian Banks Association

Which among the following represents the Financial Year of the International Monetary Fund?

January 1 to December 31 February 1 to January 31 April 1 to March 31 May 1 to April 30

Which among the following are TOP 3 debtors of World Bank ?

India, South Africa, Mexico India, Mexico, South Africa India, Mexico, Pakistan Mexico, India, South Africa

From time to time, which among the following body publishes the “Exchange Control Manual” in context with the Foreign Exchange in India?

Foreign Trade Promotion Board Department of Commerce Reserve Bank of India SEBI

Which among the following is correct in context with the Brown ATMs (Automated Teller Machines) ?

ATMs owned by Foreign Companies ATMs not owned by banks but by private ATM service providers. Outsourced ATM Service by Banks – The ATM named under a brand sponsor bank but ATM machine not owned by the Bank ATMs owned by Government

Imposing an Import quota helps in__:

correcting unfavorable balance of payments
improving the balance of trade
protecting domestic industries
promoting exports
Select the correct option from the codes given below:

Only 1 & 2

Only 1 & 3

Only 1, 2 & 3

1, 2, 3 & 4

Quiz/Test Summary

Title: GS(UPSC): Indian Economy

Questions: 10

Contributed by:

Diego Thu, May 26, 2022 09:50 AM UTC

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