Economy Set 1 MCQs

Economy GK

Economy Set 1 MCQs

Practice Economy GK MCQs on basic economic concepts including economy, economics, microeconomics, macroeconomics, goods and services, demand and supply, factors of production, opportunity cost, economic activities, sectors of economy and other fundamental concepts frequently asked in SSC, Railway, Banking, UPSC, JKSSB, JKPSC, Police, Defence and other competitive examinations.

2220
Total Questions

Practice Questions

Page 48 of 111
Question #941
NABARD was established in 1982 based on the recommendations of:
A. Kelkar Committee
B. Sivaraman Committee
C. Narasimham Committee
D. Rangarajan Committee
Discuss
Get Complete Subject PDF for Economy GK

Correct Answer: Option B

Explanation:
NABARD was established on the recommendation of the Sivaraman Committee.
This question belongs to: Economy GK Economy Set 1
Question #942
Non-Banking Financial Companies are regulated by:
A. IRDA
B. Ministry of Finance
C. Reserve Bank of India
D. SEBI
Discuss
Get Complete Subject PDF for Economy GK

Correct Answer: Option C

Explanation:
NBFCs are regulated by the Reserve Bank of India.
This question belongs to: Economy GK Economy Set 1
Question #943
Microfinance institutions primarily provide:
A. infrastructure finance
B. export finance
C. small collateral-free loans to low-income households
D. large corporate loans
Discuss
Get Complete Subject PDF for Economy GK

Correct Answer: Option C

Explanation:
Microfinance institutions provide small collateral-free loans to low-income clients.
This question belongs to: Economy GK Economy Set 1
Question #944
The Self-Help Group Bank Linkage Programme in India is implemented mainly by:
A. EXIM Bank
B. NABARD
C. IRDA
D. SEBI
Discuss
Get Complete Subject PDF for Economy GK

Correct Answer: Option B

Explanation:
NABARD is the main implementing agency for the SHG-Bank Linkage Programme.
This question belongs to: Economy GK Economy Set 1
Question #945
Pradhan Mantri Jan Dhan Yojana primarily aims at:
A. building infrastructure
B. universal financial inclusion with bank accounts and RuPay cards
C. providing crop insurance
D. providing pensions to all
Discuss
Get Complete Subject PDF for Economy GK

Correct Answer: Option B

Explanation:
PMJDY aims at financial inclusion by providing bank accounts, RuPay cards, overdraft and insurance.
This question belongs to: Economy GK Economy Set 1
Question #946
MCLR stands for:
A. Maximum Cost of Lending Rate
B. Minimum Cost of Lending Rate
C. Marginal Cost of Funds based Lending Rate
D. Market Controlled Lending Rate
Discuss
Get Complete Subject PDF for Economy GK

Correct Answer: Option C

Explanation:
MCLR is the Marginal Cost of Funds based Lending Rate used by banks to set lending rates.
This question belongs to: Economy GK Economy Set 1
Question #947
External benchmark linked lending rates require banks to link retail and MSME loans to:
A. fixed deposit rate
B. MCLR only
C. external benchmarks such as repo rate or Treasury bill yield
D. base rate only
Discuss
Get Complete Subject PDF for Economy GK

Correct Answer: Option C

Explanation:
Banks link retail and MSME loans to external benchmarks such as the repo rate or Treasury bill yields.
This question belongs to: Economy GK Economy Set 1
Question #948
The call money market deals in:
A. very short-term interbank funds, usually overnight
B. long-term government securities
C. corporate equity shares
D. foreign exchange only
Discuss
Get Complete Subject PDF for Economy GK

Correct Answer: Option A

Explanation:
The call money market deals in very short-term interbank funds, often overnight.
This question belongs to: Economy GK Economy Set 1
Question #949
Government securities are also known as:
A. certificates of deposit
B. gilt-edged securities
C. commercial paper
D. corporate bonds
Discuss
Get Complete Subject PDF for Economy GK

Correct Answer: Option B

Explanation:
Government securities are called gilt-edged securities because of low default risk.
This question belongs to: Economy GK Economy Set 1
Question #950
SEBI was given statutory status in which year?
A. 1992
B. 2000
C. 1995
D. 1988
Discuss
Get Complete Subject PDF for Economy GK

Correct Answer: Option A

Explanation:
SEBI was established in 1988 and given statutory status in 1992.
This question belongs to: Economy GK Economy Set 1
Question #951
The primary market deals with:
A. foreign currency
B. new issue of securities
C. only government bonds
D. trading of existing shares
Discuss
Get Complete Subject PDF for Economy GK

Correct Answer: Option B

Explanation:
The primary market deals with the issuance of new securities.
This question belongs to: Economy GK Economy Set 1
Question #952
The Sensex is a stock market index of the:
A. India International Exchange
B. National Stock Exchange
C. Multi Commodity Exchange
D. Bombay Stock Exchange
Discuss
Get Complete Subject PDF for Economy GK

Correct Answer: Option D

Explanation:
The Sensex is the benchmark index of the Bombay Stock Exchange (BSE).
This question belongs to: Economy GK Economy Set 1
Question #953
Nifty is a stock market index of the:
A. Bombay Stock Exchange
B. National Stock Exchange
C. Securities and Exchange Board of India
D. Commodity Exchange
Discuss
Get Complete Subject PDF for Economy GK

Correct Answer: Option B

Explanation:
Nifty is the benchmark index of the National Stock Exchange (NSE).
This question belongs to: Economy GK Economy Set 1
Question #954
A demat account is used for:
A. trading only in commodities
B. holding shares in electronic form
C. holding foreign currency
D. banking transactions only
Discuss
Get Complete Subject PDF for Economy GK

Correct Answer: Option B

Explanation:
A demat account holds securities in electronic form.
This question belongs to: Economy GK Economy Set 1
Question #955
NSDL and CDSL are depositories for:
A. bank deposits
B. government cash balances
C. dematerialized securities
D. foreign exchange reserves
Discuss
Get Complete Subject PDF for Economy GK

Correct Answer: Option C

Explanation:
NSDL and CDSL are the two depositories that hold securities in dematerialized form.
This question belongs to: Economy GK Economy Set 1
Question #956
A mutual fund pools money from investors to invest in:
A. a diversified portfolio of securities
B. only fixed deposits
C. only government bonds
D. only real estate
Discuss
Get Complete Subject PDF for Economy GK

Correct Answer: Option A

Explanation:
A mutual fund invests pooled investor funds in a diversified portfolio of securities.
This question belongs to: Economy GK Economy Set 1
Question #957
Insurance Regulatory and Development Authority of India was established in which year?
A. 1999
B. 2008
C. 2003
D. 1991
Discuss
Get Complete Subject PDF for Economy GK

Correct Answer: Option A

Explanation:
IRDAI was established in 1999 following the IRDA Act.
This question belongs to: Economy GK Economy Set 1
Question #958
Treasury bills are issued by:
A. SEBI
B. commercial banks
C. State governments only
D. RBI on behalf of the Central Government
Discuss
Get Complete Subject PDF for Economy GK

Correct Answer: Option D

Explanation:
Treasury bills are short-term debt instruments issued by the RBI on behalf of the Central Government.
This question belongs to: Economy GK Economy Set 1
Question #959
Which of the following is NOT a maturity period for Treasury bills in India?
A. 91 days
B. 730 days
C. 182 days
D. 364 days
Discuss
Get Complete Subject PDF for Economy GK

Correct Answer: Option B

Explanation:
Treasury bills in India are issued for 91, 182 and 364 days.
This question belongs to: Economy GK Economy Set 1
Question #960
Commercial paper is a short-term instrument issued by:
A. highly rated corporate borrowers
B. state governments
C. individuals
D. RBI
Discuss
Get Complete Subject PDF for Economy GK

Correct Answer: Option A

Explanation:
Commercial paper is an unsecured short-term instrument issued by highly rated corporate borrowers.
This question belongs to: Economy GK Economy Set 1
Today's Top Topics
Economy Set 1 2220
Explore Subjects
Accountancy and Statistics 3179 English 15164 Computer 5279 Geography GK 6121 Reasoning 2064
Practice Mix
Which of the following is the primary reason for the high rainfall in the Eastern Ghats?
In Access, which of the following is a valid way to import data from an Excel spreadsheet?
Find the error: 'She has a beautiful hair.'
The shortcut to open the 'Find' dialog in MS Excel is:
The noun 'news' is singular, so we say: