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.

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Total Questions

Practice Questions

Page 48 of 111
Question #941
NABARD was established in 1982 based on the recommendations of:
A. Rangarajan Committee
B. Sivaraman Committee
C. Narasimham Committee
D. Kelkar Committee
Discuss
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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. Ministry of Finance
B. Reserve Bank of India
C. IRDA
D. SEBI
Discuss
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Correct Answer: Option B

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. export finance
B. small collateral-free loans to low-income households
C. large corporate loans
D. infrastructure finance
Discuss
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Correct Answer: Option B

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. SEBI
B. NABARD
C. IRDA
D. EXIM Bank
Discuss
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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. providing crop insurance
B. building infrastructure
C. universal financial inclusion with bank accounts and RuPay cards
D. providing pensions to all
Discuss
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Correct Answer: Option C

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. Market Controlled Lending Rate
B. Marginal Cost of Funds based Lending Rate
C. Minimum Cost of Lending Rate
D. Maximum Cost of Lending Rate
Discuss
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Correct Answer: Option B

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. base rate only
B. external benchmarks such as repo rate or Treasury bill yield
C. fixed deposit rate
D. MCLR only
Discuss
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Correct Answer: Option B

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. corporate equity shares
C. long-term government securities
D. foreign exchange only
Discuss
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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. corporate bonds
B. commercial paper
C. gilt-edged securities
D. certificates of deposit
Discuss
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Correct Answer: Option C

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. 1995
C. 1988
D. 2000
Discuss
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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. trading of existing shares
C. new issue of securities
D. only government bonds
Discuss
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Correct Answer: Option C

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. National Stock Exchange
B. Multi Commodity Exchange
C. Bombay Stock Exchange
D. India International Exchange
Discuss
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Correct Answer: Option C

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. National Stock Exchange
B. Securities and Exchange Board of India
C. Commodity Exchange
D. Bombay Stock Exchange
Discuss
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Correct Answer: Option A

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
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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. foreign exchange reserves
C. government cash balances
D. dematerialized securities
Discuss
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Correct Answer: Option D

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 government bonds
C. only real estate
D. only fixed deposits
Discuss
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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. 1991
B. 2003
C. 1999
D. 2008
Discuss
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Correct Answer: Option C

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. State governments only
B. RBI on behalf of the Central Government
C. SEBI
D. commercial banks
Discuss
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Correct Answer: Option B

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. 182 days
B. 91 days
C. 364 days
D. 730 days
Discuss
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Correct Answer: Option D

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. individuals
B. highly rated corporate borrowers
C. state governments
D. RBI
Discuss
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Correct Answer: Option B

Explanation:
Commercial paper is an unsecured short-term instrument issued by highly rated corporate borrowers.
This question belongs to: Economy GK Economy Set 1
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Practice Mix
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The compound interest on Rs. 3000 at 8% per annum for 1 year compounded half-yearly is:
The Right to Education Act was enacted in:
Select the antonym of 'KNOTTY'.
A man buys a book for Rs. 150 and sells it for Rs. 180. What is the gain percent?