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Indian Economy MCQ Question and Answer

1.Bank deposits that can be withdrawn without notice are called

  • AAccount payee deposits
  • BFixed deposits
  • CVariable deposits
  • DDemand deposits
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Correct Answer : (D)

Demand deposits
Explanation:

Bank deposits that can be withdrawn without notice are called Demand deposits.

2.Reserve Bank of India was nationalised in

  • A1947
  • B1948
  • C1949
  • D1951
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Correct Answer : (C)

1949
Explanation:

Reserve Bank of India was nationalised in 1949.

3.The head office of the State Bank of India(SBI) is located in

  • AKolkata
  • BNew Delhi
  • CMumbai
  • DAhmedabad
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Correct Answer : (C)

Mumbai
Explanation:

The head office of the State Bank of India(SBI) is located in Mumbai.

4.The head of the State Bank of India (SBI) is designated as

  • AExecutive Director
  • BGovernor
  • CDeputy Governor
  • DChairman
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Correct Answer : (D)

Chairman
Explanation:

The head of the State Bank of India (SBI) is designated as Chairman.

5.Who among the following has decided to withdraw its nominee directors from the boards of the private sector banks?

  • ARegistrar of Companies
  • BReserve Bank of India
  • CState Governor
  • DRegistrar of Co-operative Societies
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Correct Answer : (B)

Reserve Bank of India
Explanation:

6.The head office of the National Bank for Agriculture and Rural Development (NABARD) is located in

  • ANew Delhi
  • BHyderabad
  • CMumbai
  • DKolkata
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Correct Answer : (C)

Mumbai
Explanation:

The head office of the National Bank for Agriculture and Rural Development (NABARD) is located in Mumbai.

7.Which bank becomes the first bank to open its branch in China?

  • AIDBI Bank
  • BHDFC Bank
  • CState Bank of India
  • DPunjab National Bank
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Correct Answer : (C)

State Bank of India
Explanation:

State Bank of India becomes the first bank to open its branch in China.

8.The Banks are required to maintain a certain ratio between their cash in hand and total assets. This is called:

  • ASLR
  • BSBR
  • CCBR
  • DCRR
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Correct Answer : (D)

CRR
Explanation:

9.The interest rate at which the Reserve Bank of India lends to commercial banks in the short term to maintain liquidity is known as:

  • AInterest Rate
  • BRepo rate
  • CBank rate
  • DReverse repo rate
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Correct Answer : (B)

Repo rate
Explanation:

10.The head office of the Asian Development Bank (ADB) is in

  • AManila
  • BJakarta
  • CHonululu
  • DNairobi
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Correct Answer : (A)

Manila
Explanation:

The head office of the Asian Development Bank (ADB) is in Manila. 

Manila, capital and chief city of the Philippines.

11.Where is the headquarter of International Bank for Reconstruction and Development (IBRD) located?

  • AGeneva
  • BWashington D.C
  • CLondon
  • DParis
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Correct Answer : (B)

Washington D.C
Explanation:

12.The term "Paper Gold" means :

  • ASpecial Drawing Rights(SRD) of the IMF
  • BSpecial accommodation facility of the world Bank
  • CCurrencies still on Gold Standard
  • DDeficit Financing
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Correct Answer : (A)

Special Drawing Rights(SRD) of the IMF
Explanation:

13.In which year was the World Bank formed?

  • A1945
  • B1956
  • C1956
  • D1988
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Correct Answer : (A)

1945
Explanation:

14.National Rural Health mission was launched in

  • AOctober 2005
  • BAugust 2005
  • CApril 2005
  • DJuly 2005
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Correct Answer : (C)

April 2005
Explanation:

15.Laadli Laxmi Yojana has been launched for supporting girls of all religions and caste up to their marriage by

  • AUttar Pradesh government
  • BMadhya Pradesh government
  • CHaryana
  • Dnone of the above
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Correct Answer : (B)

Madhya Pradesh government
Explanation:

16.The term “Black Revolution” in India is associated with

  • ASelf-dependence in the production of coal
  • BNurturing the Black Soil
  • CSelf-dependence in the production of petroleum crude oil
  • DSelf-dependence in the production of black corp
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Correct Answer : (C)

Self-dependence in the production of petroleum crude oil
Explanation:

17.In which position Railway Network system India ranks in the world?

  • ASecond
  • BFirst
  • CFourth
  • DThird
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Correct Answer : (C)

Fourth
Explanation:

18.The Money Order system in India was introduced in the year

  • A1999
  • B1880
  • C1882
  • D1904
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Correct Answer : (B)

1880
Explanation:

19.Finance Commission is constituted after every

  • A3 years
  • B5 years
  • C6 years
  • D4 years
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Correct Answer : (B)

5 years
Explanation:

20.The central theme of the Chipko Movement started by Sunderlal Bahuguna in 1973 was

  • AConservation of Forests
  • BConservation of river water
  • CProtection of birds
  • DProtection of cheetals
Answer / Hint Save Question Comment On Question
Correct Answer : (A)

Conservation of Forests
Explanation:

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