Economics Quiz Set No. 20

Economics questions have been taken from previous years question papers of different competitive examinations such SSC CGL, SSC CHSL, CDS, NDA, Bank, State PSC, Railways, MAT, CAT, etc.

1 The holidays for the banks are declared as per

A) Reserve Bank Act B) Companies Act C) Banking Regulation Act D) Negotiable Instrument Act Answer is required

2 The Income Tax in India is?

A) Direct and proportional B) Indirect and proportional C) Indirect and progressive D) Direct and progressive Answer is required

3 The Issue Department of the RBI maintains a _______ against printing of notes:

A) Minimum Reserve System B) Proportional Reserve System C) Proportional Gold Reserve System D) Proportional Foreign Securities Reserve System Answer is required

4 The labour which creates value and gets rewarded for its services is called

A) average labour B) productive labour C) unproductive labour D) both skilled and unskilled labour Answer is required

5 The largest Public Sector Bank in India is:

A) Central Bank B) State Bank of India C) Punjab National Bank D) Bank of Baroda Answer is required

6 The liabilities of a commercial bank are: 1. time deposits, 2. security holdings, 3. demand deposits, 4. advances from the central bank.

A) 1, 2 and 3 B) 1, 3 and 4 C) 2 and 4 D) 1 and 3 Answer is required

7 The main difference between shares and debentures is :

A) debentures can only be issued after shares B) shareholders receive dividend on shares whereas debenture holders receive interest on debentures C) debentures can be partly converted into shares whereas shares cannot be converted into debentures D) shareholders are the owners of the company whereas debenture holders are the creditors of the company Answer is required

8 The main function of the Exim Bank is:

A) to help RBI in the regulation of foreign exchange B) to prevent unlicensed transaction C) to promote exports and curtail imports D) to conserve foreign exchange Answer is required

9 The main objective of First Five-year Plan was:

A) industrial growth B) economic growth C) development of agriculture including irrigation and power projects D) self-reliance Answer is required

10 The main source of India's national income is?

A) Agriculture B) Industry C) Forestry D) None of these Answer is required

Online Economics Quiz Set No - 20