General awareness Quiz : 5 JULY 2024
Q 1.The Reserve Bank of India (RBI) uses the Marginal Cost of Funds based Lending Rate (MCLR) to determine:
a) Savings account interest rates
b) Fixed deposit rates
c) Loan and credit interest rates
d) Foreign exchange rates
c) Loan and credit interest rates
Q 2.India’s economic planning is characterized as:
a) Completely centralized
b) Democratic and indicative
c) Market-driven with no government role
d) Focused solely on heavy industries
b) Democratic and indicative
Q 3.The term “Take-off Stage” refers to a period in an economy with:
a) Stagnant or slow growth
b) Rapid and sustained economic growth
c) High levels of unemployment
d) Predominantly agricultural sector
b) Rapid and sustained economic growth
Q 4.The main objective of Globalization for the Indian Economy is:
a) Increased government control
b) Self-sufficiency and import substitution
c) Minimum restrictions on international trade
d) Focus on domestic production only
c) Minimum restrictions on international trade
Q 5.Which of the following is NOT a component of National Income?
a) Government expenditure
b) Private consumption expenditure
c) Income tax collected
d) Net factor income from abroad
c) Income tax collected
Q6.Reducing the Cash Reserve Ratio (CRR) by the RBI would lead to:
a) Decrease in bank credit creation
b) Increase in bank credit creation
c) No change in credit creation
d) Rise in interest rates
b) Increase in bank credit creation
Q 7.The Five Year Plans in India are launched by:
a) Ministry of Finance
b) NITI Aayog (formerly Planning Commission)
c) Reserve Bank of India
d) State Governments
b) NITI Aayog (formerly Planning Commission)
Q 8.Public Distribution System (PDS) is a program aimed at:
a) Promoting exports
b) Providing subsidized food grains to the poor
c) Encouraging foreign investment
d) Increasing agricultural production
b) Providing subsidized food grains to the poor
Q 9.A major challenge faced by the Indian Economy is:
a) Lack of skilled workforce
b) High fiscal deficit
c) Uneven distribution of income
d) All of the above
d) All of the above
Q 10.The Golden Revolution in India is associated with the increased production of:
a) Food grains
b) Fruits and vegetables
c) Cotton
d) Milk
b) Fruits and vegetables
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