100+ Indian Economy MCQs | Indian Economy | Top Indian Economy MCQs with Answer Quiz |

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46. SSI stands for

A. small scale industries ,
B. small saving interest ,
C. saving social of india ,
D. all the three

A. small scale industries ,

47. SAIL was set up in

A. 1980.
B. 1970 .
C. 1974.
D. 1989.

C. 1974.

48. IISCO came under the control of :

A. rbi
B. sail
C. uti
D. pnb

B. sail

49. MARTP Act is related to …………….

A. industry
B. service
C. bank
D. shipping

A. industry

50. Small –scale industries contributed …………% towards total production of manufacturing :

A. 20.43
B. 5.83
C. 10.3
D. 16.79

B. 5.83

51. Bokaro Steel plant was started during ……………. plan .

A. first
B. second
C. third
D. fourth

D. fourth

52. Indian Iron and Steel company was established in ……………

A. 1919
B. 1909
C. 1976
D. 1090

B. 1909

53. …………… is known as the father of Iron and Steel company in India.

A. Jamshedji tata
B. ratan tata
C. Ambani
D. Mittal

A. Jamshedji tata

54. WTO prescribes export subsidies as:

A. competition
B. unfair competition
C. monopolistic competition
D. exploitation

B. unfair competition

55. Export promotion is an:

A. inward looking strategy
B. outward looking strategy
C. fiscal strategy
D. political strategy

B. outward looking strategy

56. Since March 1973, the world, more or less, had a:

A. free floating exchange rate system
B. fixed exchange rate system
C. managed floating exchange rate system
D. adjustable peg system

C. managed floating exchange rate system

57. Net National gains from trade is measurable function of:

A. volume of trade
B. relative prices in two countries
C. factor cost of commodities traded
D. volume of trade credited and change in prices caused by trade

D. volume of trade credited and change in prices caused by trade

58. Outward looking development policies are not associated with:

A. open system of communications
B. free movement of capital
C. multinational enterprises
D. learning by doing

D. learning by doing

59. Import quota is :

A. tariff
B. non-tariff trade barrier
C. concession
D. international obligation

B. non-tariff trade barrier

60. Balance of payments must always balance because:

A. trade deficit is cancelled by invisible credits
B. import always equals exports
C. of an accounting connection
D. what a country gets, it must either pay or save

C. of an accounting connection


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