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ECONOMY MCQs

Total Questions : 102 | Page 3 of 11 pages
Question 21. If all the banks in an economy are nationalized and converted into a monopoly bank, the total deposits:
  1.    Will decrease.
  2.    Will increase.
  3.    Will neither increase nor decrease.
  4.    None of the above.
 Discuss Question
Answer: Option C. -> Will neither increase nor decrease.




Question 22. In the second nationalization of commercial banks ¦¦¦¦¦. Banks were nationalized.
  1.    4
  2.    5
  3.    6
  4.    8
 Discuss Question
Answer: Option C. -> 6




Question 23.

India's November retail inflation dipped below what amount for the first time this year?

  1.    6%
  2.    5%
  3.    4%
  4.    7%
 Discuss Question
Answer: Option C. -> 4%
India's November retail inflation dipped below 6% for the first time this year; October IIP Contracts 4%.
Question 24.

World Bank revised its 2022-23 GDP forecast upward to what per cent from 6.5 per cent?

  1.    7.9%
  2.    6.9%
  3.    5%
  4.    9%
 Discuss Question
Answer: Option B. -> 6.9%
World Bank revised its 2022-23 GDP forecast upward to 6.9 per cent from 6.5 per cent.
Question 25.

Electoral bonds of how much worth has been sold during the 23rd phase in November?

  1.    Rs 500 crore
  2.    Rs 1000 crore
  3.    Rs 106 crore
  4.    Rs 676 crore
 Discuss Question
Answer: Option D. -> Rs 676 crore
Electoral bonds worth Rs.676 crore were sold during the 23rd phase in November.
Question 26.

Centre is to allow foreign funds to invest over how many percent in IDBI Bank?

  1.    24%
  2.    45%
  3.    51%
  4.    32%
 Discuss Question
Answer: Option C. -> 51%
Centre is to allow foreign funds to invest over 51 % in IDBI Bank. Presently RBI Rules prohibit foreign ownership in new private banks.
Question 27.

Fitch rating retained India's growth forecast at what percentage for the current FY?

  1.    8%
  2.    4%
  3.    7%
  4.    9%
 Discuss Question
Answer: Option C. -> 7%
Fitch has projected India's GDP to grow at 7% in the current fiscal, at 6.2 per cent in 2023-24 and at 6.9 per cent in 2024-25.
Question 28.

What percentage of increase in UPI transactions is raised in semi-urban and urban sectors?

  1.    560
  2.    500
  3.    100
  4.    650
 Discuss Question
Answer: Option D. -> 650
UPI transactions raised by 650 percent in semi-urban and urban sectors, according to a report.
Question 29.

Centre is to allow foreign funds to invest over how many per cent in IDBI Bank?

  1.    24%
  2.    45%
  3.    51%
  4.    32%
 Discuss Question
Answer: Option C. -> 51%
Centre is to allow foreign funds to invest over 51 % in IDBI Bank. Presently RBI Rules prohibit foreign ownership in new private banks.
Question 30.

Fitch rating retained India's growth forecast at what percentage for the current FY?

  1.    8%
  2.    4%
  3.    7%
  4.    9%
 Discuss Question
Answer: Option C. -> 7%
Fitch rating retained India's growth forecast at 7 percentage for the current FY. 6.2 and 6.9 percent for the next two years.

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