Economics MCQ Set – 7

Dear Sehpaathians,

With Exams for RRB NTPC, SSC and UPSC are nearing we are here with our set of Multiple Choice Questions related to Economics. Each set consists of 10 questions and we will be coming up with more sets of the same.

Here is a sample paper sheet of the 5 questions for your practice. Attempt all the questions on our Sehpaathi Test app as well as Do give us a review.

1) What is the effect of Deficit financing?
a) Deflation
b) Recession
c) Inflation
d) Depression

2) The Slack Season in the Indian Economy is?
a) Feb – Apr
b) Mar – Apr
c) Jan – June
d) Sep – Dec

3) Development expenditure of the Central government does not include?
a) Expenditure on economic services
b) Defence expenditure
c) Grant to states
d) Expenditure on social and community services

4) “The Board of Financial Supervision ” was constituted to have mandate over
a) Only commercial banks
b) Only financial institutions
c) Only non – banking financial companies
d) All of these

5) The balance of the payments deficit in India can be eased by
a) conserving the foreign exchange reserves
b) promotion of exports
c) liberalisation of imports
d) export promotion and import substitution