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GK
GK Set-1
Economics
Indian Economics
396

Indian Economics MCQ (GK Set-1) with Answers

396) Which Indian state has the lowest percentage of people living below the poverty line?

Punjab

Gujarat

Karnataka

Maharashtra

Answer is:

Punjab

Indian Economics MCQ (GK Set-1) with Answers

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Related Indian Economics MCQ (GK Set-1) with Answers

397) Which Indian state has the highest per capita income?

Haryana

Punjab

Uttar Pradesh

Karnataka

Answer is:

Punjab

398) Which Indian state stands first in the production of coffee?

Kerala

Karnataka

Assam

Gujarat

Answer is:

Karnataka

399) Which of the following statements about money creation by banks is false?

A bank creates money when it writes a higher number against the deposit of a depositor who wants an advance

A bank creates money when it buys securities

Unless the authorities intervened, there is no limit to how much money banks would be willing to create

The increase in deposits that can occur when banks get ’1 million extra reserves is greater than ’1 million.

Answer is:

Unless the authorities intervened, there is no limit to how much money banks would be willing to create

400) Suppose banks desire a ratio of reserves to deposits, r, of 4%. And suppose the public desire a ratio of cash to deposits, d, of 2%. Which of the following is correct? 1. The bank deposit multiplier is 25. 2. The money multiplier is 17.

Both 1 and 2

1 only.

2 only

Neither 1 nor 2

Answer is:

Both 1 and 2

Indian Economics MCQ (GK Set-1) with Answers

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