Globalisation and The Indian Economy Class 10 Important Questions. We covered all the Globalisation and The Indian Economy Class 10 Important Questions in this post for free so that you can practice well for the exam.
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Globalisation and The Indian Economy Class 10 Important Questions for Students
Credit Guarantee Scheme for Subordinate Debt (CGSSD) extended up to which year?
(a) 2023
(b) 2024
(c) 2025
(d) 2026
Option a – 2023
Which bank has become the first Indian bank to partner with Emirates Skywards to offer the exclusive range of credit cards in the country? ( Globalisation and The Indian Economy MCQ )
(a) IDBI Bank
(b) ICICI Bank
(c) HDFC Bank
(d) Federal Bank
Option a – IDBI Bank
What name has been given to the National Payments Corporation of India’s ‘on-device’ wallet for facilitating small-ticket transactions?
(a) NPCI Lite
(b) Paytm Lite
(c) UPI Lite
(d) Payment Lite
Option c – UPI Lite
Which state has bagged the top position in NITI Aayog’s Export Preparedness Index (EPI) 2021? ( Globalisation and The Indian Economy MCQ )
(a) Telangana
(b) Maharashtra
(c) Gujarat
(d) Tamil Nadu
Option c – Gujarat
The foundation stone for the establishment of a Learning and Development Centre (LDC) of the Bharatiya Reserve Bank Note Mudran Private Limited (BRBNMPL) was laid in which city?
(a) Dewas
(b) Mysuru
(c) Nashik
(d) Indore
Option b – Mysuru
India and which country will set up a technical council on Investment, Trade Promotion, and Facilitation, as part of CEPA? ( Globalisation and The Indian Economy MCQ )
(a) Kuwait
(b) Saudi Arabia
(c) UAE
(d) Israel
Option c – UAE
According to the Ministry of Statistics and Program Implementation, which is the top-ranked state in terms of Per Capita Net State Domestic Product at Current Prices?
(a) Kerala
(b) Telangana
(c) Tamil Nadu
(d) Sikkim
Option b – Telangana
Reserve Bank of India has declared that National Bank for Financing Infrastructure and Development (NaBFID) will be regulated as an All India Financial Institution (AIFI) under which Act? ( Globalisation and The Indian Economy MCQ )
(a) RBI Act, 1934
(b) Banking Regulation Act, 1949
(c) Companies Act, 1956
(d) Companies Act, 2013
Option a – RBI Act, 1934
The issue of Co-Location is in news these days. with Which field does it pertain?
(a) Stock Market
(b) Environment
(c) Online Classes
(d) Defence
Option a – Stock Market
The Bombay Stock Exchange and the National Stock Exchange have started which stock settlement system from 25th February 2022? ( Globalisation and The Indian Economy MCQ )
(a) T+2
(b) T+1
(c) T+3
(d) T+5
Option b – T+1
National Statistics Organization’s estimation of GDP growth for India in 2021-22 stands at how much percent?
(a) 6.9%
(b) 8.9%
(c) 7.9%
(d) 9.9%
Option b – 8.9%
Recently, NPCI has launched UPI-based payments in which country by partnering with NeoPay? ( Globalisation and The Indian Economy MCQ )
(a) Nepal
(b) UAE
(c) Saudi Arabia
(d) Israel
Option b – UAE
The government amended the Foreign Exchange Management Act (FEMA) rules to pave way for up to 20 percent of foreign direct investment (FDI) in which government-owned entity?
(a) GAIL
(b) ONGC
(c) BHEL
(d) LIC
Option d – LIC
“Enterprise India” is a Mega Event organized by which ministry/entity? ( Globalisation and The Indian Economy MCQ )
(a) NITI Aayog
(b) Ministry of Skill Development and Entrepreneurship
(c) Ministry of Micro, Small, and Medium Enterprises
(d) Ministry of Finance
Option c – Ministry of Micro, Small, and Medium Enterprises
Standard Chartered has tied up with which association for payment platform for the airline industry?
(a) International Freight Forwarders Association
(b) International Air Transport Association
(c) International Civil Aviation Organization
(d) Association of Asia Pacific Airlines
Option a – International Freight Forwarders Association
MSME RuPay Credit Card is the initiative of which bank in association with the National Payments Corporation of India? ( Globalisation and The Indian Economy MCQ )
(a) Union Bank of India
(b) State Bank of India
(c) Punjab National Bank
(d) Bank of Baroda
Option a – Union Bank of India
The inflation experienced in the country at present is:
(a) galloping inflation
(b) secondary inflation
(c) unrealistic inflation
(d) cost-push inflation
Option d – cost-push inflation
Of the various ways of financing the government’s investment expenditure, the least inflationary is: ( Globalisation and The Indian Economy MCQ )
(a) foreign aid
(b) deficit financing
(c) taxation
(d) public borrowing
Option c – taxation
A very rapid growth in prices in which money loses its value to the point where even barter may be preferable is known as:
(a) inflation
(b) hyper-inflation
(c) deflation
(d) disinflation
Option b – hyper-inflation
A high rate of inflation tends to worsen the balance of payments because ( Globalisation and The Indian Economy MCQ )
(a) prices of imported goods rise
(b) prices of exported goods rise making exports less competitive
(c) prices of imported goods fall and hence more is imported
(d) prices of exported goods fall and hence less amount is obtained in terms of foreign exchange
Option b – prices of exported goods rise making exports less competitive
The effect of inflation on tax revenue results in a situation known as:
(a) stagflation
(b) fiscaldrag
(c) reflation
(d) disinflation
Option b – fiscaldrag
Inflation is caused as a result of ( Globalisation and The Indian Economy MCQ )
(a) increase in the money supply
(b) fall in production
(c) increase in money supply without a corresponding increase in production
(d) decrease in money supply without a corresponding decrease in production
Option c – increase in money supply without a corresponding increase in production
Which of the following accounts for Cost-Push Inflation?
(a) Increase in money supply
(b) Increase in indirect taxation
(c) Increase in population
(d) Increase in non-plan expenditure
Option b – Increase in indirect taxation
Which company has launched the world’s 1st crypto-backed payment card? ( Globalisation and The Indian Economy MCQ )
(a) Stripe
(b) Nexo
(c) Due
(d) Adyen
Option b – Nexo
Recently, the IMF lifted which currency’s weighting in the Special Drawing Rights currency basket?
(a) Euro
(b) Yuan
(c) Yen
(d) Pound
Option b – Yuan
Who has the Bombay Stock Exchange appointed as its Chairman? ( Globalisation and The Indian Economy MCQ )
(a) Vikramajit Sen
(b) SS Mundra
(c) LN. Rao
(d) B.R. Gavai
Option b – SS Mundra
India has reported the highest foreign direct investment (FDI inflow) to the amount of $83.57 billion for the financial year 2021-2022. Which is the top investor country for the same year?
(a) UAE
(b) Mauritius
(c) USA
(d) Singapore
Option d – Singapore
Which organization has released the ‘World Economic Situation and Prospects (WESP) Mid-year Update 2022’ report, according to which India’s GDP growth projections decline from 6.7% to 6.4% for 2022-23? ( Globalisation and The Indian Economy MCQ )
(a) United Nations Economic and Social Council
(b) United Nations Department of Economic and Social Affairs
(c) IMF
(d) World Bank
Option b – United Nations Department of Economic and Social Affairs
Which institution has released the framework for geo-tagging of payment system touchpoints?
(a) RBI
(b) NPCI
(c) Ministry of Finance
(d) Ministry of Electronics & Information Technology
Option a – RBI
‘Tap to Pay’ for UPI is the initiative of which digital payments company? ( Globalisation and The Indian Economy MCQ )
(a) PhonePe
(b) Google Pay
(c) Paytm
(d) Mobiwik
Option b – Google Pay
Which institution has launched the ‘Manthan’ ideathon to promote innovation in its field?
(a) CCI
(b) SEBI
(c) IRDA
(d) NABARD
Option b – SEBI
The Reserve Bank of India (RBI) introduced the Standing Deposit Facility (SDF), an additional tool for what purpose? ( Globalisation and The Indian Economy MCQ )
(a) Absorbing Liquidity
(b) Easing Liquidity
(c) Control on Forex
(d) Easing currency printing
Option a – Absorbing Liquidity
How much asset monetization has been achieved by the Central government in the financial year 2022?
(a) Rs. 80,000 crores
(b) Rs. 1,00,000 crores
(c) Rs. 70,000 crores
(d) Rs. 96,000 crores
Option d – Rs. 96,000 crores
Recently, which industry in India has become the world’s 3rd largest by volume and 14th largest in terms of value? ( Globalisation and The Indian Economy MCQ )
(a) Software & Services
(b) Chemicals and Petrochemicals
(c) Textiles, Apparel & Accessories
(d) Pharmaceuticals
Option d – Pharmaceuticals
RBI has raised the repo rate to how much percent in order to control inflation?
(a) 3.40%
(b) 4.40%
(c) 5.20%
(d) 5%
Option b – 4.40%
Recently, a report on ‘Benchmarking India’s Payment Systems’, was released by which of the following? ( Globalisation and The Indian Economy MCQ )
(a) NITI Aayog
(b) RBI
(c) State Bank of India
(d) National Payments Corporation of India (NPCI)
Option b – RBI
Recently, which trade agreement between India and UAE came into force?
(a) Comprehensive Economic Cooperation Agreement
(b) Comprehensive Economic Partnership Agreement
(c) Free Trade Agreement
(d) Preferential Trade Agreement
Option b – Comprehensive Economic Partnership Agreement
Which has become the first public sector bank to go live on the Account Aggregator Ecosystem? ( Globalisation and The Indian Economy MCQ )
(a) SBI
(b) PNB
(c) UBI
(d) BOB
Option c – UBI
Which is the host country of the International Research Conference on Insolvency and Bankruptcy?
(a) India
(b) Bangladesh
(c) UK
(d) China
Option a – India
India’s eight core sector industries showed a robust growth of 8.4% in April compared to 4.9% in March 2022. Which of the following core industries has the highest weightage? ( Globalisation and The Indian Economy MCQ )
(a) Electricity
(b) Steel
(c) Cement
(d) Refinery products
Option d – Refinery products
Which of the following is a bad bank recently seen in the news?
(a) NARCL
(b) IL&FS
(c) IDBI
(d) Oriental Bank
Option a – NARCL
What is India’s rank in FDI flow in the World Investment Report by UNCTAD? ( Globalisation and The Indian Economy MCQ )
(a) 5th
(b) 7th
(c) 8th
(d) 10th
Option b – 7th
‘Gaganyaan’ India’s first human space mission scheduled to launch in which year?
(a) 2022
(b) 2023
(c) 2024
(d) 2025
Option b – 2023
What are the Goods and Service Taxes (GST) on fresh milk and pasteurized milk? ( Globalisation and The Indian Economy MCQ )
(a) 0%
(b) 5%
(c) 12%
(d) 18%
Option a – 0%
According to the government data, which of the following is the top FDI Source Nation for India in FY 21-22?
(a) Singapore
(b) USA
(c) Mauritius
(d) Netherlands
Option a – Singapore
India’s eight core sectors’ output growth declined to 12.7% in June 2022 from 18.1% in May 2022. Related to this, which of the following sectors has the highest weightage among the eight core industries? ( Globalisation and The Indian Economy MCQ )
(a) Refinery Products
(b) Electricity
(c) Steel
(d) Coal
Option a – Refinery Products
Which country became India’s top trading partner in 2021-22?
(a) China
(b) UAE
(c) Singapore
(d) USA
Option d – USA
What is the name of the Reserve Bank of India’s wholly owned subsidiary Bharatiya Reserve Bank Note Mudran Private Limited (BRBNMPL) set up in Mysuru, Karnataka? ( Globalisation and The Indian Economy MCQ )
(a) Mannikarnika
(b) Varnika
(c) Zaayka
(d) Mudrika
Option b – Varnika
“HARBINGER 2021 – Innovation for Transformation” is launched by which of the following?
(a) RBI
(b) NITI Aayog
(c) Atal Innovation Mission
(d) Global Innovation and Technology Alliance
Option a – RBI
Recently, the Reserve Bank of India increased the External Commercial Borrowing limit under the automatic route to how much amount? ( Globalisation and The Indian Economy MCQ )
(a) USD 1 Billion
(b) USD 1.25 Billion
(c) USD 900 Million
(d) USD 1.5 Billion
Option d – USD 1.5 Billion
Recently, who became the first woman to feature on the ‘wall of former chief economists’ of the International Monetary Fund (IMF)?
(a) Gita Gopinath
(b) Esther Duflo
(c) Janett Yellen
(d) Susan Athey
Option a – Gita Gopinath
(a) Small Finance Banks
(b) Payments Bank
(c) Urban Co-operative Banks
(d) Fintech
Option c – Urban Co-operative Banks
Recently, an Agreement on Fisheries Subsidies (AFS) was concluded at the World Trade Organization (WTO) 12th Ministerial Conference. It was held in which of the following countries?
(a) Geneva, Switzerland
(b) Nairobi, Kenya
(c) Berlin, Germany
(d) Paris, France
Option a – Geneva, Switzerland
Recently, who amongst the following has been appointed as the Chief Economist of the World Bank?
(a) Gita Gopinath
(b) Raghuram Rajan
(c) Kaushik Basu
(d) Indermit Gill
Option d – Indermit Gill
Recently, who amongst the following has been appointed as the Executive Director for India at the International Monetary Fund (IMF)?
(a) K.V. Subramanian
(b) Surjit S Bhalla
(c) Subir Gokarn
(d) Raghuram Rajan
Option a – K.V. Subramanian
Recently, HDFC Securities announced the opening of India’s first-ever Women-Only Digital Centre (DC) in which of the following cities?
(a) Hyderabad
(b) Bengaluru
(c) Mumbai
(d) Chennai
Option b – Bengaluru
Recently, which of the following has launched the Electronic Gold Receipt (EGR) on its platform, for the first time in India?
(a) Multi-Commodity Exchange
(b) National Stock Exchange
(c) India International Exchange
(d) Bombay Stock Exchange
Option d – Bombay Stock Exchange
Which of the following banks has launched digital initiatives under “Project WAVE”?
(a) State Bank of India
(b) Punjab National Bank
(c) HDFC Bank
(d) Indian Bank
Option d – Indian Bank
India has overtaken which of the following countries to become the fifth-largest economy in the world?
(a) South Korea
(b) Germany
(c) the UK
(d) Japan
Option c – the UK
Union Minister Nirmala Sitharaman chaired the 26th Meeting of the Financial Stability and Development Council (FSDC). It was held in which of the following cities?
(a) Mumbai
(b) New Delhi
(c) Ahmedabad
(d) Hyderabad
Option a – Mumbai
Ben S Bernanke, Douglas W Diamond, and Philip H Dybvig have won the 2022 Nobel prize for economics for research in which of the following?
(a) Banks and Financial Crisis
(b) Labour Markets
(c) Poverty Reduction
(d) Auction Theory
Option a – Banks and Financial Crisis
Recently, which of the following organizations published the World Economic Outlook Report, in October 2022?
(a) World Economic Forum
(b) World Bank
(c) International Monetary Fund
(d) United Nations Conference on Trade and Development
Option c – International Monetary Fund
Recently, PM Narendra Modi dedicated how many Digital Banking Units (DBUs) across India?
(a) 75
(b) 100
(c) 150
(d) 25
Option a – 75
Which of the following institutions has launched a new ‘SupTech’ initiative called “DAKSH”?
(a) Securities and Exchange Board of India
(b) International Financial Services Centres Authority
(c) Reserve Bank of India
(d) Insolvency and Bankruptcy Board of India
Option c – Reserve Bank of India
Which of the following organizations has asked the Credit Information Companies to designate an internal ombudsman (10) by April 1, 2023?
(a) Securities and Exchange Board of India
(b) Competition Commission of India
(c) Reserve Bank of India
(d) Insurance Regulatory and Development Authority of India
Option c – Reserve Bank of India
(a) National Stock Exchange
(b) India International Exchange
(c) Bombay Stock Exchange
(d) Madras Stock Exchange
Option c – Bombay Stock Exchange
The Reserve Bank of India (RBI) has launched the first pilot of the Digital Rupee for the wholesale segment (ex-W). How many banks are participating in this pilot launch?
(a) 7
(b) 9
(c) 11
(d) 16
Option b – 9
To submit a report to the government if it fails to maintain the inflation target for how many consecutive quarters?
(a) 1
(b) 2
(c) 3
(d) 4
Option c – 3
Which of the following banks has conducted India’s First Floating Financial Literacy Camp with an initiative called ‘Niveshak Didi’ in Srinagar, Jammu & Kashmir?
(a) State Bank of India
(b) Indian Post Payments Bank
(c) Airtel Payments Bank
(d) HDFC Bank
Option b – Indian Post Payments Bank
To set up and operate Trade Receivable Discounting Systems (TReDS) platform in India. C2FO Factoring Solutions Private Limited has got in-principle approval from which of the following organizations/ministries?
(a) Reserve Bank of India (RBI)
(b) Securities and Exchange Board of Odal India (SEBI)
(c) Bombay Stock Exchange (BSE)
(d) Indian Banks Association (IBA)
Option a – Reserve Bank of India (RBI)
The 8th edition of the World Green Economy Summit 2022 was held in which of the following countries?
(a) India
(b) USA
(c) UAE
(d) Egypt
Option c – UAE
We covered all the globalisation and the Indian economy class 10 important questions above in this post for free so that you can practice well for the exam.
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