Indian Economy Questions Practice Question and Answer
8 Q: Where is the Headquarter of NABARD?
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5f8ea7873ca2d767b17ca5ab- 1Delhifalse
- 2Kolkatafalse
- 3Chandigarhfalse
- 4Mumbaitrue
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Answer : 4. "Mumbai "
Q: If the RBI adopts an expansionist open market operations policy, this means that it will
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5d42aeeb29741f37c2549fa7- 1buy securities from non-government holdersfalse
- 2sell securities in the open marketfalse
- 3offer commercial banks more credit in the open markettrue
- 4openly announce to the market that it intends to expand creditfalse
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Answer : 3. " offer commercial banks more credit in the open market"
Q: Where is the headquarters of Bank of Baroda located?
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5f6c2976f9079a64e3b5f61f- 1Punefalse
- 2Kolkatafalse
- 3Vadodaratrue
- 4Mumbaifalse
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Answer : 3. "Vadodara"
Q: The process of curing inflation by reducing money supply is called
5002 15df9ea1436644b47cbaf2b5e
5df9ea1436644b47cbaf2b5e- 1Cost - push inflationfalse
- 2Demand - pull inflationfalse
- 3Disinflationtrue
- 4Reflationfalse
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Answer : 3. "Disinflation"
Q: The gradation and standardization of agricultural products are conducted through
4666 25e20501f58cb5b7d3e76141c
5e20501f58cb5b7d3e76141c- 1Food Corporation of Indiafalse
- 2Directorate of Marketing and Inspectiontrue
- 3Indian Standards Institutionfalse
- 4Central Statistical Organizationfalse
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Answer : 2. "Directorate of Marketing and Inspection "
Q: When the price of a commodity falls, we can expect:
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5d944a1eeef89a492b2e290d- 1The supply of it to increasefalse
- 2The demand for it to fallfalse
- 3The demand for it to stay constantfalse
- 4The demand for it to increasetrue
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Answer : 4. "The demand for it to increase"
Q: This personality is known as the Father of Economics. Can you identify him from the given options?
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5d9430d815db5f22bbeb434a- 1J.M. Keynesfalse
- 2Adam Smithtrue
- 3Abraham Maslowfalse
- 4J.K. Galbraithfalse
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Answer : 2. "Adam Smith"
Q: Which of the following activities are examples of data gathering? 3700 05b5cc601e4d2b4197774b458
5b5cc601e4d2b4197774b458- 1Counting the votes in an election to determine the next governortrue
- 2Making a pie chart showing the kinds of television sets owned by people in a sample of 1,000false
- 3Finding the mean weight of cancer patients in a studyfalse
- 4Using the results of a mathematical model to predict the next day's weatherfalse
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Answer : 1. "Counting the votes in an election to determine the next governor"
Explanation :
Answer: A) Counting the votes in an election to determine the next governor Explanation: Option A) "Counting the votes in an election to determine the next governor" is the only one where data gathering is done. In all other options, data is already collected and now analyzing of data is going on.