Indian Economy Questions Practice Question and Answer
8 Q: In which year did the Government of India set up the first mutual fund by an Act of Parliament?
1347 064c399c196ae1f484204f7eb
64c399c196ae1f484204f7eb- 11979false
- 21982false
- 31963true
- 41971false
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Answer : 3. "1963"
Explanation :
1. The mutual fund industry in India began in 1963 with the formation of UTI by an Act of Parliament in 1963 and functioned under the regulatory and administrative control of the Reserve Bank of India (RBI).
2. Unit Trust of India (UTI) was established by an Act of Parliament in 1963.
3. UTI is the first mutual fund company established in India.
Q: Which Bank has launched its Multi Option Payment Acceptance Device (MOPAD) for digital payments?
1346 16182342535a48953d117847b
6182342535a48953d117847b- 1PNBfalse
- 2SBItrue
- 3HDFCfalse
- 4Yes Bankfalse
- 5ICICIfalse
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Answer : 2. "SBI"
Q: In a economy “Development Stage” means-
1344 0650aa44d7335765064543b6c
650aa44d7335765064543b6c- 1Starting of steadily increasing economytrue
- 2Bad economyfalse
- 3Economy is on the verge of destroyingfalse
- 4All tariff to be removed.false
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Answer : 1. "Starting of steadily increasing economy"
Explanation :
Explain: -In economy “development stage” means starting of steadily increasing economy
Q: Which of the following region contributes most to India's GDP?
1340 05f62de88d00d384a6bc04acd
5f62de88d00d384a6bc04acd- 1primary sectorfalse
- 2Secondary sectorfalse
- 3Tertiary sectortrue
- 4None of thesefalse
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Answer : 3. "Tertiary sector "
Q: Which of the following country is not included in the category of top-5 gold holder countries of the world?
1330 061b765e38fe2311103b0980e
61b765e38fe2311103b0980e- 1Chinatrue
- 2Americafalse
- 3Germanyfalse
- 4Italyfalse
- 5None of thesefalse
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Answer : 1. "China"
Q: Of the following land uses, which is restricted to Special Economic Zones?
1329 0601241da7fb81d03bf8160cd
601241da7fb81d03bf8160cd- 1Information Technology Companiesfalse
- 2Free Trade Centrestrue
- 3Educational Institutionsfalse
- 4Marketing Centresfalse
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Answer : 2. "Free Trade Centres"
Q: Which of the following ministry has Launched Mobile Application “ Jan Dhan Darshak” as A Part of Financial Inclusion?
1327 062e3b4ff723ac56e88648649
62e3b4ff723ac56e88648649- 1Finance Ministrytrue
- 2Ministry of Consumer Affairs, Food and Public Distributionfalse
- 3Ministry of Human Resource Developmentfalse
- 4Ministry of Parliamentary Affairsfalse
- 5Ministry of Commerce and Industryfalse
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Answer : 1. "Finance Ministry"
Explanation :
Department of Financial Services (DFS), Ministry of Finance and National Informatics Centre (NIC) has jointly developed a mobile app called Jan Dhan Darshak as a part of financial inclusion (FI) initiative .
Q: In which year fourteen major banks were nationalized in India?
1326 05f9fc2cea00b420b05d5079d
5f9fc2cea00b420b05d5079d- 11967false
- 21968false
- 31969true
- 41971false
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