Indian Economy Questions Practice Question and Answer

Q:

Real national income denotes.

1633 0

  • 1
    Per capital income
    Correct
    Wrong
  • 2
    National income at constant prices
    Correct
    Wrong
  • 3
    National income at current prices
    Correct
    Wrong
  • 4
    Net factor income
    Correct
    Wrong
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Answer : 2. "National income at constant prices"

Q:

A ____________ occurs when a government's total expenditures exceed the revenue that it generates, excluding money from borrowings.

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  • 1
    Current Account Deficit
    Correct
    Wrong
  • 2
    Budgetary Deficit
    Correct
    Wrong
  • 3
    Revenue Deficit
    Correct
    Wrong
  • 4
    Fiscal Deficit
    Correct
    Wrong
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Answer : 4. "Fiscal Deficit"

Q:

_____ is the primary sector of the Indian economy.

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  • 1
    Banking
    Correct
    Wrong
  • 2
    Information and Technology
    Correct
    Wrong
  • 3
    Agriculture
    Correct
    Wrong
  • 4
    Judiciary
    Correct
    Wrong
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Answer : 3. "Agriculture"

Q:

__________ is not a loan category in MUDRA Scheme.

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  • 1
    Shishu
    Correct
    Wrong
  • 2
    Kishore
    Correct
    Wrong
  • 3
    Yuva
    Correct
    Wrong
  • 4
    Tarun
    Correct
    Wrong
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Answer : 3. "Yuva"

Q:

Labour Intensive Technique would get chosen in a–

1626 0

  • 1
    Labour Surplus Economy
    Correct
    Wrong
  • 2
    Capital Surplus Economy
    Correct
    Wrong
  • 3
    Developed Economy
    Correct
    Wrong
  • 4
    Developing Economy
    Correct
    Wrong
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Answer : 1. "Labour Surplus Economy"
Explanation :

Expl:- Labour Intensive Technique will be chosen in Labour Surplus Economy because in such economy labour cost is low.

Q:

At present, what kind of unemployment problem remains a very serious problem in the country?

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  • 1
    Rural unemployment
    Correct
    Wrong
  • 2
    Urban unemployment
    Correct
    Wrong
  • 3
    Educated unemployment
    Correct
    Wrong
  • 4
    Open unemployment
    Correct
    Wrong
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Answer : 3. "Educated unemployment "

Q:

In which year was The Reserve Bank of India was established?

1620 0

  • 1
    1950
    Correct
    Wrong
  • 2
    1947
    Correct
    Wrong
  • 3
    1935
    Correct
    Wrong
  • 4
    1952
    Correct
    Wrong
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Answer : 3. "1935"

Q:

Which Bank has launched its Multi Option Payment Acceptance Device (MOPAD) for digital payments?

1617 1

  • 1
    PNB
    Correct
    Wrong
  • 2
    SBI
    Correct
    Wrong
  • 3
    HDFC
    Correct
    Wrong
  • 4
    Yes Bank
    Correct
    Wrong
  • 5
    ICICI
    Correct
    Wrong
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Answer : 2. "SBI"

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