Indian Economy Questions Practice Question and Answer

Q:

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

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

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:

UNDP prepares–

1557 0

  • 1
    Human Development Index
    Correct
    Wrong
  • 2
    Standard of Living Index
    Correct
    Wrong
  • 3
    Index Number of Price Level
    Correct
    Wrong
  • 4
    Physical Quality Index
    Correct
    Wrong
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Answer : 1. "Human Development Index"

Q:

India's first - ever national police museum will establish in which city?

1553 0

  • 1
    Nagpur
    Correct
    Wrong
  • 2
    Kolkata
    Correct
    Wrong
  • 3
    Chennai
    Correct
    Wrong
  • 4
    Delhi
    Correct
    Wrong
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Answer : 4. "Delhi "

Q:

Who gave priority to the Second Five Year Plan?

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  • 1
    Agriculture
    Correct
    Wrong
  • 2
    Services
    Correct
    Wrong
  • 3
    Heavy Industries
    Correct
    Wrong
  • 4
    Foreign Trade
    Correct
    Wrong
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Answer : 3. "Heavy Industries"

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:

_____ 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:

The Views of eminent economist Robert Malthus on Population is–

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  • 1
    Pessimistic
    Correct
    Wrong
  • 2
    Optimistic
    Correct
    Wrong
  • 3
    Both (a) and (b)
    Correct
    Wrong
  • 4
    None of the above
    Correct
    Wrong
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Answer : 1. "Pessimistic "
Explanation :

The Malthusian theory explained that the human population grows more rapidly than the food supply until famines, war or disease reduces the population. He believed that the human population has risen over the past three centuries.

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