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?
1237 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: In which account will the expenditure on the installation of new machinery be disbursed?
1235 05fb7b371e7381019a0b886e8
5fb7b371e7381019a0b886e8- 1Cash accountfalse
- 2Machinery Accounttrue
- 3Profit or lossfalse
- 4Installation expense accountfalse
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Answer : 2. "Machinery Account"
Q: The state which stands first in per capita income is
1233 06144875a7e5f4f439c3fc46c
6144875a7e5f4f439c3fc46c- 1Biharfalse
- 2Maharashtratrue
- 3Punjabfalse
- 4Keralafalse
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Answer : 2. "Maharashtra "
Q: The first oil refinery in India was established
1232 05f9fba0f33d1d86b9ab0fd44
5f9fba0f33d1d86b9ab0fd44- 1Baraunifalse
- 2Visakhapatnamfalse
- 3Digboitrue
- 4Mumbaifalse
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Answer : 3. "Digboi"
Q: Which of the following is not a state tax?
1215 060a36e68d3afc7379b0c22e2
60a36e68d3afc7379b0c22e2- 1Wealth Taxtrue
- 2Excise duty on liquorfalse
- 3Sales Taxfalse
- 4Professional Taxfalse
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Answer : 1. "Wealth Tax "
Q: “Micro” and “Macro” words was firstly used by–
1209 06336e02993021d4ee41ad5b8
6336e02993021d4ee41ad5b8- 1Ragnar Frischtrue
- 2I. Fischerfalse
- 3James Tobinfalse
- 4Garlefalse
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Answer : 1. "Ragnar Frisch "
Explanation :
Explain: -In 1933, Ragnar Frisch firstly used the words “Micro” and “Macro”
Q: _____ is the primary sector of the Indian economy.
1185 060f7b99416158a5eeda86c64
60f7b99416158a5eeda86c64- 1Bankingfalse
- 2Information and Technologyfalse
- 3Agriculturetrue
- 4Judiciaryfalse
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Answer : 3. "Agriculture"
Q: India's first - ever national police museum will establish in which city?
1184 0614487db7e5f4f439c3fc5f2
614487db7e5f4f439c3fc5f2- 1Nagpurfalse
- 2Kolkatafalse
- 3Chennaifalse
- 4Delhitrue
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