Indian Economy Questions Practice Question and Answer
8 Q: Multinational firm is–
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632c4aa65c208a6bf7eb3703- 1A company started by foreign governmentsfalse
- 2A single company established in different countriestrue
- 3A company in India started by U.S. governmentfalse
- 4A company started jointly by India and U.S. Ans.false
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Answer : 2. "A single company established in different countries "
Q: The capital of IMF is made up by the contribution of–
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6336df7d30141c336c39f9d6- 1Creditfalse
- 2Deficit Financingfalse
- 3Member Nationstrue
- 4Borrowingsfalse
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Answer : 3. "Member Nations "
Explanation :
Explain: -IMF was established on 27th Dec 1945 by Bretton Woods conference. It started working from 1st March, 1947. Every member nations gives 25% money in terms of gold or US dollars.
Q: Who is a chairman of 15th Finance Commission of India?
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6411768aa37bb1a5e180e3e2- 1Nirmala Sitharamanfalse
- 2Dr. Ashok Lahirifalse
- 3N. K. Singhtrue
- 4Ajay Narayanfalse
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Answer : 3. "N. K. Singh "
Q: Which among the following is not true about the work of Human Resource and Development (HRD)–
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6336e6a12ff7535af686dbbc- 1Caste – Systemtrue
- 2Youth and Sportfalse
- 3Educationfalse
- 4Child Developmentfalse
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Answer : 1. "Caste – System "
Q: Arthashastra by “Kautilya” is related with–
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6336e0a45c208a6bf71b2a05- 1Military Phasefalse
- 2Political Reigntrue
- 3Social Phasefalse
- 4Economic Postulatesfalse
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Answer : 2. "Political Reign"
Explanation :
Expl:- The Kautilya’s Arthasastra is related to political reign. Arthastra is an ancient Indian treatise on statecraft, economic Policy and Military strategy, written in sanskrit.
The Arthashastra is an ancient Indian treatise on statecraft, economic policy and military strategy, written in Sanskrit.
Q: “World Bank” is also called as –
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6336dd562ff7535af6868279- 1International Bank for Reconstruction and developmenttrue
- 2International, rehabilation and development bankfalse
- 3International rehabilated and development bankfalse
- 4None of these.false
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Answer : 1. "International Bank for Reconstruction and development"
Explanation :
The "World Bank" is also referred to as simply the "World Bank." While its full name is the "International Bank for Reconstruction and Development (IBRD)," the term "World Bank" is commonly used to refer to this international financial institution.
Q: When there is affect on economic activity of an specific country due to import and export, then such economy are called-
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632c49481656651c9ea35adf- 1Closed economyfalse
- 2Open economytrue
- 3Agricultural economyfalse
- 4Industrial economyfalse
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Answer : 2. "Open economy "
Explanation :
Explain: -When there is change in economy due to import and export, then such economy is called Open economy. India enacted Open economy in 1991.
Q: The Relationship between the rate of interest and consumption level was firstly estimated by–
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6336e40b30141c336c3a28bd- 1Amartya Senfalse
- 2Milton Freedmantrue
- 3Irwing Fischerfalse
- 4James Duezan Berryfalse
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