Indian Economy Questions Practice Question and Answer

Q:

Which of these reports is not released by International Monetary Fund?

2897 0

  • 1
    human Development Report
    Correct
    Wrong
  • 2
    Global Financial Stability Report
    Correct
    Wrong
  • 3
    World Economic Outlook
    Correct
    Wrong
  • 4
    External Sector Report
    Correct
    Wrong
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Answer : 1. "human Development Report"

Q:

Which is the first state in India to enact the Food Security Act?

2830 0

  • 1
    Chhattisgarh
    Correct
    Wrong
  • 2
    Gujarat
    Correct
    Wrong
  • 3
    Bihar
    Correct
    Wrong
  • 4
    Tamil Nadu
    Correct
    Wrong
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Answer : 1. "Chhattisgarh"

Q:

Knowledge, technical skill, education etc. in economics, are regarded as 

2771 0

  • 1
    tangible physical capital
    Correct
    Wrong
  • 2
    working capital
    Correct
    Wrong
  • 3
    social-overhead capital
    Correct
    Wrong
  • 4
    human capital
    Correct
    Wrong
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Answer : 4. "human capital "

Q:

Foreign currency which has a tendency of quick migration is called -

2766 0

  • 1
    Gold currency
    Correct
    Wrong
  • 2
    Hot currency
    Correct
    Wrong
  • 3
    Scarce currency
    Correct
    Wrong
  • 4
    Soft currency
    Correct
    Wrong
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Answer : 2. "Hot currency "

Q:

In which the following is not directly controlled by RBI?

2759 0

  • 1
    Bank rate
    Correct
    Wrong
  • 2
    Repo rate
    Correct
    Wrong
  • 3
    Base rate
    Correct
    Wrong
  • 4
    Cash Reserve Ratio
    Correct
    Wrong
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Answer : 3. "Base rate "

Q:

Excise duty on a commodity is payable with reference to its 

2544 1

  • 1
    production , transportation and sale
    Correct
    Wrong
  • 2
    production
    Correct
    Wrong
  • 3
    production and sale
    Correct
    Wrong
  • 4
    production and transportation
    Correct
    Wrong
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Answer : 2. "production "

Q:

Deficit financing means the government borrows money from the – 

2344 0

  • 1
    International Monetary Fund
    Correct
    Wrong
  • 2
    Ministry of Finance
    Correct
    Wrong
  • 3
    Reserve Bank of India
    Correct
    Wrong
  • 4
    World Trade Organization
    Correct
    Wrong
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Answer : 3. "Reserve Bank of India "

Q:

National Income estimates in India are prepared by

2311 0

  • 1
    Planning Commission
    Correct
    Wrong
  • 2
    Reserve Bank of India
    Correct
    Wrong
  • 3
    Central statistical organization
    Correct
    Wrong
  • 4
    Indian Statistical Institute
    Correct
    Wrong
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Answer : 3. "Central statistical organization"

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