Indian Economy Questions Practice Question and Answer

Q:

Which state in India is the major producer of mulberry silk?

1838 0

  • 1
    Karnataka
    Correct
    Wrong
  • 2
    Kerala
    Correct
    Wrong
  • 3
    Hyderabad
    Correct
    Wrong
  • 4
    Chennai
    Correct
    Wrong
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Answer : 1. "Karnataka"

Q:

Purchasing Power Parity theory is related with 

1811 0

  • 1
    Wage rate
    Correct
    Wrong
  • 2
    Exchange rate
    Correct
    Wrong
  • 3
    Interest rate
    Correct
    Wrong
  • 4
    Bank rate
    Correct
    Wrong
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Answer : 2. "Exchange rate "

Q:

Which among of the following is not a positive sign for any industry.

1760 0

  • 1
    Decrease in profit
    Correct
    Wrong
  • 2
    Labour instability
    Correct
    Wrong
  • 3
    Decrease in market
    Correct
    Wrong
  • 4
    Decrease in demand
    Correct
    Wrong
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Answer : 1. "Decrease in profit "
Explanation :

Explain: -Decrease in profit is not a sudden positive sign.

Q:

PSW stands for

1755 0

  • 1
    Process status word
    Correct
    Wrong
  • 2
    Processor status word
    Correct
    Wrong
  • 3
    Program status word
    Correct
    Wrong
  • 4
    Primitive status word
    Correct
    Wrong
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Answer : 3. "Program status word"

Q:

In a cut motion, when the amount of demand is reduced by Rs 100/- , it is known as

1752 0

  • 1
    Disapproval of policy cut
    Correct
    Wrong
  • 2
    Economy cut
    Correct
    Wrong
  • 3
    Vote on Account
    Correct
    Wrong
  • 4
    Token cut
    Correct
    Wrong
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Answer : 4. "Token cut"

Q:

Which is the most essential function of an entrepreneur? 

1751 0

  • 1
    Marketing
    Correct
    Wrong
  • 2
    Risk bearing
    Correct
    Wrong
  • 3
    Supervision
    Correct
    Wrong
  • 4
    Management
    Correct
    Wrong
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Answer : 2. "Risk bearing "

Q:

The first bank to open its branch outside India in London in 1946

1747 0

  • 1
    Bank of India
    Correct
    Wrong
  • 2
    Canara Bank
    Correct
    Wrong
  • 3
    Imperial Bank of India
    Correct
    Wrong
  • 4
    Central Bank of India
    Correct
    Wrong
  • 5
    None of these
    Correct
    Wrong
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Answer : 1. "Bank of India"
Explanation :

The first Indian bank to open a branch outside India was the Bank of India. It established its first overseas branch in London in 1946.

Q: The purchase of shares and bonds of Indian companies by Foreign Institutional Investors is called? 1744 0

  • 1
    FDI
    Correct
    Wrong
  • 2
    Portfolio Investment
    Correct
    Wrong
  • 3
    NRI Investment
    Correct
    Wrong
  • 4
    Foreign Indirect Investment
    Correct
    Wrong
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Answer : 4. "Foreign Indirect Investment"

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