Indian Economy Questions Practice Question and Answer

Q:

Which is the most essential function of an entrepreneur? 

1801 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:

Cause of Inflation is -

1795 0

  • 1
    Increase in money supply
    Correct
    Wrong
  • 2
    Fall in production
    Correct
    Wrong
  • 3
    Increases in money supply and fall in production
    Correct
    Wrong
  • 4
    Decrease in money supply and fall in production
    Correct
    Wrong
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Answer : 3. "Increases in money supply and fall in production "

Q:

‘COPRA’   is a_______

1770 0

  • 1
    Credit Rationing Scheme
    Correct
    Wrong
  • 2
    Mega city scheme
    Correct
    Wrong
  • 3
    Consumer protection Act
    Correct
    Wrong
  • 4
    Domestic Trade protection measure
    Correct
    Wrong
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Answer : 3. "Consumer protection Act "

Q:

What is the accounting year period of Reserve Bank of India?

1754 0

  • 1
    April to March
    Correct
    Wrong
  • 2
    July to June
    Correct
    Wrong
  • 3
    January to December
    Correct
    Wrong
  • 4
    August to July
    Correct
    Wrong
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Answer : 2. "July to June "

Q:

What is the base year to calculate the National income in India?

1706 0

  • 1
    2004-05
    Correct
    Wrong
  • 2
    2010-11
    Correct
    Wrong
  • 3
    2014-15
    Correct
    Wrong
  • 4
    2011-12
    Correct
    Wrong
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Answer : 4. "2011-12"

Q:

___________ unemployment happens when people are not able to find jobs during some months of the year.

1676 1

  • 1
    Disguised
    Correct
    Wrong
  • 2
    Educated
    Correct
    Wrong
  • 3
    Seasonal
    Correct
    Wrong
  • 4
    None of the above
    Correct
    Wrong
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Answer : 3. "Seasonal"

Q:

When was the first National Population Policy implemented in India?

1668 1

  • 1
    1952
    Correct
    Wrong
  • 2
    1976
    Correct
    Wrong
  • 3
    1987
    Correct
    Wrong
  • 4
    1950
    Correct
    Wrong
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Answer : 2. "1976"

Q:

When was the Bombay Stock Exchange established?

1635 0

  • 1
    1890 A.D.
    Correct
    Wrong
  • 2
    1865 A.D.
    Correct
    Wrong
  • 3
    1875 A.D.
    Correct
    Wrong
  • 4
    1881 A.D.
    Correct
    Wrong
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Answer : 3. "1875 A.D."

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