Indian Economy Questions Practice Question and Answer

Q:

When was the first National Population Policy implemented in India?

1938 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:

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

1921 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:

Which of the following monetary policy instruments is used by the RBI to control inflation?

1895 0

  • 1
    Fiscal traction
    Correct
    Wrong
  • 2
    Austerity measures
    Correct
    Wrong
  • 3
    Repo rate
    Correct
    Wrong
  • 4
    Fiscal boost
    Correct
    Wrong
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Answer : 3. "Repo rate"

Q:

When was the Bombay Stock Exchange established?

1891 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."

Q:

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

1880 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:

Stagflation is defined as

1861 0

  • 1
    high inflation, low growth, high unemployment
    Correct
    Wrong
  • 2
    high inflation, low growth, high unemployment
    Correct
    Wrong
  • 3
    high inflation, high growth, high unemployment
    Correct
    Wrong
  • 4
    low inflation, high growth, low unemployment
    Correct
    Wrong
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Answer : 2. "high inflation, low growth, high unemployment "

Q:

An area which supports the economy and export trade of a sea port is called its ______.

1839 0

  • 1
    Trade land
    Correct
    Wrong
  • 2
    Hinter land
    Correct
    Wrong
  • 3
    Import land
    Correct
    Wrong
  • 4
    Export land
    Correct
    Wrong
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Answer : 2. "Hinter land"

Q:

FEMA (Foreign Exchange Management Act) was finally implemented in the year_____.

1805 0

  • 1
    1991
    Correct
    Wrong
  • 2
    1997
    Correct
    Wrong
  • 3
    2002
    Correct
    Wrong
  • 4
    2007
    Correct
    Wrong
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Answer : 3. "2002"
Explanation :

Foreign Exchange Management Act, 1999 (FEMA) came into force by an act of Parliament. It was enacted on 29 December 1999.

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