Indian Economy Questions Practice Question and Answer
8 Q: An area which supports the economy and export trade of a sea port is called its ______.
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5f571e37f13b91397f395f04- 1Trade landfalse
- 2Hinter landtrue
- 3Import landfalse
- 4Export landfalse
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Answer : 2. "Hinter land"
Q: How much maternity benefits will be given to the pregnant mothers under the National Food Security Bill?
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5f8eaa9af28f4b47be464219- 1Rs. 5000/yearfalse
- 2Rs.3000/yearfalse
- 3Rs.6000/yeartrue
- 4Rs.4000/yearfalse
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Answer : 3. "Rs.6000/year"
Q: Which of the following monetary policy instruments is used by the RBI to control inflation?
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5f16b980cf79540a753942ee- 1Fiscal tractionfalse
- 2Austerity measuresfalse
- 3Repo ratetrue
- 4Fiscal boostfalse
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Answer : 3. "Repo rate"
Q: Stagflation is defined as
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5f437d353688b83fde024abc- 1high inflation, low growth, high unemploymentfalse
- 2high inflation, low growth, high unemploymenttrue
- 3high inflation, high growth, high unemploymentfalse
- 4low inflation, high growth, low unemploymentfalse
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Answer : 2. "high inflation, low growth, high unemployment "
Q: The Relationship between rate of interest and consumption level was firstly estimated by–
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650ad9d0cb11fc5036ce9d90- 1Amartya Senfalse
- 2Milton Freedmantrue
- 3Irwing Fischerfalse
- 4James Duezan Berryfalse
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Answer : 2. "Milton Freedman "
Explanation :
Explain: -With increase in rate of interest there is decrease in consumption level i.e. there is inverse relation between rate of interest and consumption level.
Q: The tree like structure of records in a database in-
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650aa695761b44505ec9b708- 1Network Modelfalse
- 2Hierarchical Modeltrue
- 3Relational Modelfalse
- 4Multi-Dimenmoral Modelfalse
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Answer : 2. "Hierarchical Model"
Explanation :
Explain: -Hierarchical structures were widely used in the early mainframe database management system, such as the Information Management System
Q: Which of the following issued initial Public Offer no rins for Life Insurance?
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6087b30b9f98193d2de7a776- 1CRISILfalse
- 2SEBIfalse
- 3RBItrue
- 4IRDAfalse
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Answer : 3. "RBI"
Q: Who among the following became the first Chief Minister of the National Capital Territory of Delhi in 1993?
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6572e137a1070fbf9bedc055- 1Madan Lal Khuranatrue
- 2Sheila Dixitfalse
- 3Sushma Swarajfalse
- 4Sahib Singh Vermafalse
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Answer : 1. "Madan Lal Khurana"
Explanation :
1. Madan Lal Khurana (15 October 1936 – 27 October 2018) was an Indian politician and former Chief Minister of Delhi from 1993 to 1996.
2. He was succeeded by Gurmukh Nihal Singh of the Indian National Congress, who held the post for just one year in 1955.
3. The States Reorganization Act, 1956 made Delhi a union territory under central control.