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 ______.
1576 05f571e37f13b91397f395f04
5f571e37f13b91397f395f04- 1Trade landfalse
- 2Hinter landtrue
- 3Import landfalse
- 4Export landfalse
- Show AnswerHide Answer
- Workspace
- SingleChoice
Answer : 2. "Hinter land"
Q: Which of the following monetary policy instruments is used by the RBI to control inflation?
1552 05f16b980cf79540a753942ee
5f16b980cf79540a753942ee- 1Fiscal tractionfalse
- 2Austerity measuresfalse
- 3Repo ratetrue
- 4Fiscal boostfalse
- Show AnswerHide Answer
- Workspace
- SingleChoice
Answer : 3. "Repo rate"
Q: When was the Bombay Stock Exchange established?
1550 05f08316c429a37679ec221e1
5f08316c429a37679ec221e1- 11890 A.D.false
- 21865 A.D.false
- 31875 A.D.true
- 41881 A.D.false
- Show AnswerHide Answer
- Workspace
- SingleChoice
Answer : 3. "1875 A.D."
Q: Stagflation is defined as
1534 05f437d353688b83fde024abc
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
- Show AnswerHide Answer
- Workspace
- SingleChoice
Answer : 2. "high inflation, low growth, high unemployment "
Q: Which of the following issued initial Public Offer no rins for Life Insurance?
1525 06087b30b9f98193d2de7a776
6087b30b9f98193d2de7a776- 1CRISILfalse
- 2SEBIfalse
- 3RBItrue
- 4IRDAfalse
- Show AnswerHide Answer
- Workspace
- SingleChoice
Answer : 3. "RBI"
Q: The Relationship between rate of interest and consumption level was firstly estimated by–
1508 0650ad9d0cb11fc5036ce9d90
650ad9d0cb11fc5036ce9d90- 1Amartya Senfalse
- 2Milton Freedmantrue
- 3Irwing Fischerfalse
- 4James Duezan Berryfalse
- Show AnswerHide Answer
- Workspace
- SingleChoice
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: Which among the following formulates fiscal policy?
1487 05ec37a128463ff0219fff578
5ec37a128463ff0219fff578- 1RBItrue
- 2Finance Ministryfalse
- 3SEBIfalse
- 4Planning Commissionfalse
- Show AnswerHide Answer
- Workspace
- SingleChoice
Answer : 1. "RBI "
Q: FEMA (Foreign Exchange Management Act) was finally implemented in the year_____.
1473 0611245fd88e0566940a2af54
611245fd88e0566940a2af54- 11991false
- 21997false
- 32002true
- 42007false
- Show AnswerHide Answer
- Workspace
- SingleChoice
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.