Indian Economy Questions Practice Question and Answer

Q:

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

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  • 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:

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

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  • 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?

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  • 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:

Which of the following issued initial Public Offer no rins for Life Insurance?

1408 0

  • 1
    CRISIL
    Correct
    Wrong
  • 2
    SEBI
    Correct
    Wrong
  • 3
    RBI
    Correct
    Wrong
  • 4
    IRDA
    Correct
    Wrong
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Answer : 3. "RBI"

Q:

Stagflation is defined as

1401 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:

In Economics, buying an asset in one market and simultaneously selling an identical asset in another market at a higher price is termed as ____________.

1373 0

  • 1
    Depreciation
    Correct
    Wrong
  • 2
    Mortgage
    Correct
    Wrong
  • 3
    Devaluation
    Correct
    Wrong
  • 4
    Arbitrage
    Correct
    Wrong
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Answer : 4. "Arbitrage"

Q:

Which among the following formulates fiscal policy? 

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  • 1
    RBI
    Correct
    Wrong
  • 2
    Finance Ministry
    Correct
    Wrong
  • 3
    SEBI
    Correct
    Wrong
  • 4
    Planning Commission
    Correct
    Wrong
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Answer : 1. "RBI "

Q:

A discount given for the purpose of increasing sales is called-

1355 0

  • 1
    Commercial leave
    Correct
    Wrong
  • 2
    Cash discount
    Correct
    Wrong
  • 3
    Discount received
    Correct
    Wrong
  • 4
    None of these
    Correct
    Wrong
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Answer : 1. "Commercial leave"

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