Indian Economy Questions Practice Question and Answer
8 Q: How much maternity benefits will be given to the pregnant mothers under the National Food Security Bill?
1722 05f8eaa9af28f4b47be464219
5f8eaa9af28f4b47be464219- 1Rs. 5000/yearfalse
- 2Rs.3000/yearfalse
- 3Rs.6000/yeartrue
- 4Rs.4000/yearfalse
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Answer : 3. "Rs.6000/year"
Q: FEMA (Foreign Exchange Management Act) was finally implemented in the year_____.
1715 0611245fd88e0566940a2af54
611245fd88e0566940a2af54- 11991false
- 21997false
- 32002true
- 42007false
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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.
Q: Which of the following banks got the top spot among the PSU banks in the digital transactions as per the report published by the Department of Financial Services?
1704 061824f0ce9ec4a6710563d63
61824f0ce9ec4a6710563d63- 1State Bank of Indiafalse
- 2Bank of Indiafalse
- 3Punjab National Banktrue
- 4Bank of Barodafalse
- 5IDBI Bankfalse
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Answer : 3. "Punjab National Bank"
Explanation :
State Bank of India (SBI) and its associate banks and other commercial banks such as Central Bank of India, Bank of India, Punjab National Bank and various regional rural banks are some examples of public sector commercial banks.
Q: Which of the following issued initial Public Offer no rins for Life Insurance?
1698 06087b30b9f98193d2de7a776
6087b30b9f98193d2de7a776- 1CRISILfalse
- 2SEBIfalse
- 3RBItrue
- 4IRDAfalse
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Answer : 3. "RBI"
Q: The Indian economy can be appropriately described as a:
1682 06152acfe76e1e11d608f6d15
6152acfe76e1e11d608f6d15- 1Traditional economyfalse
- 2Mixed economytrue
- 3Capitalist economyfalse
- 4Socialist economyfalse
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Answer : 2. "Mixed economy "
Q: Who was the first to assess national income in India?
1679 05f029c62e890ce63e579d010
5f029c62e890ce63e579d010- 1Dada Bhai Naorojitrue
- 2R.C.V Raofalse
- 3V.K.R.V Raofalse
- 4D .R. Gadanilfalse
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Answer : 1. "Dada Bhai Naoroji"
Q: Which one of the following is not a clause of the World Trade Organisation?
1675 160125f788f4dda4a277cf829
60125f788f4dda4a277cf829- 1Lowering trade barriers with negotiationsfalse
- 2Most favoured nation treatmentfalse
- 3Providing financial support to the countries having deficit balance of paymentstrue
- 4Discouraging unfair trade practices such as anti-dumping and export subsidiesfalse
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Answer : 3. "Providing financial support to the countries having deficit balance of payments"
Explanation :
Providing financial support to the countries having deficit balance of payments.
Q: Who among the following is associated as a head with the Highlevel Task Force on Public Credit Registry (PCR) formed by the Reserve Bank of India?
1670 0618234e0d1d2fd61946efb22
618234e0d1d2fd61946efb22- 1S Venkitaramanfalse
- 2G. Ambegaokarfalse
- 3Yeshwant M. Deosthaleetrue
- 4R S Gujralfalse
- 5S R Raofalse
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Answer : 3. "Yeshwant M. Deosthalee"
Explanation :
High Level Task Force Report Summary Public Credit Registry for India. The Reserve Bank of India (RBI) had constituted a High Level Task Force (Chair: Mr. Y. M. Deosthalee) to assess the need and scope of setting up a Public Credit Registry in India.