Indian Economy Questions Practice Question and Answer
8 Q: FEMA (Foreign Exchange Management Act) was finally implemented in the year_____.
1894 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 among the following formulates fiscal policy?
1893 05ec37a128463ff0219fff578
5ec37a128463ff0219fff578- 1RBItrue
- 2Finance Ministryfalse
- 3SEBIfalse
- 4Planning Commissionfalse
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Answer : 1. "RBI "
Q: Which one of the following is not a clause of the World Trade Organisation?
1890 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: The Indian economy can be appropriately described as a:
1879 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?
1830 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: 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?
1822 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.
Q: Which of the following issued initial Public Offer no rins for Life Insurance?
1820 06087b30b9f98193d2de7a776
6087b30b9f98193d2de7a776- 1CRISILfalse
- 2SEBIfalse
- 3RBItrue
- 4IRDAfalse
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Answer : 3. "RBI"
Q: How much maternity benefits will be given to the pregnant mothers under the National Food Security Bill?
1810 05f8eaa9af28f4b47be464219
5f8eaa9af28f4b47be464219- 1Rs. 5000/yearfalse
- 2Rs.3000/yearfalse
- 3Rs.6000/yeartrue
- 4Rs.4000/yearfalse
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