Indian Economy Practice Question and Answer

Q:

Who was the founder of Bank of Baroda?

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  • 1
    Maharaja Sayajirao II
    Correct
    Wrong
  • 2
    Maharaja Bajirao-III
    Correct
    Wrong
  • 3
    P. karamchandra
    Correct
    Wrong
  • 4
    Maharaj Chhatrasal
    Correct
    Wrong
  • 5
    None of these
    Correct
    Wrong
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Answer : 2. "Maharaja Bajirao-III"
Explanation :

The Maharaja of Baroda, Maharaja Sayajirao Gaekwad III, founded Bank of Baroda on 20 July 1908 in the Princely State of Baroda, in Gujarat. This year, it's our 116th Foundation Day, and we've so many reasons to celebrate and cherish our journey so far.

Q:

With which of the following sectors is the agency short-named as CIBIL associated

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  • 1
    Insurance sector
    Correct
    Wrong
  • 2
    Automobile sector
    Correct
    Wrong
  • 3
    Banking sector
    Correct
    Wrong
  • 4
    Sugar sector
    Correct
    Wrong
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Answer : 3. "Banking sector"
Explanation :

The full name of CIBIL is Credit Information Bureau India Limited. It is a credit information company, which maintains records of all credit related activities of individuals and organizations. Banks, non-banking finance companies and other financial institutions submit customer credit information to the bureaus.

Q:

Gilt alt market is related to?

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  • 1
    Gold and silver
    Correct
    Wrong
  • 2
    currency note
    Correct
    Wrong
  • 3
    Government securities
    Correct
    Wrong
  • 4
    Letter of credit
    Correct
    Wrong
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Answer : 1. "Gold and silver"

Q:

Cause of Inflation is -

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  • 1
    Increase in money supply
    Correct
    Wrong
  • 2
    Fall in production
    Correct
    Wrong
  • 3
    Increases in money supply and fall in production
    Correct
    Wrong
  • 4
    Decrease in money supply and fall in production
    Correct
    Wrong
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Answer : 3. "Increases in money supply and fall in production "

Q:

Which state in India is the major producer of mulberry silk?

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  • 1
    Karnataka
    Correct
    Wrong
  • 2
    Kerala
    Correct
    Wrong
  • 3
    Hyderabad
    Correct
    Wrong
  • 4
    Chennai
    Correct
    Wrong
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Answer : 1. "Karnataka"

Q:

The tree like structure of records in a database in-

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  • 1
    Network Model
    Correct
    Wrong
  • 2
    Hierarchical Model
    Correct
    Wrong
  • 3
    Relational Model
    Correct
    Wrong
  • 4
    Multi-Dimenmoral Model
    Correct
    Wrong
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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:

The Relationship between rate of interest and consumption level was firstly estimated by–

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  • 1
    Amartya Sen
    Correct
    Wrong
  • 2
    Milton Freedman
    Correct
    Wrong
  • 3
    Irwing Fischer
    Correct
    Wrong
  • 4
    James Duezan Berry
    Correct
    Wrong
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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.

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