Indian Economy Practice Question and Answer

Q:

Which metal is most used as currency?

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  • 1
    Iron
    Correct
    Wrong
  • 2
    Copper
    Correct
    Wrong
  • 3
    Brass
    Correct
    Wrong
  • 4
    Silver and Gold
    Correct
    Wrong
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Answer : 4. "Silver and Gold"

Q:

Which is the most essential function of an entrepreneur? 

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  • 1
    Marketing
    Correct
    Wrong
  • 2
    Risk bearing
    Correct
    Wrong
  • 3
    Supervision
    Correct
    Wrong
  • 4
    Management
    Correct
    Wrong
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Answer : 2. "Risk bearing "

Q:

In which crop the most disappointing result of Green Revolution was seen?

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  • 1
    Pulses
    Correct
    Wrong
  • 2
    Maize
    Correct
    Wrong
  • 3
    Oilseeds
    Correct
    Wrong
  • 4
    Soyabean
    Correct
    Wrong
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Answer : 1. "Pulses"

Q:

Which method is acceptable in the following?

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  • 1
    10 rupee note
    Correct
    Wrong
  • 2
    Check
    Correct
    Wrong
  • 3
    Draft
    Correct
    Wrong
  • 4
    All of these
    Correct
    Wrong
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Answer : 1. "10 rupee note"

Q:

What is the accounting year period of Reserve Bank of India?

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  • 1
    April to March
    Correct
    Wrong
  • 2
    July to June
    Correct
    Wrong
  • 3
    January to December
    Correct
    Wrong
  • 4
    August to July
    Correct
    Wrong
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Answer : 2. "July to June "

Q:

In a cut motion, when the amount of demand is reduced by Rs 100/- , it is known as

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  • 1
    Disapproval of policy cut
    Correct
    Wrong
  • 2
    Economy cut
    Correct
    Wrong
  • 3
    Vote on Account
    Correct
    Wrong
  • 4
    Token cut
    Correct
    Wrong
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Answer : 4. "Token cut"

Q:

PSW stands for

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  • 1
    Process status word
    Correct
    Wrong
  • 2
    Processor status word
    Correct
    Wrong
  • 3
    Program status word
    Correct
    Wrong
  • 4
    Primitive status word
    Correct
    Wrong
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Answer : 3. "Program status word"

Q:

The first bank to open its branch outside India in London in 1946

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  • 1
    Bank of India
    Correct
    Wrong
  • 2
    Canara Bank
    Correct
    Wrong
  • 3
    Imperial Bank of India
    Correct
    Wrong
  • 4
    Central Bank of India
    Correct
    Wrong
  • 5
    None of these
    Correct
    Wrong
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Answer : 1. "Bank of India"
Explanation :

The first Indian bank to open a branch outside India was the Bank of India. It established its first overseas branch in London in 1946.

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