Indian Economy Practice Question and Answer

Q:

What is called by the government to abolish the old currency and move to the new currency?

1473 0

  • 1
    Demonetization
    Correct
    Wrong
  • 2
    devaluation
    Correct
    Wrong
  • 3
    Currency contraction
    Correct
    Wrong
  • 4
    All these
    Correct
    Wrong
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Answer : 1. "Demonetization"

Q:

___________ unemployment happens when people are not able to find jobs during some months of the year.

1467 1

  • 1
    Disguised
    Correct
    Wrong
  • 2
    Educated
    Correct
    Wrong
  • 3
    Seasonal
    Correct
    Wrong
  • 4
    None of the above
    Correct
    Wrong
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Answer : 3. "Seasonal"

Q:

In which year was the Industrial Reconstruction Bank of India established?

1466 0

  • 1
    1947
    Correct
    Wrong
  • 2
    1990
    Correct
    Wrong
  • 3
    1985
    Correct
    Wrong
  • 4
    1991
    Correct
    Wrong
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Answer : 3. "1985"

Q:

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

1458 0

  • 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:

Who suggested to recover from the terrible economic slowdown of Teesa?

1455 0

  • 1
    Prof. Cannes
    Correct
    Wrong
  • 2
    Malthus
    Correct
    Wrong
  • 3
    Amartya Sen
    Correct
    Wrong
  • 4
    Dada Bhai Naoroji
    Correct
    Wrong
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Answer : 1. "Prof. Cannes"

Q:

The Cooperative Planning Committee was formed under whose leadership?

1450 0

  • 1
    R. G. Saraiya
    Correct
    Wrong
  • 2
    Meclagan
    Correct
    Wrong
  • 3
    Horesh
    Correct
    Wrong
  • 4
    Chelmsford
    Correct
    Wrong
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Answer : 1. "R. G. Saraiya"

Q:

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

1448 0

  • 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 Commission for Agricultural Costs and Commission established?

1447 0

  • 1
    1960
    Correct
    Wrong
  • 2
    1965
    Correct
    Wrong
  • 3
    1966
    Correct
    Wrong
  • 4
    1969
    Correct
    Wrong
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Answer : 2. "1965 "

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