Indian Economy Practice Question and Answer

Q:

National Institute of Agricultural Marketing is located at?

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  • 1
    Jaipur
    Correct
    Wrong
  • 2
    Hyderabad
    Correct
    Wrong
  • 3
    New Delhi
    Correct
    Wrong
  • 4
    none of these
    Correct
    Wrong
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Answer : 1. "Jaipur"

Q:

Which form of currency is more prevalent nowadays?

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  • 1
    Metallic money
    Correct
    Wrong
  • 2
    letter money
    Correct
    Wrong
  • 3
    Coins
    Correct
    Wrong
  • 4
    All of these
    Correct
    Wrong
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Answer : 2. "letter money"

Q:

Which of the following is popular as plastic currency?

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  • 1
    A. Tm
    Correct
    Wrong
  • 2
    paper note
    Correct
    Wrong
  • 3
    Check
    Correct
    Wrong
  • 4
    Draft
    Correct
    Wrong
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Answer : 1. "A. Tm"

Q:

Which of the following are not functions of currency?

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  • 1
    Medium
    Correct
    Wrong
  • 2
    Measurement
    Correct
    Wrong
  • 3
    Payment
    Correct
    Wrong
  • 4
    Writing and editing
    Correct
    Wrong
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Answer : 4. "Writing and editing"

Q:

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

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  • 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 Bombay Stock Exchange established?

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  • 1
    1890 A.D.
    Correct
    Wrong
  • 2
    1865 A.D.
    Correct
    Wrong
  • 3
    1875 A.D.
    Correct
    Wrong
  • 4
    1881 A.D.
    Correct
    Wrong
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Answer : 3. "1875 A.D."

Q:

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

1533 0

  • 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:

Stagflation is defined as

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  • 1
    high inflation, low growth, high unemployment
    Correct
    Wrong
  • 2
    high inflation, low growth, high unemployment
    Correct
    Wrong
  • 3
    high inflation, high growth, high unemployment
    Correct
    Wrong
  • 4
    low inflation, high growth, low unemployment
    Correct
    Wrong
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Answer : 2. "high inflation, low growth, high unemployment "

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