Indian Economy Practice Question and Answer
8 4 Q:
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650ad9d0cb11fc5036ce9d90 Answer : 2. "Milton Freedman "
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Q: When was the Bombay Stock Exchange established?
1702 05f08316c429a37679ec221e1
5f08316c429a37679ec221e1- 11890 A.D.false
- 21865 A.D.false
- 31875 A.D.true
- 41881 A.D.false
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Answer : 3. "1875 A.D."
Q: Which of the following are not functions of currency?
1701 05fc218a456860473cc61425e
5fc218a456860473cc61425e- 1Mediumfalse
- 2Measurementfalse
- 3Paymentfalse
- 4Writing and editingtrue
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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?
1694 05f16b980cf79540a753942ee
5f16b980cf79540a753942ee- 1Fiscal tractionfalse
- 2Austerity measuresfalse
- 3Repo ratetrue
- 4Fiscal boostfalse
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Answer : 3. "Repo rate"
Q: The Relationship between rate of interest and consumption level was firstly estimated by–
1693 0650ad9d0cb11fc5036ce9d90
650ad9d0cb11fc5036ce9d90- 1Amartya Senfalse
- 2Milton Freedmantrue
- 3Irwing Fischerfalse
- 4James Duezan Berryfalse
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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.
Q: An area which supports the economy and export trade of a sea port is called its ______.
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5f571e37f13b91397f395f04- 1Trade landfalse
- 2Hinter landtrue
- 3Import landfalse
- 4Export landfalse
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Answer : 2. "Hinter land"
Q: What is called by the government to abolish the old currency and move to the new currency?
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6088f6270ac1df7d9f7feca2- 1Demonetizationtrue
- 2devaluationfalse
- 3Currency contractionfalse
- 4All thesefalse
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Answer : 1. "Demonetization"
Q: Stagflation is defined as
1684 05f437d353688b83fde024abc
5f437d353688b83fde024abc- 1high inflation, low growth, high unemploymentfalse
- 2high inflation, low growth, high unemploymenttrue
- 3high inflation, high growth, high unemploymentfalse
- 4low inflation, high growth, low unemploymentfalse
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Answer : 2. "high inflation, low growth, high unemployment "
Q: Who is the exponent of the term Green Revolution?
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611398f1b7b4a6411ff6cc87- 1William Godtrue
- 2Verghese Kurienfalse
- 3Norman Borlaugfalse
- 4none of thesefalse
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Answer : 1. "William God"
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