Indian Economy Practice Question and Answer

Q:

To which country does India export the largest amount of iron ore?

1895 0

  • 1
    Japan
    Correct
    Wrong
  • 2
    Russia
    Correct
    Wrong
  • 3
    U. K.
    Correct
    Wrong
  • 4
    Germany
    Correct
    Wrong
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Answer : 1. "Japan"

Q:

Which of the following Indian states is a victim of poverty?

1893 0

  • 1
    Bihar
    Correct
    Wrong
  • 2
    Kerala
    Correct
    Wrong
  • 3
    Karnataka
    Correct
    Wrong
  • 4
    Haryana
    Correct
    Wrong
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Answer : 1. "Bihar"

Q:

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

1889 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:

Which is the most popular means of providing non institutional finance?

1889 0

  • 1
    Country Banker
    Correct
    Wrong
  • 2
    Mahajan
    Correct
    Wrong
  • 3
    Merchant
    Correct
    Wrong
  • 4
    Co-operative bank
    Correct
    Wrong
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Answer : 2. "Mahajan"

Q:

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

1888 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:

In which year were the Regional Rural Banks established?

1885 0

  • 1
    1985
    Correct
    Wrong
  • 2
    1975
    Correct
    Wrong
  • 3
    1990
    Correct
    Wrong
  • 4
    2011
    Correct
    Wrong
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Answer : 2. "1975"

Q:

Which of the following banks got the top spot among the PSU banks in the digital transactions as per the report published by the Department of Financial Services?

1871 0

  • 1
    State Bank of India
    Correct
    Wrong
  • 2
    Bank of India
    Correct
    Wrong
  • 3
    Punjab National Bank
    Correct
    Wrong
  • 4
    Bank of Baroda
    Correct
    Wrong
  • 5
    IDBI Bank
    Correct
    Wrong
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Answer : 3. "Punjab National Bank"
Explanation :

State Bank of India (SBI) and its associate banks and other commercial banks such as Central Bank of India, Bank of India, Punjab National Bank and various regional rural banks are some examples of public sector commercial banks.


Q:

Which among the following formulates fiscal policy? 

1869 0

  • 1
    RBI
    Correct
    Wrong
  • 2
    Finance Ministry
    Correct
    Wrong
  • 3
    SEBI
    Correct
    Wrong
  • 4
    Planning Commission
    Correct
    Wrong
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Answer : 1. "RBI "

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