Indian Economy Practice Question and Answer
8 Q: To which country does India export the largest amount of iron ore?
1895 060d3186f1cefce3a61b26885
60d3186f1cefce3a61b26885- 1Japantrue
- 2Russiafalse
- 3U. K.false
- 4Germanyfalse
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Answer : 1. "Japan"
Q: Which of the following Indian states is a victim of poverty?
1893 05f7d551a90b25c12b1efb3a3
5f7d551a90b25c12b1efb3a3- 1Bihartrue
- 2Keralafalse
- 3Karnatakafalse
- 4Haryanafalse
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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 06088f6270ac1df7d9f7feca2
6088f6270ac1df7d9f7feca2- 1Demonetizationtrue
- 2devaluationfalse
- 3Currency contractionfalse
- 4All thesefalse
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Answer : 1. "Demonetization"
Q: Which is the most popular means of providing non institutional finance?
1889 05fc229f84f2f6c622bf429d3
5fc229f84f2f6c622bf429d3- 1Country Bankerfalse
- 2Mahajantrue
- 3Merchantfalse
- 4Co-operative bankfalse
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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 05f571e37f13b91397f395f04
5f571e37f13b91397f395f04- 1Trade landfalse
- 2Hinter landtrue
- 3Import landfalse
- 4Export landfalse
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Answer : 2. "Hinter land"
Q: In which year were the Regional Rural Banks established?
1885 05fc228d4f4c6e37e930c9e11
5fc228d4f4c6e37e930c9e11- 11985false
- 21975true
- 31990false
- 42011false
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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 061824f0ce9ec4a6710563d63
61824f0ce9ec4a6710563d63- 1State Bank of Indiafalse
- 2Bank of Indiafalse
- 3Punjab National Banktrue
- 4Bank of Barodafalse
- 5IDBI Bankfalse
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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 05ec37a128463ff0219fff578
5ec37a128463ff0219fff578- 1RBItrue
- 2Finance Ministryfalse
- 3SEBIfalse
- 4Planning Commissionfalse
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