Indian Economy Practice Question and Answer
8 Q: With which of the following sectors is the agency short-named as CIBIL associated
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6576efbefd78a97b0a43f28a- 1Insurance sectorfalse
- 2Automobile sectorfalse
- 3Banking sectortrue
- 4Sugar sectorfalse
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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: Which under crop is the maximum agricultural land in India?
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615c4327c0b1f36f74d55cb5- 1Ricetrue
- 2Cottonfalse
- 3Maizefalse
- 4Wheatfalse
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Answer : 1. "Rice"
Q: In Economics, buying an asset in one market and simultaneously selling an identical asset in another market at a higher price is termed as ____________.
1377 05f572bd6f13b91397f39d344
5f572bd6f13b91397f39d344- 1Depreciationfalse
- 2Mortgagefalse
- 3Devaluationfalse
- 4Arbitragetrue
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Answer : 4. "Arbitrage"
Q: To which country does India export the largest amount of iron ore?
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60d3186f1cefce3a61b26885- 1Japantrue
- 2Russiafalse
- 3U. K.false
- 4Germanyfalse
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Answer : 1. "Japan"
Q: Which of the following committee is not associated to the estimation of poverty in India?
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6329cb285c208a6bf7ddfeca- 1V.K. Alagh Committeefalse
- 2Suresh Tendulkar Committeefalse
- 3Rangarajan Committeefalse
- 4Vijay Kelkar Committeetrue
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Answer : 4. "Vijay Kelkar Committee"
Explanation :
It is related to the assessment of poverty in India.
(A) V.K. Alagh Committee
(B) Suresh Tendulkar Committee
(C) Rangarajan Committee
Q: Whose Arthashastra was composed?
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5fc217014f2f6c622bf3a11a- 1Chandraguptafalse
- 2Maurya Alexanderfalse
- 3Chanakyatrue
- 4None of thesefalse
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Answer : 3. "Chanakya"
Q: Which among the following formulates fiscal policy?
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5ec37a128463ff0219fff578- 1RBItrue
- 2Finance Ministryfalse
- 3SEBIfalse
- 4Planning Commissionfalse
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Answer : 1. "RBI "
Q: Which of the following will cause property prices to fall?
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5efbf6a10a52267797b6afba- 1More liquidity in the economyfalse
- 2Reduction in reverse repo rate by RBIfalse
- 3Increase in reverse repo rate by RBIfalse
- 4Demand and Supplytrue
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Answer : 4. "Demand and Supply"
Explanation :
Demand and Supply: For any given area, demand in the real estate will always be inversely proportional to supply. If there is a decrease in supply, prices will obviously go up for the existing projects. With an overall increase in the number of unsold housing projects, prices will go down for each one of them.