Indian Economy Practice Question and Answer
8 Q: Which among the following formulates fiscal policy?
1474 05ec37a128463ff0219fff578
5ec37a128463ff0219fff578- 1RBItrue
- 2Finance Ministryfalse
- 3SEBIfalse
- 4Planning Commissionfalse
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Answer : 1. "RBI "
Q: In which year were the Regional Rural Banks established?
1467 05fc228d4f4c6e37e930c9e11
5fc228d4f4c6e37e930c9e11- 11985false
- 21975true
- 31990false
- 42011false
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Answer : 2. "1975"
Q: FEMA (Foreign Exchange Management Act) was finally implemented in the year_____.
1464 0611245fd88e0566940a2af54
611245fd88e0566940a2af54- 11991false
- 21997false
- 32002true
- 42007false
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Answer : 3. "2002"
Explanation :
Foreign Exchange Management Act, 1999 (FEMA) came into force by an act of Parliament. It was enacted on 29 December 1999.
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 ____________.
1457 05f572bd6f13b91397f39d344
5f572bd6f13b91397f39d344- 1Depreciationfalse
- 2Mortgagefalse
- 3Devaluationfalse
- 4Arbitragetrue
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Answer : 4. "Arbitrage"
Q: Which of the following will cause property prices to fall?
1456 05efbf6a10a52267797b6afba
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.
Q: When was the Planning Commission formed in India?
1439 05f7d53ea3c7d8710e014920c
5f7d53ea3c7d8710e014920c- 115 March 1950true
- 215 September 1950false
- 315 October 1951false
- 4None of thesefalse
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Answer : 1. "15 March 1950"
Q: What is the basic structure of an economy?
1439 06037642a24cd273bc4f50b53
6037642a24cd273bc4f50b53- 1Agriculturefalse
- 2industriesfalse
- 3Servicesfalse
- 4threetrue
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Answer : 4. "three"
Q: The tree like structure of records in a database in-
1436 0650aa695761b44505ec9b708
650aa695761b44505ec9b708- 1Network Modelfalse
- 2Hierarchical Modeltrue
- 3Relational Modelfalse
- 4Multi-Dimenmoral Modelfalse
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Answer : 2. "Hierarchical Model"
Explanation :
Explain: -Hierarchical structures were widely used in the early mainframe database management system, such as the Information Management System