Indian Economy Practice Question and Answer
8 Q: In which year were the Regional Rural Banks established?
1629 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_____.
1621 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: Which of the following issued initial Public Offer no rins for Life Insurance?
1620 06087b30b9f98193d2de7a776
6087b30b9f98193d2de7a776- 1CRISILfalse
- 2SEBIfalse
- 3RBItrue
- 4IRDAfalse
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Answer : 3. "RBI"
Q: What is the basic structure of an economy?
1618 06037642a24cd273bc4f50b53
6037642a24cd273bc4f50b53- 1Agriculturefalse
- 2industriesfalse
- 3Servicesfalse
- 4threetrue
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Answer : 4. "three"
Q: Which among the following formulates fiscal policy?
1617 05ec37a128463ff0219fff578
5ec37a128463ff0219fff578- 1RBItrue
- 2Finance Ministryfalse
- 3SEBIfalse
- 4Planning Commissionfalse
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Answer : 1. "RBI "
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?
1596 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: Bokaro Steel Plant has been established with the help of which country?
1596 060d316c0025df84f0791d22e
60d316c0025df84f0791d22e- 1Great Britainfalse
- 2Francefalse
- 3Russiatrue
- 4none of thesefalse
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Answer : 3. "Russia"
Q: When did the process of globalization begin in India?
1596 0603765e7cd43d04a8f4b69f7
603765e7cd43d04a8f4b69f7- 11991true
- 21980false
- 31992false
- 41996false
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