Indian Economy Practice Question and Answer
8 Q: Which of the following committee is not associated to the estimation of poverty in India?
1708 06329cb285c208a6bf7ddfeca
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: FEMA (Foreign Exchange Management Act) was finally implemented in the year_____.
1708 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: What is the basic structure of an economy?
1708 06037642a24cd273bc4f50b53
6037642a24cd273bc4f50b53- 1Agriculturefalse
- 2industriesfalse
- 3Servicesfalse
- 4threetrue
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Answer : 4. "three"
Q: Which among the following formulates fiscal policy?
1706 05ec37a128463ff0219fff578
5ec37a128463ff0219fff578- 1RBItrue
- 2Finance Ministryfalse
- 3SEBIfalse
- 4Planning Commissionfalse
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Answer : 1. "RBI "
Q: Bokaro Steel Plant has been established with the help of which country?
1704 060d316c0025df84f0791d22e
60d316c0025df84f0791d22e- 1Great Britainfalse
- 2Francefalse
- 3Russiatrue
- 4none of thesefalse
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Answer : 3. "Russia"
Q: Which of the following issued initial Public Offer no rins for Life Insurance?
1693 06087b30b9f98193d2de7a776
6087b30b9f98193d2de7a776- 1CRISILfalse
- 2SEBIfalse
- 3RBItrue
- 4IRDAfalse
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Answer : 3. "RBI"
Q: When did the process of globalization begin in India?
1689 0603765e7cd43d04a8f4b69f7
603765e7cd43d04a8f4b69f7- 11991true
- 21980false
- 31992false
- 41996false
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Answer : 1. "1991"
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?
1686 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.