Indian Economy Practice Question and Answer
8 Q: Who is the exponent of the term Green Revolution?
1409 0611398f1b7b4a6411ff6cc87
611398f1b7b4a6411ff6cc87- 1William Godtrue
- 2Verghese Kurienfalse
- 3Norman Borlaugfalse
- 4none of thesefalse
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Answer : 1. "William God"
Q: Which of the following will cause property prices to fall?
1407 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: FEMA (Foreign Exchange Management Act) was finally implemented in the year_____.
1400 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: A discount given for the purpose of increasing sales is called-
1396 05fb7b2d0e7381019a0b88695
5fb7b2d0e7381019a0b88695- 1Commercial leavetrue
- 2Cash discountfalse
- 3Discount receivedfalse
- 4None of thesefalse
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Answer : 1. "Commercial leave"
Q: When was the Planning Commission formed in India?
1390 05f7d53ea3c7d8710e014920c
5f7d53ea3c7d8710e014920c- 115 March 1950true
- 215 September 1950false
- 315 October 1951false
- 4None of thesefalse
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Answer : 1. "15 March 1950"
Q: India is ranked on the basis of ppp (Purchasing Power Parity)?
1386 05f7d4ecf90b25c12b1ef7bfe
5f7d4ecf90b25c12b1ef7bfe- 14false
- 29false
- 37false
- 43true
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Answer : 4. "3"
Q: In which year were the Regional Rural Banks established?
1384 05fc228d4f4c6e37e930c9e11
5fc228d4f4c6e37e930c9e11- 11985false
- 21975true
- 31990false
- 42011false
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Answer : 2. "1975"
Q: What is the basic structure of an economy?
1371 06037642a24cd273bc4f50b53
6037642a24cd273bc4f50b53- 1Agriculturefalse
- 2industriesfalse
- 3Servicesfalse
- 4threetrue
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