Indian Economy Practice Question and Answer
8 Q: When did the process of globalization begin in India?
1863 0603765e7cd43d04a8f4b69f7
603765e7cd43d04a8f4b69f7- 11991true
- 21980false
- 31992false
- 41996false
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Answer : 1. "1991"
Q: Which of the following committee is not associated to the estimation of poverty in India?
1860 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_____.
1855 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 one of the following is not a clause of the World Trade Organisation?
1849 160125f788f4dda4a277cf829
60125f788f4dda4a277cf829- 1Lowering trade barriers with negotiationsfalse
- 2Most favoured nation treatmentfalse
- 3Providing financial support to the countries having deficit balance of paymentstrue
- 4Discouraging unfair trade practices such as anti-dumping and export subsidiesfalse
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Answer : 3. "Providing financial support to the countries having deficit balance of payments"
Explanation :
Providing financial support to the countries having deficit balance of payments.
Q: “if other things remain the same” means
1848 062c41e5f31b6d20155fd2b65
62c41e5f31b6d20155fd2b65- 1ignoring everythingfalse
- 2to include each componentfalse
- 3all other unchanging thingstrue
- 4every variablefalse
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Answer : 3. "all other unchanging things"
Q: Bokaro Steel Plant has been established with the help of which country?
1844 060d316c0025df84f0791d22e
60d316c0025df84f0791d22e- 1Great Britainfalse
- 2Francefalse
- 3Russiatrue
- 4none of thesefalse
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Answer : 3. "Russia"
Q: The Indian economy can be appropriately described as a:
1840 06152acfe76e1e11d608f6d15
6152acfe76e1e11d608f6d15- 1Traditional economyfalse
- 2Mixed economytrue
- 3Capitalist economyfalse
- 4Socialist economyfalse
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Answer : 2. "Mixed economy "
Q: Which form of currency is more prevalent nowadays?
1833 05fc2185096415e6951aee86b
5fc2185096415e6951aee86b- 1Metallic moneyfalse
- 2letter moneytrue
- 3Coinsfalse
- 4All of thesefalse
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