Indian Economy Practice Question and Answer

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?

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  • 1
    State Bank of India
    Correct
    Wrong
  • 2
    Bank of India
    Correct
    Wrong
  • 3
    Punjab National Bank
    Correct
    Wrong
  • 4
    Bank of Baroda
    Correct
    Wrong
  • 5
    IDBI Bank
    Correct
    Wrong
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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:

A ____________ occurs when a government's total expenditures exceed the revenue that it generates, excluding money from borrowings.

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  • 1
    Current Account Deficit
    Correct
    Wrong
  • 2
    Budgetary Deficit
    Correct
    Wrong
  • 3
    Revenue Deficit
    Correct
    Wrong
  • 4
    Fiscal Deficit
    Correct
    Wrong
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Answer : 4. "Fiscal Deficit"

Q:

Which curve shows the inverse relationship between unemployment and inflation rates?

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  • 1
    Phillips curve
    Correct
    Wrong
  • 2
    Indifference curve
    Correct
    Wrong
  • 3
    IS curve
    Correct
    Wrong
  • 4
    Supply curve
    Correct
    Wrong
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Answer : 1. "Phillips curve "

Q:

When was the National Nyadarshan established in the country?

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  • 1
    1955
    Correct
    Wrong
  • 2
    1965
    Correct
    Wrong
  • 3
    1950
    Correct
    Wrong
  • 4
    1952
    Correct
    Wrong
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Answer : 3. "1950"

Q:

Due to worldwide great depression, ‘New Deal’ was declared by?

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  • 1
    Abhraham Lincon
    Correct
    Wrong
  • 2
    Benzamin Frankllin
    Correct
    Wrong
  • 3
    J.F. Kennedy
    Correct
    Wrong
  • 4
    Roozwelt
    Correct
    Wrong
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Answer : 4. "Roozwelt"
Explanation :

Explain: -New Deal definition. A group of government programs and policies established under President Franklin D. Roosevelt in the 1930s; the New Deal was designed to improve conditions for persons suffering in the Great Depression.

Q:

When did the process of globalization begin in India?

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  • 1
    1991
    Correct
    Wrong
  • 2
    1980
    Correct
    Wrong
  • 3
    1992
    Correct
    Wrong
  • 4
    1996
    Correct
    Wrong
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Answer : 1. "1991"

Q:

Bokaro Steel Plant has been established with the help of which country?

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  • 1
    Great Britain
    Correct
    Wrong
  • 2
    France
    Correct
    Wrong
  • 3
    Russia
    Correct
    Wrong
  • 4
    none of these
    Correct
    Wrong
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Answer : 3. "Russia"

Q:

Which of the following crops is more than all the countries of the world in India?

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  • 1
    Wheat
    Correct
    Wrong
  • 2
    Cotton
    Correct
    Wrong
  • 3
    Sugarcane
    Correct
    Wrong
  • 4
    Rice
    Correct
    Wrong
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Answer : 3. "Sugarcane"

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