Indian Economy Practice Question and Answer

Q:

In which year NABARD was established?

1823 0

  • 1
    1935
    Correct
    Wrong
  • 2
    1991
    Correct
    Wrong
  • 3
    1976
    Correct
    Wrong
  • 4
    1982
    Correct
    Wrong
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Answer : 4. "1982"

Q:

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

1818 0

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

Q:

When was the National Nyadarshan established in the country?

1811 0

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

Q:

What is the basic structure of an economy?

1810 0

  • 1
    Agriculture
    Correct
    Wrong
  • 2
    industries
    Correct
    Wrong
  • 3
    Services
    Correct
    Wrong
  • 4
    three
    Correct
    Wrong
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Answer : 4. "three"

Q:

Who was the first to assess national income in India?

1803 0

  • 1
    Dada Bhai Naoroji
    Correct
    Wrong
  • 2
    R.C.V Rao
    Correct
    Wrong
  • 3
    V.K.R.V Rao
    Correct
    Wrong
  • 4
    D .R. Gadanil
    Correct
    Wrong
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Answer : 1. "Dada Bhai Naoroji"

Q:

In which year was the Indian Unit Test established?

1802 0

  • 1
    1964
    Correct
    Wrong
  • 2
    1969
    Correct
    Wrong
  • 3
    1971
    Correct
    Wrong
  • 4
    1973
    Correct
    Wrong
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Answer : 1. "1964"

Q:

Which of the following is considered a capital expense?

1799 0

  • 1
    Pension  
    Correct
    Wrong
  • 2
    Payment of salaries  
    Correct
    Wrong
  • 3
    Subsidies
    Correct
    Wrong
  • 4
    Construction of school buildings
    Correct
    Wrong
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Answer : 4. "Construction of school buildings"
Explanation :

1. Capital expenditure is money spent by the government on the development of machinery, equipment, buildings, health facilities, education etc.

2. It also includes expenditure by the government on the acquisition of fixed assets like land and investments which give future profits or dividends.

3. Creation of assets as well as repayment of loans is also capital expenditure, as it reduces liability.

Q:

The apex organization of industrial finance in India is?

1797 0

  • 1
    I.C.I.C.I
    Correct
    Wrong
  • 2
    R.B.I
    Correct
    Wrong
  • 3
    I.F.C.I
    Correct
    Wrong
  • 4
    I.D.B.I
    Correct
    Wrong
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Answer : 4. "I.D.B.I"

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