Indian Economy Practice Question and Answer

Q:

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

1595 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:

Which under crop is the maximum agricultural land in India?

1588 0

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

Q:

Who was the first to assess national income in India?

1584 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:

Who introduced this definition of Mudra itself which creates Mudra?

1577 0

  • 1
    Marshal
    Correct
    Wrong
  • 2
    Hanson
    Correct
    Wrong
  • 3
    Crowther
    Correct
    Wrong
  • 4
    Crowmer
    Correct
    Wrong
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Answer : 4. "Crowmer"

Q:

Who among the following is associated as a head with the Highlevel Task Force on Public Credit Registry (PCR) formed by the Reserve Bank of India?

1574 0

  • 1
    S Venkitaraman
    Correct
    Wrong
  • 2
    G. Ambegaokar
    Correct
    Wrong
  • 3
    Yeshwant M. Deosthalee
    Correct
    Wrong
  • 4
    R S Gujral
    Correct
    Wrong
  • 5
    S R Rao
    Correct
    Wrong
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Answer : 3. "Yeshwant M. Deosthalee"
Explanation :

High Level Task Force Report Summary Public Credit Registry for India. The Reserve Bank of India (RBI) had constituted a High Level Task Force (Chair: Mr. Y. M. Deosthalee) to assess the need and scope of setting up a Public Credit Registry in India.

Q:

Which of the following will cause property prices to fall?

1573 0

  • 1
    More liquidity in the economy
    Correct
    Wrong
  • 2
    Reduction in reverse repo rate by RBI
    Correct
    Wrong
  • 3
    Increase in reverse repo rate by RBI
    Correct
    Wrong
  • 4
    Demand and Supply
    Correct
    Wrong
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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:

When was the National Nyadarshan established in the country?

1567 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:

When was the Planning Commission formed in India?

1566 0

  • 1
    15 March 1950
    Correct
    Wrong
  • 2
    15 September 1950
    Correct
    Wrong
  • 3
    15 October 1951
    Correct
    Wrong
  • 4
    None of these
    Correct
    Wrong
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Answer : 1. "15 March 1950"

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