Indian Economy Practice Question and Answer

Q:

Who introduced this definition of Mudra itself which creates Mudra?

1409 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:

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

1404 0

  • 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:

In which year NABARD was established?

1400 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:

The Indian economy can be appropriately described as a: 

1398 0

  • 1
    Traditional economy
    Correct
    Wrong
  • 2
    Mixed economy
    Correct
    Wrong
  • 3
    Capitalist economy
    Correct
    Wrong
  • 4
    Socialist economy
    Correct
    Wrong
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Answer : 2. "Mixed economy "

Q:

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

1389 0

  • 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:

The apex organization of industrial finance in India is?

1384 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"

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?

1381 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:

Who was the first to assess national income in India?

1378 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"

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