Indian Economy Practice Question and Answer

Q:

The Indian economy can be appropriately described as a: 

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  • 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:

In which year NABARD was established?

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

Q:

Who was the first to assess national income in India?

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  • 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 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?

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  • 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:

What is the Hindu growth rate related to?

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  • 1
    Population
    Correct
    Wrong
  • 2
    Literacy
    Correct
    Wrong
  • 3
    per capita income
    Correct
    Wrong
  • 4
    National income
    Correct
    Wrong
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Answer : 4. "National income"

Q:

A discount given for the purpose of increasing sales is called-

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  • 1
    Commercial leave
    Correct
    Wrong
  • 2
    Cash discount
    Correct
    Wrong
  • 3
    Discount received
    Correct
    Wrong
  • 4
    None of these
    Correct
    Wrong
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Answer : 1. "Commercial leave"

Q:

The apex organization of industrial finance in India is?

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  • 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:

In which year was the Indian Unit Test established?

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

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