Indian Economy Practice Question and Answer
8 Q: In Economics, buying an asset in one market and simultaneously selling an identical asset in another market at a higher price is termed as ____________.
1526 05f572bd6f13b91397f39d344
5f572bd6f13b91397f39d344- 1Depreciationfalse
- 2Mortgagefalse
- 3Devaluationfalse
- 4Arbitragetrue
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Answer : 4. "Arbitrage"
Q: With whose cooperation was the Durgapur Steel Plant established?
1522 060d3170964466567bd755c5a
60d3170964466567bd755c5a- 1Germanyfalse
- 2Great Britaintrue
- 3Russiafalse
- 4Francefalse
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Answer : 2. "Great Britain"
Q: Which of the following is considered a capital expense?
1503 064c3960f29beb3482a3bcc49
64c3960f29beb3482a3bcc49- 1Pensionfalse
- 2Payment of salariesfalse
- 3Subsidiesfalse
- 4Construction of school buildingstrue
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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: In which of the following banks, a person cannot open his account?
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6088f9ef06b39f63ea8ee107- 1Bank of Indiafalse
- 2Urban Co-operative Bankfalse
- 3Reserve Bank of Indiatrue
- 4All thesefalse
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Answer : 3. "Reserve Bank of India"
Q: What is India's position in the Human Development Index?
1498 05f7d512590b25c12b1ef8ac9
5f7d512590b25c12b1ef8ac9- 1126true
- 2127false
- 3129false
- 4128false
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Answer : 1. "126"
Q: A discount given for the purpose of increasing sales is called-
1497 05fb7b2d0e7381019a0b88695
5fb7b2d0e7381019a0b88695- 1Commercial leavetrue
- 2Cash discountfalse
- 3Discount receivedfalse
- 4None of thesefalse
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Answer : 1. "Commercial leave"
Q: Which country is the largest consumer of gold in the world?
1495 060d3174d6cc0e73be00e4351
60d3174d6cc0e73be00e4351- 1Japanfalse
- 2Indiatrue
- 3Russiafalse
- 4Francefalse
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Answer : 2. "India"
Q: As per estimates of the Planning Commission of India the target growth rate of 12th Five-Year Plan is set to
1494 0601bc4847c5c886562ae88c5
601bc4847c5c886562ae88c5- 17 to 8%false
- 28.0% to 8.5%true
- 39% to 9.5%false
- 410 to 10.5%false
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Answer : 2. "8.0% to 8.5%"
Explanation :
The Approach Paper has proposed a target of 8 per cent growth for the Twelfth Plan. Health, education and skill development, environment and natural resources, and infrastructure development were the focus areas of the Twelfth Plan.