Indian Economy Practice Question and Answer
8 Q: Which state is the largest producer of pepper in India?
1712 060376a93cd43d04a8f4b7190
60376a93cd43d04a8f4b7190- 1Tamil Nadufalse
- 2Andhra Pradeshfalse
- 3Keralatrue
- 4Meghalayafalse
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Answer : 3. "Kerala"
Q: In which country did the Industrial Revolution first take place?
1709 061139258f65c04691bf240a5
61139258f65c04691bf240a5- 1Englandtrue
- 2Francefalse
- 3Germanyfalse
- 4Indiafalse
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Answer : 1. "England"
Q: When was the Industrial Finance Corporation of India established?
1707 060d3168d025df84f0791d21d
60d3168d025df84f0791d21d- 11945false
- 21948true
- 31953false
- 41990false
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Answer : 2. "1948"
Q: What is the Hindu growth rate related to?
1706 06052f333a37d522d6c187861
6052f333a37d522d6c187861- 1Populationfalse
- 2Literacyfalse
- 3per capita incomefalse
- 4National incometrue
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Answer : 4. "National income"
Q: Which method is used in calculating national income in India?
1705 05f029be8ce72ee4f9c9c132b
5f029be8ce72ee4f9c9c132b- 1Origin calculation methodfalse
- 2Income Lawfalse
- 3both of the abovetrue
- 4None of thesefalse
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Answer : 3. "both of the above"
Q: What is the purpose of economic activities? Both
1704 05f7d50403c7d8710e0147a08
5f7d50403c7d8710e0147a08- 1Livelihoodtrue
- 2Entertainmentfalse
- 3A) and (B)false
- 4None of thesefalse
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Answer : 1. "Livelihood"
Q: When is National Consumer Day celebrated in India?
1703 0603768969792c13b2858a0d7
603768969792c13b2858a0d7- 124 Decembertrue
- 21 Marchfalse
- 310 Aprilfalse
- 410 Decemberfalse
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Answer : 1. "24 December"
Q: In which year did the Government of India set up the first mutual fund by an Act of Parliament?
1697 064c399c196ae1f484204f7eb
64c399c196ae1f484204f7eb- 11979false
- 21982false
- 31963true
- 41971false
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Answer : 3. "1963"
Explanation :
1. The mutual fund industry in India began in 1963 with the formation of UTI by an Act of Parliament in 1963 and functioned under the regulatory and administrative control of the Reserve Bank of India (RBI).
2. Unit Trust of India (UTI) was established by an Act of Parliament in 1963.
3. UTI is the first mutual fund company established in India.