Indian Economy Practice Question and Answer
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Q: Where is the headquarters of International Organization for Standardization (ISO)?
1243 0603767ce24cd273bc4f512c8
603767ce24cd273bc4f512c8- 1Dhakafalse
- 2Genevatrue
- 3New Yorkfalse
- 4Londonfalse
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Answer : 2. "Geneva"
Q: The oldest large industry of India is?
1243 0611392e6e60c1d4cec2678eb
611392e6e60c1d4cec2678eb- 1Cotton textile industrytrue
- 2Jute Industryfalse
- 3Paper Industryfalse
- 4Handicraft Industryfalse
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Answer : 1. "Cotton textile industry"
Q: Who has the absolute right to issue paper note currency in India?
1241 060d30d9f64466567bd753e58
60d30d9f64466567bd753e58- 1Urban Co-operative Bankfalse
- 2Bank of Indiafalse
- 3Finance Commissionfalse
- 4Reserve Banktrue
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Answer : 4. "Reserve Bank"
Q: Who among the following formulates the monetary policy in India?
1238 060939266b8018e6486aedf6b
60939266b8018e6486aedf6b- 1Finance Commission of Indiafalse
- 2Reserve Bank of Indiatrue
- 3NITI Aayogfalse
- 4The Ministry of Statistics and Programme Implementationfalse
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Answer : 2. "Reserve Bank of India "
Q: Which of the following statements is correct?
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6336e8b55c208a6bf71b7807- 1Most workers will work for less than their reservation wagefalse
- 2The reservation wage is the maximum amount of any firm will pay for a workerfalse
- 3Economic rent is the difference between the market wage and the reservation wagetrue
- 4Economic rent is the amount one must pay to enter a desirable labour marketfalse
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Answer : 3. "Economic rent is the difference between the market wage and the reservation wage"
Q: Which of the following is the most dynamic factor of production?
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60d3150b025df84f0791cd45- 1Capitaltrue
- 2Organizationfalse
- 3landfalse
- 4Laborfalse
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Answer : 1. "Capital"
Q: When was the Industrial Finance Corporation of India established?
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60d3168d025df84f0791d21d- 11945false
- 21948true
- 31953false
- 41990false
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Answer : 2. "1948"
Q: Of the following land uses, which is restricted to Special Economic Zones?
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601241da7fb81d03bf8160cd- 1Information Technology Companiesfalse
- 2Free Trade Centrestrue
- 3Educational Institutionsfalse
- 4Marketing Centresfalse
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Answer : 2. "Free Trade Centres"
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