Indian Economy Practice Question and Answer
8 Q: Which curve shows the inverse relationship between unemployment and inflation rates?
1520 05f572460c1a5d57a18308e06
5f572460c1a5d57a18308e06- 1Phillips curvetrue
- 2Indifference curvefalse
- 3IS curvefalse
- 4Supply curvefalse
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Answer : 1. "Phillips curve "
Q: In which year did the Government of India set up the first mutual fund by an Act of Parliament?
1520 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.
Q: The largest producer of wheat in India is the state?
1519 06142df3eca41d4144a0e1211
6142df3eca41d4144a0e1211- 1Madhya Pradeshfalse
- 2Haryanafalse
- 3Andhra Pradeshfalse
- 4Uttar Pradeshtrue
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Answer : 4. "Uttar Pradesh"
Q: In which year was the first Regional Rural Bank established?
1517 060d3131764466567bd754f22
60d3131764466567bd754f22- 11947false
- 21975true
- 31950false
- 41995false
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Answer : 2. "1975"
Q: Which of the following is not investment expenditure in good and servies?
1517 05f02a55d7a5a806340b11306
5f02a55d7a5a806340b11306- 1Purchase of a housetrue
- 2Purchase of a machineryfalse
- 3Expansion of the main plant of a companyfalse
- 4An increases in business inventoriesfalse
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Answer : 1. "Purchase of a house"
Q: The Micro, Small and Medium Enterprises Development Act was passed in the year ____.
1517 15fe2e3034c864b4aa0e43f83
5fe2e3034c864b4aa0e43f83- 12002false
- 22006true
- 32004false
- 42008false
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Answer : 2. "2006"
Explanation :
Notification for enforcement of MSME Act, 2006, The Provisions of the Micro, Small and Medium Enterprises Development Act, 2006 (27 of 2006) shall come into force from 2nd October, 2006.
Q: A ____________ occurs when a government's total expenditures exceed the revenue that it generates, excluding money from borrowings.
1514 05f4cb7765e74bc4ee54ea1cb
5f4cb7765e74bc4ee54ea1cb- 1Current Account Deficitfalse
- 2Budgetary Deficitfalse
- 3Revenue Deficitfalse
- 4Fiscal Deficittrue
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Answer : 4. "Fiscal Deficit"
Q: Who is the President of National Development Council?
1510 05f7d52a71e5cb657ce31ee53
5f7d52a71e5cb657ce31ee53- 1Prime Ministertrue
- 2Presidentfalse
- 3Governorfalse
- 4Vice Presidentfalse
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