Indian Economy Practice Question and Answer

Q:

Which of the following is the most dynamic factor of production?

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  • 1
    Capital
    Correct
    Wrong
  • 2
    Organization
    Correct
    Wrong
  • 3
    land
    Correct
    Wrong
  • 4
    Labor
    Correct
    Wrong
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Answer : 1. "Capital"

Q:

Who among the following promotes social justice?

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  • 1
    Herald Laski
    Correct
    Wrong
  • 2
    John Keynes
    Correct
    Wrong
  • 3
    John Rowles
    Correct
    Wrong
  • 4
    All of the above
    Correct
    Wrong
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Answer : 3. "John Rowles "

Q:

Which method is used in calculating national income in India?

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  • 1
    Origin calculation method
    Correct
    Wrong
  • 2
    Income Law
    Correct
    Wrong
  • 3
    both of the above
    Correct
    Wrong
  • 4
    None of these
    Correct
    Wrong
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Answer : 3. "both of the above"

Q:

The Federal Reserve Bank is the central bank of which country?

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  • 1
    America
    Correct
    Wrong
  • 2
    Germany
    Correct
    Wrong
  • 3
    France
    Correct
    Wrong
  • 4
    Others
    Correct
    Wrong
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Answer : 1. "America"

Q:

When was the Industrial Finance Corporation of India established?

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  • 1
    1945
    Correct
    Wrong
  • 2
    1948
    Correct
    Wrong
  • 3
    1953
    Correct
    Wrong
  • 4
    1990
    Correct
    Wrong
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Answer : 2. "1948"

Q:

Which state is the largest producer of pepper in India?

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  • 1
    Tamil Nadu
    Correct
    Wrong
  • 2
    Andhra Pradesh
    Correct
    Wrong
  • 3
    Kerala
    Correct
    Wrong
  • 4
    Meghalaya
    Correct
    Wrong
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Answer : 3. "Kerala"

Q:

__________ is not a loan category in MUDRA Scheme.

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  • 1
    Shishu
    Correct
    Wrong
  • 2
    Kishore
    Correct
    Wrong
  • 3
    Yuva
    Correct
    Wrong
  • 4
    Tarun
    Correct
    Wrong
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Answer : 3. "Yuva"

Q:

Which of the following ministry has Launched Mobile Application “ Jan Dhan Darshak” as A Part of Financial Inclusion?

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  • 1
    Finance Ministry
    Correct
    Wrong
  • 2
    Ministry of Consumer Affairs, Food and Public Distribution
    Correct
    Wrong
  • 3
    Ministry of Human Resource Development
    Correct
    Wrong
  • 4
    Ministry of Parliamentary Affairs
    Correct
    Wrong
  • 5
    Ministry of Commerce and Industry
    Correct
    Wrong
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Answer : 1. "Finance Ministry"
Explanation :

Department of Financial Services (DFS), Ministry of Finance and National Informatics Centre (NIC) has jointly developed a mobile app called Jan Dhan Darshak as a part of financial inclusion (FI) initiative .

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