Indian Economy Practice Question and Answer

Q:

When is National Consumer Day celebrated in India?

1346 0

  • 1
    24 December
    Correct
    Wrong
  • 2
    1 March
    Correct
    Wrong
  • 3
    10 April
    Correct
    Wrong
  • 4
    10 December
    Correct
    Wrong
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Answer : 1. "24 December"

Q:

Where is the national center of organic Fertilizer production?

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  • 1
    Hyderabad
    Correct
    Wrong
  • 2
    Ghaziabad
    Correct
    Wrong
  • 3
    Nellore
    Correct
    Wrong
  • 4
    Dehradun
    Correct
    Wrong
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Answer : 2. "Ghaziabad"

Q:

Which of the following is not investment  expenditure in good and servies?

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  • 1
    Purchase of a house
    Correct
    Wrong
  • 2
    Purchase of a machinery
    Correct
    Wrong
  • 3
    Expansion of the main plant of a company
    Correct
    Wrong
  • 4
    An increases in business inventories
    Correct
    Wrong
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Answer : 1. "Purchase of a house"

Q:

Where is the headquarters of International Organization for Standardization (ISO)?

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  • 1
    Dhaka
    Correct
    Wrong
  • 2
    Geneva
    Correct
    Wrong
  • 3
    New York
    Correct
    Wrong
  • 4
    London
    Correct
    Wrong
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Answer : 2. "Geneva"

Q:

The difference between Revenue Receipts plus Non-debt Capital Receipts (NDCR) and total expenditure is called ______.

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  • 1
    Revenue Deficit
    Correct
    Wrong
  • 2
    Fiscal Deficit
    Correct
    Wrong
  • 3
    Effective Revenue Deficit
    Correct
    Wrong
  • 4
    Primary Deficit
    Correct
    Wrong
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Answer : 2. "Fiscal Deficit"
Explanation :

1. The difference between the sum of revenue receipts and Non-Debt Capital Receipts (NDCR) and total expenditure is called fiscal deficit.

2. Fiscal deficit is an important indicator of the financial position of the government.

3. It shows how much difference there is between the current income and expenditure of the government.

4. Fiscal deficit can be influenced by many factors, including.

- Economic situation: During an economic recession, the government often increases the fiscal deficit to provide stimulus to the economy.

- Political pressure: Governments often run up fiscal deficits to raise funds for social programs.

- Military spending: Governments often run fiscal deficits to increase military spending.

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 of these is an Indian multinational company?

1337 0

  • 1
    Nokia
    Correct
    Wrong
  • 2
    Dabur
    Correct
    Wrong
  • 3
    Samsung
    Correct
    Wrong
  • 4
    None of these
    Correct
    Wrong
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Answer : 2. "Dabur"

Q:

Who has the absolute right to issue paper note currency in India?

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  • 1
    Urban Co-operative Bank
    Correct
    Wrong
  • 2
    Bank of India
    Correct
    Wrong
  • 3
    Finance Commission
    Correct
    Wrong
  • 4
    Reserve Bank
    Correct
    Wrong
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Answer : 4. "Reserve Bank"

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