Indian Economy Practice Question and Answer

Q:

__________ is not a loan category in MUDRA Scheme.

1429 0

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

Q:

Who is the President of National Development Council?

1428 0

  • 1
    Prime Minister
    Correct
    Wrong
  • 2
    President
    Correct
    Wrong
  • 3
    Governor
    Correct
    Wrong
  • 4
    Vice President
    Correct
    Wrong
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Answer : 1. "Prime Minister"

Q:

Which of these is an Indian multinational company?

1426 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:

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

1424 0

  • 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:

The largest producer of wheat in India is the state?

1423 0

  • 1
    Madhya Pradesh
    Correct
    Wrong
  • 2
    Haryana
    Correct
    Wrong
  • 3
    Andhra Pradesh
    Correct
    Wrong
  • 4
    Uttar Pradesh
    Correct
    Wrong
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Answer : 4. "Uttar Pradesh"

Q:

Who among the following promotes social justice?

1423 0

  • 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:

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

1421 0

  • 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:

Which Bank has launched its Multi Option Payment Acceptance Device (MOPAD) for digital payments?

1421 1

  • 1
    PNB
    Correct
    Wrong
  • 2
    SBI
    Correct
    Wrong
  • 3
    HDFC
    Correct
    Wrong
  • 4
    Yes Bank
    Correct
    Wrong
  • 5
    ICICI
    Correct
    Wrong
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Answer : 2. "SBI"

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