Indian Economy Practice Question and Answer
8 Q: When is National Consumer Day celebrated in India?
1346 0603768969792c13b2858a0d7
603768969792c13b2858a0d7- 124 Decembertrue
- 21 Marchfalse
- 310 Aprilfalse
- 410 Decemberfalse
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Answer : 1. "24 December"
Q: Where is the national center of organic Fertilizer production?
1346 05fb37b2406649f682b8ffb28
5fb37b2406649f682b8ffb28- 1Hyderabadfalse
- 2Ghaziabadtrue
- 3Nellorefalse
- 4Dehradunfalse
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Answer : 2. "Ghaziabad"
Q: Which of the following is not investment expenditure in good and servies?
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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: Where is the headquarters of International Organization for Standardization (ISO)?
1342 0603767ce24cd273bc4f512c8
603767ce24cd273bc4f512c8- 1Dhakafalse
- 2Genevatrue
- 3New Yorkfalse
- 4Londonfalse
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Answer : 2. "Geneva"
Q: The difference between Revenue Receipts plus Non-debt Capital Receipts (NDCR) and total expenditure is called ______.
1342 064bfc92123047f4c71e1cb68
64bfc92123047f4c71e1cb68- 1Revenue Deficitfalse
- 2Fiscal Deficittrue
- 3Effective Revenue Deficitfalse
- 4Primary Deficitfalse
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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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6336e7f12ff7535af686e294- 1Herald Laskifalse
- 2John Keynesfalse
- 3John Rowlestrue
- 4All of the abovefalse
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Answer : 3. "John Rowles "
Q: Which of these is an Indian multinational company?
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6037659fcd43d04a8f4b6905- 1Nokiafalse
- 2Daburtrue
- 3Samsungfalse
- 4None of thesefalse
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Answer : 2. "Dabur"
Q: Who has the absolute right to issue paper note currency in India?
1337 060d30d9f64466567bd753e58
60d30d9f64466567bd753e58- 1Urban Co-operative Bankfalse
- 2Bank of Indiafalse
- 3Finance Commissionfalse
- 4Reserve Banktrue
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