Indian Economy Practice Question and Answer
8 Q: Who is the President of National Development Council?
1152 05f7d52a71e5cb657ce31ee53
5f7d52a71e5cb657ce31ee53- 1Prime Ministertrue
- 2Presidentfalse
- 3Governorfalse
- 4Vice Presidentfalse
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Answer : 1. "Prime Minister"
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: 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: Which of the following organization provides long term finance to industries?
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60d31640025df84f0791d095- 1L.I.Cfalse
- 2G.I.Cfalse
- 3U.T.Ifalse
- 4All thesetrue
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Answer : 4. "All these"
Q: In which year was The Reserve Bank of India was established?
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60b9f98a02ea6c40949f18c4- 11950false
- 21947false
- 31935true
- 41952false
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Answer : 3. "1935"
Q: Which two states of India are the leading producers of mineral oil?
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6037699f9d90e74af72bd5bc- 1Rajasthan and Gujaratfalse
- 2Maharashtra and Goafalse
- 3Orissa and Biharfalse
- 4Assam and Gujarattrue
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Answer : 4. "Assam and Gujarat"
Q: Which state of India has the highest percentage of poor?
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6052f13ea01bc44789ad1c50- 1Orissafalse
- 2Viharfalse
- 3Jharkhandtrue
- 4Chhattisgarhfalse
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Answer : 3. "Jharkhand"
Q: The difference between Revenue Receipts plus Non-debt Capital Receipts (NDCR) and total expenditure is called ______.
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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.