Indian Economy Practice Question and Answer
8 Q: The difference between Revenue Receipts plus Non-debt Capital Receipts (NDCR) and total expenditure is called ______.
1497 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: The oldest large industry of India is?
1494 0611392e6e60c1d4cec2678eb
611392e6e60c1d4cec2678eb- 1Cotton textile industrytrue
- 2Jute Industryfalse
- 3Paper Industryfalse
- 4Handicraft Industryfalse
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Answer : 1. "Cotton textile industry"
Q: What is the rank of India in coffee production in the world?
1493 061139a1db7b4a6411ff6d003
61139a1db7b4a6411ff6d003- 14thfalse
- 25thfalse
- 36thtrue
- 47thfalse
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Answer : 3. "6th"
Q: Which of the following region contributes most to India's GDP?
1491 05f62de88d00d384a6bc04acd
5f62de88d00d384a6bc04acd- 1primary sectorfalse
- 2Secondary sectorfalse
- 3Tertiary sectortrue
- 4None of thesefalse
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Answer : 3. "Tertiary sector "
Q: UNDP prepares–
1491 06042042252454a7005b1d42d
6042042252454a7005b1d42d- 1Human Development Indextrue
- 2Standard of Living Indexfalse
- 3Index Number of Price Levelfalse
- 4Physical Quality Indexfalse
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Answer : 1. "Human Development Index"
Q: What is the rank of India in the production of sugar in the world?
1488 061139371e60c1d4cec267b48
61139371e60c1d4cec267b48- 12ndtrue
- 23rdfalse
- 34thfalse
- 45thfalse
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Answer : 1. "2nd "
Q: When was the Industrial and Financial Exchange Board established?
1487 060d3159e1cefce3a61b2644d
60d3159e1cefce3a61b2644d- 11945false
- 21955false
- 31992true
- 41995false
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Answer : 3. "1992"
Q: Which of the following country is not included in the category of top-5 gold holder countries of the world?
1486 061b765e38fe2311103b0980e
61b765e38fe2311103b0980e- 1Chinatrue
- 2Americafalse
- 3Germanyfalse
- 4Italyfalse
- 5None of thesefalse
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