Indian Economy Practice Question and Answer
8 Q: Inflation in India is measured on which of the following indexes / indicators?
1205 06023ed55e4d6c265698f905a
6023ed55e4d6c265698f905a- 1Gross Domestic Product (GDP)false
- 2Wholesale Price Index (WPI)true
- 3Cost of Living Index (CLI)false
- 4Consumer Price Index (CPI)false
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Answer : 2. "Wholesale Price Index (WPI)"
Q: How much of India's population is dependent on agricultural industry?
1205 05f7d4e1590b25c12b1ef7384
5f7d4e1590b25c12b1ef7384- 160%false
- 270%false
- 358.9%true
- 4Othersfalse
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Answer : 3. "58.9%"
Q: The difference between Revenue Receipts plus Non-debt Capital Receipts (NDCR) and total expenditure is called ______.
1203 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: In which year was The Reserve Bank of India was established?
1202 060b9f98a02ea6c40949f18c4
60b9f98a02ea6c40949f18c4- 11950false
- 21947false
- 31935true
- 41952false
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Answer : 3. "1935"
Q: NIFTY is a price index of which of the following stock market?
1199 06088fe8806b39f63ea8ee953
6088fe8806b39f63ea8ee953- 1C.S.Efalse
- 2N.S.Etrue
- 3D.S.Efalse
- 4None of thesefalse
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Answer : 2. "N.S.E"
Q: Which of these is an Indian multinational company?
1197 06037659fcd43d04a8f4b6905
6037659fcd43d04a8f4b6905- 1Nokiafalse
- 2Daburtrue
- 3Samsungfalse
- 4None of thesefalse
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Answer : 2. "Dabur"
Q: Which of the following region contributes most to India's GDP?
1194 05f62de88d00d384a6bc04acd
5f62de88d00d384a6bc04acd- 1primary sectorfalse
- 2Secondary sectorfalse
- 3Tertiary sectortrue
- 4None of thesefalse
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Answer : 3. "Tertiary sector "
Q: Which of the following organization provides long term finance to industries?
1188 060d31640025df84f0791d095
60d31640025df84f0791d095- 1L.I.Cfalse
- 2G.I.Cfalse
- 3U.T.Ifalse
- 4All thesetrue
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