Indian Economy Practice Question and Answer
8 Q: In which year did the Government of India set up the first mutual fund by an Act of Parliament?
1316 064c399c196ae1f484204f7eb
64c399c196ae1f484204f7eb- 11979false
- 21982false
- 31963true
- 41971false
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Answer : 3. "1963"
Explanation :
1. The mutual fund industry in India began in 1963 with the formation of UTI by an Act of Parliament in 1963 and functioned under the regulatory and administrative control of the Reserve Bank of India (RBI).
2. Unit Trust of India (UTI) was established by an Act of Parliament in 1963.
3. UTI is the first mutual fund company established in India.
Q: Which of the following country is not included in the category of top-5 gold holder countries of the world?
1314 061b765e38fe2311103b0980e
61b765e38fe2311103b0980e- 1Chinatrue
- 2Americafalse
- 3Germanyfalse
- 4Italyfalse
- 5None of thesefalse
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Answer : 1. "China"
Q: In which account will the expenditure on the installation of new machinery be disbursed?
1313 05fb7b371e7381019a0b886e8
5fb7b371e7381019a0b886e8- 1Cash accountfalse
- 2Machinery Accounttrue
- 3Profit or lossfalse
- 4Installation expense accountfalse
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Answer : 2. "Machinery Account"
Q: How much of India's population is dependent on agricultural industry?
1312 05f7d4e1590b25c12b1ef7384
5f7d4e1590b25c12b1ef7384- 160%false
- 270%false
- 358.9%true
- 4Othersfalse
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Answer : 3. "58.9%"
Q: NIFTY is a price index of which of the following stock market?
1307 06088fe8806b39f63ea8ee953
6088fe8806b39f63ea8ee953- 1C.S.Efalse
- 2N.S.Etrue
- 3D.S.Efalse
- 4None of thesefalse
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Answer : 2. "N.S.E"
Q: In India, which of the following statements about the National Investment Fund is true?
Statements:
I. It was created in 2005.
II. 75% of its annual income was to be used for schemes promoting health, education and employment.
III. It was dissolved in 2018.
1305 064c3886c9e9013486a7a03bc
64c3886c9e9013486a7a03bcStatements:
I. It was created in 2005.
II. 75% of its annual income was to be used for schemes promoting health, education and employment.
III. It was dissolved in 2018.
- 1Only statement Ifalse
- 2Only statement IIfalse
- 3Only statements I and IIIfalse
- 4Only statements I and IItrue
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Answer : 4. "Only statements I and II"
Explanation :
All the statements about the National Investment Fund in India are true.
I. It was created in 2005.
II. 75% of its annual income was to be used for schemes promoting health, education and employment.
Q: Which of the following ministry has Launched Mobile Application “ Jan Dhan Darshak” as A Part of Financial Inclusion?
1305 062e3b4ff723ac56e88648649
62e3b4ff723ac56e88648649- 1Finance Ministrytrue
- 2Ministry of Consumer Affairs, Food and Public Distributionfalse
- 3Ministry of Human Resource Developmentfalse
- 4Ministry of Parliamentary Affairsfalse
- 5Ministry of Commerce and Industryfalse
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Answer : 1. "Finance Ministry"
Explanation :
Department of Financial Services (DFS), Ministry of Finance and National Informatics Centre (NIC) has jointly developed a mobile app called Jan Dhan Darshak as a part of financial inclusion (FI) initiative .
Q: Which district of Bihar has the highest per capita income?
1303 05f7d547d3c7d8710e0149433
5f7d547d3c7d8710e0149433- 1Nalandafalse
- 2Patnatrue
- 3Shivaharfalse
- 4Gayafalse
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