Indian Economy Practice Question and Answer

Q:

Where is the headquarters of International Organization for Standardization (ISO)?

1484 0

  • 1
    Dhaka
    Correct
    Wrong
  • 2
    Geneva
    Correct
    Wrong
  • 3
    New York
    Correct
    Wrong
  • 4
    London
    Correct
    Wrong
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Answer : 2. "Geneva"

Q:

At present, what kind of unemployment problem remains a very serious problem in the country?

1478 0

  • 1
    Rural unemployment
    Correct
    Wrong
  • 2
    Urban unemployment
    Correct
    Wrong
  • 3
    Educated unemployment
    Correct
    Wrong
  • 4
    Open unemployment
    Correct
    Wrong
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Answer : 3. "Educated unemployment "

Q:

What are the different grounds for explaining economic development?

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  • 1
    Gross National Product
    Correct
    Wrong
  • 2
    per capita income
    Correct
    Wrong
  • 3
    Basis of economic welfare
    Correct
    Wrong
  • 4
    All of these
    Correct
    Wrong
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Answer : 4. "All of these"

Q:

Which one of the following items is in line with the definition of oligopoly?

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  • 1
    Cigarette Industry
    Correct
    Wrong
  • 2
    Barber Shop
    Correct
    Wrong
  • 3
    Gasoline Station
    Correct
    Wrong
  • 4
    Farmers who grow wheat
    Correct
    Wrong
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Answer : 1. "Cigarette Industry"

Q:

The Federal Reserve Bank is the central bank of which country?

1474 0

  • 1
    America
    Correct
    Wrong
  • 2
    Germany
    Correct
    Wrong
  • 3
    France
    Correct
    Wrong
  • 4
    Others
    Correct
    Wrong
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Answer : 1. "America"

Q:

Who gave priority to the Second Five Year Plan?

1473 0

  • 1
    Agriculture
    Correct
    Wrong
  • 2
    Services
    Correct
    Wrong
  • 3
    Heavy Industries
    Correct
    Wrong
  • 4
    Foreign Trade
    Correct
    Wrong
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Answer : 3. "Heavy Industries"

Q:

Who has the absolute right to issue paper note currency in India?

1473 0

  • 1
    Urban Co-operative Bank
    Correct
    Wrong
  • 2
    Bank of India
    Correct
    Wrong
  • 3
    Finance Commission
    Correct
    Wrong
  • 4
    Reserve Bank
    Correct
    Wrong
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Answer : 4. "Reserve Bank"

Q:

In which year the new currency Euro was introduced?

1471 0

  • 1
    1997
    Correct
    Wrong
  • 2
    1998
    Correct
    Wrong
  • 3
    1999
    Correct
    Wrong
  • 4
    2001
    Correct
    Wrong
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Answer : 3. "1999"

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