Indian Economy Practice Question and Answer

Q:

The first oil refinery in India was established

1123 0

  • 1
    Barauni
    Correct
    Wrong
  • 2
    Visakhapatnam
    Correct
    Wrong
  • 3
    Digboi
    Correct
    Wrong
  • 4
    Mumbai
    Correct
    Wrong
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Answer : 3. "Digboi"

Q:

Business comes under?

1122 0

  • 1
    Trade and Industry
    Correct
    Wrong
  • 2
    only trade
    Correct
    Wrong
  • 3
    Commerce and Industry
    Correct
    Wrong
  • 4
    trade, commerce and industry
    Correct
    Wrong
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Answer : 4. "trade, commerce and industry"

Q:

In which year fourteen major banks were nationalized in India?

1120 0

  • 1
    1967
    Correct
    Wrong
  • 2
    1968
    Correct
    Wrong
  • 3
    1969
    Correct
    Wrong
  • 4
    1971
    Correct
    Wrong
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Answer : 3. "1969 "

Q:

When was the Life Insurance Corporation of India established?

1120 0

  • 1
    1960
    Correct
    Wrong
  • 2
    1980
    Correct
    Wrong
  • 3
    1956
    Correct
    Wrong
  • 4
    1975
    Correct
    Wrong
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Answer : 3. "1956"

Q:

What is the rank of India in the world in terms of rice export?

1116 0

  • 1
    2nd
    Correct
    Wrong
  • 2
    3rd
    Correct
    Wrong
  • 3
    4th
    Correct
    Wrong
  • 4
    5th
    Correct
    Wrong
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Answer : 1. "2nd"

Q:

What is the difference between total expenditure and total receipts in the budget figures of the Government of India called?

1106 0

  • 1
    Fiscal deficit
    Correct
    Wrong
  • 2
    Revenue deficit
    Correct
    Wrong
  • 3
    Budgetary deficit
    Correct
    Wrong
  • 4
    Current deficit
    Correct
    Wrong
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Answer : 3. "Budgetary deficit"

Q:

The state which stands first in per capita income is

1104 0

  • 1
    Bihar
    Correct
    Wrong
  • 2
    Maharashtra
    Correct
    Wrong
  • 3
    Punjab
    Correct
    Wrong
  • 4
    Kerala
    Correct
    Wrong
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Answer : 2. "Maharashtra "

Q:

Which Bank has launched its Multi Option Payment Acceptance Device (MOPAD) for digital payments?

1102 1

  • 1
    PNB
    Correct
    Wrong
  • 2
    SBI
    Correct
    Wrong
  • 3
    HDFC
    Correct
    Wrong
  • 4
    Yes Bank
    Correct
    Wrong
  • 5
    ICICI
    Correct
    Wrong
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Answer : 2. "SBI"

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