Indian Economy Practice Question and Answer

Q:

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

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  • 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:

Who is the body regulating stock exchanges in India?

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  • 1
    N.S.E
    Correct
    Wrong
  • 2
    S.E.B.I
    Correct
    Wrong
  • 3
    R.B.I.
    Correct
    Wrong
  • 4
    None of these
    Correct
    Wrong
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Answer : 2. "S.E.B.I"

Q:

Which of the following is not a state tax? 

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  • 1
    Wealth Tax
    Correct
    Wrong
  • 2
    Excise duty on liquor
    Correct
    Wrong
  • 3
    Sales Tax
    Correct
    Wrong
  • 4
    Professional Tax
    Correct
    Wrong
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Answer : 1. "Wealth Tax "

Q:

In which year fourteen major banks were nationalized in India?

1460 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:

Business comes under?

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  • 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:

Which district of Bihar has the highest per capita income?

1456 0

  • 1
    Nalanda
    Correct
    Wrong
  • 2
    Patna
    Correct
    Wrong
  • 3
    Shivahar
    Correct
    Wrong
  • 4
    Gaya
    Correct
    Wrong
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Answer : 2. "Patna"

Q:

How much of India's population is dependent on agricultural industry?

1454 0

  • 1
    60%
    Correct
    Wrong
  • 2
    70%
    Correct
    Wrong
  • 3
    58.9%
    Correct
    Wrong
  • 4
    Others
    Correct
    Wrong
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Answer : 3. "58.9%"

Q:

'Mumbai High' is related to?

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  • 1
    Steel
    Correct
    Wrong
  • 2
    Petroleum
    Correct
    Wrong
  • 3
    Tomb
    Correct
    Wrong
  • 4
    Jute
    Correct
    Wrong
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Answer : 2. "Petroleum"

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