Indian Economy Practice Question and Answer
8 Q: Which of the following organization provides long term finance to industries?
1235 060d31640025df84f0791d095
60d31640025df84f0791d095- 1L.I.Cfalse
- 2G.I.Cfalse
- 3U.T.Ifalse
- 4All thesetrue
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Answer : 4. "All these"
Q: Which Bank has launched its Multi Option Payment Acceptance Device (MOPAD) for digital payments?
1231 16182342535a48953d117847b
6182342535a48953d117847b- 1PNBfalse
- 2SBItrue
- 3HDFCfalse
- 4Yes Bankfalse
- 5ICICIfalse
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Answer : 2. "SBI"
Q: Which district of Bihar has the highest per capita income?
1229 05f7d547d3c7d8710e0149433
5f7d547d3c7d8710e0149433- 1Nalandafalse
- 2Patnatrue
- 3Shivaharfalse
- 4Gayafalse
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Answer : 2. "Patna"
Q: Stagflation condition is?
1228 0611390eb88e0566940a6c9e5
611390eb88e0566940a6c9e5- 1deadlock and recessionfalse
- 2stagnation and inflationtrue
- 3deadlock and deflationfalse
- 4none of thesefalse
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Answer : 2. "stagnation and inflation"
Q: India's position in the world in terms of bauxide resource is?
1228 060d317ec1cefce3a61b2672a
60d317ec1cefce3a61b2672a- 13rdfalse
- 22ndfalse
- 34thfalse
- 45thtrue
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Answer : 4. "5th"
Q: The state which stands first in per capita income is
1227 06144875a7e5f4f439c3fc46c
6144875a7e5f4f439c3fc46c- 1Biharfalse
- 2Maharashtratrue
- 3Punjabfalse
- 4Keralafalse
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Answer : 2. "Maharashtra "
Q: In which year did the Government of India set up the first mutual fund by an Act of Parliament?
1224 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: In which account will the expenditure on the installation of new machinery be disbursed?
1222 05fb7b371e7381019a0b886e8
5fb7b371e7381019a0b886e8- 1Cash accountfalse
- 2Machinery Accounttrue
- 3Profit or lossfalse
- 4Installation expense accountfalse
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