Indian Economy Practice Question and Answer
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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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Answer : 2. "Machinery Account"
Q: The first oil refinery in India was established
1220 05f9fba0f33d1d86b9ab0fd44
5f9fba0f33d1d86b9ab0fd44- 1Baraunifalse
- 2Visakhapatnamfalse
- 3Digboitrue
- 4Mumbaifalse
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Answer : 3. "Digboi"
Q: The largest producer of wheat in India is the state?
1217 06142df3eca41d4144a0e1211
6142df3eca41d4144a0e1211- 1Madhya Pradeshfalse
- 2Haryanafalse
- 3Andhra Pradeshfalse
- 4Uttar Pradeshtrue
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Answer : 4. "Uttar Pradesh"
Q: India is ranked on the basis of GDP?
1216 05f7d4e943371cf6f4d4e3bac
5f7d4e943371cf6f4d4e3bac- 15false
- 23false
- 37true
- 413false
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Answer : 3. "7"
Q: Who is called the bank of banks in India?
1213 06088f96606b39f63ea8ee09d
6088f96606b39f63ea8ee09d- 1Reserve Bank of Indiatrue
- 2Bank of Indiafalse
- 3State Bank of Indiafalse
- 4All thesefalse
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Answer : 1. "Reserve Bank of India"
Q: When was the Life Insurance Corporation of India established?
1213 060d30d231cefce3a61b24615
60d30d231cefce3a61b24615- 11960false
- 21980false
- 31956true
- 41975false
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Answer : 3. "1956"
Q: What are the different grounds for explaining economic development?
1212 05f7d50d01e5cb657ce31e32b
5f7d50d01e5cb657ce31e32b- 1Gross National Productfalse
- 2per capita incomefalse
- 3Basis of economic welfarefalse
- 4All of thesetrue
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Answer : 4. "All of these"
Q: What is the difference between total expenditure and total receipts in the budget figures of the Government of India called?
1207 06142e0f47bf581140ee4acd3
6142e0f47bf581140ee4acd3- 1Fiscal deficitfalse
- 2Revenue deficitfalse
- 3Budgetary deficittrue
- 4Current deficitfalse
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Answer : 3. "Budgetary deficit"
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