Indian Economy Practice Question and Answer

Q:

Stagflation condition is?

1512 0

  • 1
    deadlock and recession
    Correct
    Wrong
  • 2
    stagnation and inflation
    Correct
    Wrong
  • 3
    deadlock and deflation
    Correct
    Wrong
  • 4
    none of these
    Correct
    Wrong
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Answer : 2. "stagnation and inflation"

Q:

India's position in the world in terms of bauxide resource is?

1508 0

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

Q:

Which of the following organization provides long term finance to industries?

1504 0

  • 1
    L.I.C
    Correct
    Wrong
  • 2
    G.I.C
    Correct
    Wrong
  • 3
    U.T.I
    Correct
    Wrong
  • 4
    All these
    Correct
    Wrong
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Answer : 4. "All these"

Q:

Rent is a cost paid for–

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  • 1
    Land
    Correct
    Wrong
  • 2
    Restaurant
    Correct
    Wrong
  • 3
    Building
    Correct
    Wrong
  • 4
    Factory
    Correct
    Wrong
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Answer : 1. "Land "
Explanation :

Explain: -Rent is a cost paid for land as wages and interest are paid  for labour and capital respectively.

Q:

The financial year in the Indian economy runs from ______.

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  • 1
    1 January to 31 May
    Correct
    Wrong
  • 2
    1 April to 30 June
    Correct
    Wrong
  • 3
    1 June to 31 March
    Correct
    Wrong
  • 4
    1 April to 31 March
    Correct
    Wrong
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Answer : 4. "1 April to 31 March"

Q:

Banks and other financial institutions in India are required to maintain a certain amount of liquid assets like cash, precious metals and other short term securities as a reserve all the time. In Banking World this is known as–

1495 0

  • 1
    PLR
    Correct
    Wrong
  • 2
    Fixed Asset
    Correct
    Wrong
  • 3
    SLR
    Correct
    Wrong
  • 4
    CRR
    Correct
    Wrong
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Answer : 4. "CRR "

Q:

The state which stands first in per capita income is

1491 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 state has the highest per capita income?

1488 0

  • 1
    Gujarat
    Correct
    Wrong
  • 2
    Maharashtra
    Correct
    Wrong
  • 3
    Goa
    Correct
    Wrong
  • 4
    Punjab
    Correct
    Wrong
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Answer : 3. "Goa"

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