Indian Economy Practice Question and Answer
8 Q: A foreign currency which has a tendency to migrate soon is called?
1155 06088f57706b39f63ea8edd1a
6088f57706b39f63ea8edd1a- 1soft currencyfalse
- 2Savarna Mudrafalse
- 3Hot moneytrue
- 4Rare currencyfalse
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Answer : 3. "Hot money"
Q: Central bank of our country is
1151 06266ce1de1e2a840c334873f
6266ce1de1e2a840c334873f- 1State Bank of Indiafalse
- 2Reserve Bank of Indiatrue
- 3Central Bank of Indiafalse
- 4Bank of Barodafalse
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Answer : 2. "Reserve Bank of India "
Explanation :
1. The central bank of our country is the Reserve Bank of India.
2. It is the supreme bank of India and determines the monetary policy of the country.
3. RBI was established on April 1, 1935 under the Reserve Bank of India Act, 1934.
Q: Following region contributes most to India's GDP?
1149 06052f5074999e13f2a6bcec2
6052f5074999e13f2a6bcec2- 1Primary Sectorfalse
- 2Tertiary sectortrue
- 3Secondary sectorfalse
- 4None of thesefalse
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Answer : 2. "Tertiary sector"
Q: The Bombay Stock Exchange established was?
1139 06088fdf70ac1df7d9f7ff429
6088fdf70ac1df7d9f7ff429- 11890false
- 21865false
- 31875true
- 41881false
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Answer : 3. "1875 "
Q: Rent is a cost paid for–
1138 06336e30b5c208a6bf71b48c9
6336e30b5c208a6bf71b48c9- 1Landtrue
- 2Restaurantfalse
- 3Buildingfalse
- 4Factoryfalse
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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: Which one of the following taxes is not a direct tax?
1136 06042035a5eea8b66535f2351
6042035a5eea8b66535f2351- 1Sales taxtrue
- 2Estate dutyfalse
- 3Gift taxfalse
- 4Wealth taxfalse
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Answer : 1. "Sales tax "
Q: According to law of supply, if everything is equal then an increase in price results in ________.
1135 060c355e63ef9d27847d12d6e
60c355e63ef9d27847d12d6e- 1Decrease in quantity suppliedfalse
- 2Increase in quantity suppliedtrue
- 3Decrease in quantity demandedfalse
- 4Increase in quantity demandedfalse
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Answer : 2. "Increase in quantity supplied "
Q: In which country was the declaration of consumer rights?
1134 06037673e9792c13b28589f03
6037673e9792c13b28589f03- 1Chinafalse
- 2Japanfalse
- 3Englandfalse
- 4United Statestrue
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