Indian Economy Practice Question and Answer
8 Q: Rent is a cost paid for–
1022 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: In which country was the declaration of consumer rights?
1022 06037673e9792c13b28589f03
6037673e9792c13b28589f03- 1Chinafalse
- 2Japanfalse
- 3Englandfalse
- 4United Statestrue
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Answer : 4. "United States"
Q: National Insurance Awareness Day was observed on which day?
1019 061b1f27545c0db34860a8736
61b1f27545c0db34860a8736- 126 Junefalse
- 227 Junefalse
- 328 Junetrue
- 429 Junefalse
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Answer : 3. "28 June"
Q: Following region contributes most to India's GDP?
1015 06052f5074999e13f2a6bcec2
6052f5074999e13f2a6bcec2- 1Primary Sectorfalse
- 2Tertiary sectortrue
- 3Secondary sectorfalse
- 4None of thesefalse
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Answer : 2. "Tertiary sector"
Q: Which is the financial year from which disinvestment in public enterprises started?
1015 061139725f65c04691bf24b56
61139725f65c04691bf24b56- 11970-1971false
- 21991-1992true
- 31994-1995false
- 4none of thesefalse
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Answer : 2. "1991-1992"
Q: The Bombay Stock Exchange established was?
1012 06088fdf70ac1df7d9f7ff429
6088fdf70ac1df7d9f7ff429- 11890false
- 21865false
- 31875true
- 41881false
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Answer : 3. "1875 "
Q: To which of the following sectors of the economy do Basel III norms belong?
1005 064c23891d3a6d4481eec4b7f
64c23891d3a6d4481eec4b7f- 1Bankingtrue
- 2Capital marketfalse
- 3Automobilefalse
- 4Aviationfalse
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Answer : 1. "Banking"
Explanation :
1. The Basel norms are international banking rules to strengthen the international banking system.
2. It is in the form of an agreement by the Basel Committee on Banking Supervision which mainly focuses on the risks to banks and the financial system.
Q: Issues currency notes in India?
1005 06088f9a80ac1df7d9f7ff07b
6088f9a80ac1df7d9f7ff07b- 1Urban Co-operative Bankfalse
- 2Reserve Bank of Indiatrue
- 3Ministry of Financefalse
- 4Finance Secretaryfalse
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