Indian Economy Practice Question and Answer
8 Q: The financial year in the Indian economy runs from ______.
1132 064107095b34a0b67fcdc5b97
64107095b34a0b67fcdc5b97- 11 January to 31 Mayfalse
- 21 April to 30 Junefalse
- 31 June to 31 Marchfalse
- 41 April to 31 Marchtrue
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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–
1131 0601250b62a5c813e15774c12
601250b62a5c813e15774c12- 1PLRfalse
- 2Fixed Assetfalse
- 3SLRfalse
- 4CRRtrue
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Answer : 4. "CRR "
Q: In which country was the consumer awareness movement started?
1127 0603766bf24cd273bc4f51115
603766bf24cd273bc4f51115- 1Chinafalse
- 2Japanfalse
- 3Englandtrue
- 4United Statesfalse
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Answer : 3. "England"
Q: In an economy, on what basis are sectors classified into public and private?
1127 06052f1d9a01bc44789ad1d80
6052f1d9a01bc44789ad1d80- 1Terms of employmentfalse
- 2Ownership of enterprisestrue
- 3Use of raw materialsfalse
- 4None of thesefalse
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Answer : 2. "Ownership of enterprises"
Q: India's rank among coal producing countries is?
1127 0611391dde60c1d4cec267649
611391dde60c1d4cec267649- 12ndfalse
- 23rdtrue
- 34thfalse
- 45thfalse
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Answer : 2. "3rd"
Q: To which of the following sectors of the economy do Basel III norms belong?
1122 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: The best Example of capital intensive industry in India is-
1119 0632c4aff1656651c9ea35b9e
632c4aff1656651c9ea35b9e- 1Textile industryfalse
- 2Steel industrytrue
- 3Tourism industryfalse
- 4Spare goods industry.false
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Answer : 2. "Steel industry "
Explanation :
Explain: -Intensive industry are those industries which need large amount of capital for investment.
Q: What is the name of the amount from which the business is started?
1119 05fb7b1ab874fcb1994ba6a1a
5fb7b1ab874fcb1994ba6a1a- 1Cashfalse
- 2Capitaltrue
- 3Propertyfalse
- 4None of thesefalse
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