Indian Economy Practice Question and Answer
8 Q: In which country was the declaration of consumer rights?
1342 06037673e9792c13b28589f03
6037673e9792c13b28589f03- 1Chinafalse
- 2Japanfalse
- 3Englandfalse
- 4United Statestrue
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Answer : 4. "United States"
Q: ‘Functional Finance’ is associated with–
1338 060124089af82aa3010a65a68
60124089af82aa3010a65a68- 1Abba ‘P’ Lernertrue
- 2Adolph Wognerfalse
- 3Adam Smithfalse
- 4Adamsfalse
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Answer : 1. "Abba ‘P’ Lerner "
Q: With which form of economy is the term ‘Laissez-Faire’ associated?
1328 06336e8442ff7535af686e2b5
6336e8442ff7535af686e2b5- 1Capitalist Economytrue
- 2Socialist Economyfalse
- 3Mixed Economyfalse
- 4Command Economyfalse
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Answer : 1. "Capitalist Economy"
Q: Which state has maximum production of large cardamom in India?
1327 060376a49cd43d04a8f4b7141
60376a49cd43d04a8f4b7141- 1Sikkimtrue
- 2Meghalayafalse
- 3Assamfalse
- 4Arunachal Pradeshfalse
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Answer : 1. "Sikkim"
Q: Which of the following is NOT a public sector insurance company?
1326 064c24509bd3d25480680f920
64c24509bd3d25480680f920- 1United India Insurance Company Limitedfalse
- 2The New India Assurance Company Limitedfalse
- 3SBI Life Insurancetrue
- 4General Insurance Corporation of Indiafalse
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Answer : 3. "SBI Life Insurance"
Explanation :
There are public sector insurance companies.
1. United India Insurance Company Limited
2. The New India Assurance Company Limited
3. General Insurance Corporation of India
Q: Which state has the highest per capita income?
1325 06052f2964999e13f2a6bb577
6052f2964999e13f2a6bb577- 1Gujaratfalse
- 2Maharashtrafalse
- 3Goatrue
- 4Punjabfalse
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Answer : 3. "Goa"
Q: To which of the following sectors of the economy do Basel III norms belong?
1320 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: Benefit from inflation?
1317 06088f883bdba7253ca28796e
6088f883bdba7253ca28796e- 1debtortrue
- 2Lenderfalse
- 3Saverfalse
- 4Pension Recipientsfalse
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