Indian Economy Practice Question and Answer
8 Q: To which of the following sectors of the economy do Basel III norms belong?
1426 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: As per the recommendations of the National Statistical Commission, the Base Year of the GDP Series in India was revised from 2004-05 to ______ with effect from January 2015.
1420 064c24f74d3a6d4481eec7f3c
64c24f74d3a6d4481eec7f3c- 12011-12true
- 22013-14false
- 32005-06false
- 42009-10false
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Answer : 1. "2011-12"
Explanation :
1. From January 2015, as per the recommendations of the National Statistical Commission, the GDP in India The base year of the (GDP) series was revised from 2004-05 to 2011-12.
Q: What do you understand by closed economy?
1416 06052f0aea01bc44789ad1a4b
6052f0aea01bc44789ad1a4b- 1Import offfalse
- 2Export stoppedfalse
- 3controlled capitalfalse
- 4Stop Import-Exporttrue
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Answer : 4. "Stop Import-Export"
Q: In which industry sector has India had more success?
1415 0603764a8cd43d04a8f4b676e
603764a8cd43d04a8f4b676e- 1Computer Hardwarefalse
- 2Computer Softwaretrue
- 3bothfalse
- 4None of thesefalse
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Answer : 2. "Computer Software"
Q: Which is the financial year from which disinvestment in public enterprises started?
1406 061139725f65c04691bf24b56
61139725f65c04691bf24b56- 11970-1971false
- 21991-1992true
- 31994-1995false
- 4none of thesefalse
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Answer : 2. "1991-1992"
Q: The basic characteristic of a capitalistic economy is–
1404 06042013672ea7a693838292c
6042013672ea7a693838292c- 1absence of monopolyfalse
- 2large-scale production in primary industriesfalse
- 3full employmentfalse
- 4the private ownership of the means of productiontrue
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Answer : 4. "the private ownership of the means of production"
Q: In which of the following years was the Reserve Bank of India nationalised?
1400 0644bde2a6842c5ce47ce8093
644bde2a6842c5ce47ce8093- 11935false
- 21949true
- 31927false
- 41965false
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Answer : 2. "1949"
Q: In which year the concept of Multidimensional Poverty Index was introduced?
1396 06411793d539cee0fcabda0e9
6411793d539cee0fcabda0e9- 12010true
- 22011false
- 32000false
- 42008false
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