Indian Economy Practice Question and Answer

Q:

The National Mission for Saffron has been launched as a sub- scheme of which among the following programmes?

1222 0

  • 1
    National Food Security Mission
    Correct
    Wrong
  • 2
    National Cash Crop Programme
    Correct
    Wrong
  • 3
    National Horticulture Mission
    Correct
    Wrong
  • 4
    Rashtriya Krishi Vikas Yojana
    Correct
    Wrong
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Answer : 4. "Rashtriya Krishi Vikas Yojana"

Q:

In which year the right to service was imposed in Bihar?

1219 0

  • 1
    2011
    Correct
    Wrong
  • 2
    2012
    Correct
    Wrong
  • 3
    1980
    Correct
    Wrong
  • 4
    1999
    Correct
    Wrong
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Answer : 1. "2011"

Q:

IMF was established to meet which of the following objectives.

(i) Promoting International Monetary Cooperation

(ii) Expending International Trade

(iii) Lessening the inequlibrium in trade

(iv) Avoiding competitive exchange depreciations.

1214 0

  • 1
    i,ii,iii
    Correct
    Wrong
  • 2
    i, iii, iv
    Correct
    Wrong
  • 3
    ii, iv
    Correct
    Wrong
  • 4
    i, ii, iii, iv
    Correct
    Wrong
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Answer : 2. "i, iii, iv"
Explanation :

Explain: -IMF stands for international monetary fund. It publishes “World Economic outlook” every year, IMF is an organisation of 189 countries, working to faster global monetary co-orperation, secur. The International Monetary Fund (IMF) is an organization of 189 countries, working to foster global monetary cooperation, secure financial stability, facilitate international trade, promote high employment and sustainable economic growth, and reduce poverty around the world.

Q:

Which of the following is/are one of the United Nations Sustainable Development Goals?

(A) Zero Hunger

(B) Climate Action

(C) Life Below Water

(D) Quality Education

1211 0

  • 1
    A, B, C and D
    Correct
    Wrong
  • 2
    A and B
    Correct
    Wrong
  • 3
    B and C
    Correct
    Wrong
  • 4
    A, C and D
    Correct
    Wrong
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Answer : 1. "A, B, C and D"
Explanation :

All these are the main goals of the United Nations Sustainable Development Goals.

(A) Zero Hunger
 (B) Climate Action
 (C) Life Below Water
 (D) Quality Education

Major goals of the UN Sustainable Development Goals:

1. Poverty Eradication: End extreme poverty for all people everywhere by 2030.

2. End hunger: Ensure food security and improved nutrition for all by 2030 and promote sustainable agriculture.

3. Health and Well-Being: To promote healthy lives and well-being for people of all ages.

4. Education for all: To ensure inclusive and equitable quality education for all by 2030.

5. Gender equality: Achieving gender equality and promoting the empowerment of women and girls.

6. Clean water and sanitation: Ensuring safe and accessible clean water and sanitation services for all.

Q:

The Removal of prohibitions and hindrance by the government is called. 

1209 0

  • 1
    Globalisation
    Correct
    Wrong
  • 2
    Privatisation
    Correct
    Wrong
  • 3
    Liberalisation
    Correct
    Wrong
  • 4
    Bilateral understanding.
    Correct
    Wrong
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Answer : 3. "Liberalisation "

Q:

Which of the following produces invisible export?

1207 0

  • 1
    Traffic and Travel
    Correct
    Wrong
  • 2
    Jewelry
    Correct
    Wrong
  • 3
    Handloom
    Correct
    Wrong
  • 4
    fish
    Correct
    Wrong
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Answer : 1. "Traffic and Travel"

Q:

'Poot determines his own demand' - Whose statement is this?

1204 0

  • 1
    Adam Smith
    Correct
    Wrong
  • 2
    J. B. Se.
    Correct
    Wrong
  • 3
    Marshal
    Correct
    Wrong
  • 4
    Ricardo
    Correct
    Wrong
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Answer : 2. "J. B. Se."

Q:

What is the process of constantly increasing prices?

1200 0

  • 1
    Inflation
    Correct
    Wrong
  • 2
    over production
    Correct
    Wrong
  • 3
    Mandi
    Correct
    Wrong
  • 4
    None of these
    Correct
    Wrong
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Answer : 1. "Inflation"

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