Indian Economy Practice Question and Answer

Q:

Which Indian finance minister was India’s delegate to the World Monetary Conference at Bretton Woods in 1944?

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  • 1
    KC Neogy
    Correct
    Wrong
  • 2
    CD Deshmukh
    Correct
    Wrong
  • 3
    John Mathai
    Correct
    Wrong
  • 4
    RK Shanmukham Chetty
    Correct
    Wrong
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Answer : 4. "RK Shanmukham Chetty"
Explanation :

1. In the World Monetary Conference at Bretton Woods in 1944, R. Of. Shanmukham Chetty served as the Indian Finance Minister.

 2. Served as Speaker of the Central Legislative Assembly of India, and also as Dewan of Cochin State from 1935 to 1941.

Q:

As per Census 2011, under which of the following ranges does the literacy rate in India fall? 

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  • 1
    90% - 95%
    Correct
    Wrong
  • 2
    50% - 55%
    Correct
    Wrong
  • 3
    30% - 35%
    Correct
    Wrong
  • 4
    70% - 75%
    Correct
    Wrong
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Answer : 4. "70% - 75%"

Q:

Whose annual publication is the World Development Report?

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  • 1
    I.M.F.
    Correct
    Wrong
  • 2
    W.T.O.
    Correct
    Wrong
  • 3
    I.B.R.D
    Correct
    Wrong
  • 4
    None of these
    Correct
    Wrong
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Answer : 3. "I.B.R.D"

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

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  • 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:

In view of which of the following are cottage and small scale industries necessary in the Indian economy?

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  • 1
    employment generation
    Correct
    Wrong
  • 2
    Income Generation
    Correct
    Wrong
  • 3
    low cost
    Correct
    Wrong
  • 4
    none of these
    Correct
    Wrong
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Answer : 1. "employment generation"

Q:

National Insurance Awareness Day was observed on which day?

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  • 1
    26 June
    Correct
    Wrong
  • 2
    27 June
    Correct
    Wrong
  • 3
    28 June
    Correct
    Wrong
  • 4
    29 June
    Correct
    Wrong
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Answer : 3. "28 June"

Q:

The Worldwide great depression happens in which year-

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  • 1
    1936
    Correct
    Wrong
  • 2
    1929
    Correct
    Wrong
  • 3
    1928
    Correct
    Wrong
  • 4
    1930
    Correct
    Wrong
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Answer : 3. "1928 "
Explanation :

Explain: -The duration of great depression was different for different for different countries, but the starting of depresion was 1929-32. The unemployment of America increase by +607%. Similiarly in Germany by +214% & France by +214%.

Q:

The Production of a commodity mostly through the natural process is an activity of–

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  • 1
    Primary Sector
    Correct
    Wrong
  • 2
    Secondary Sector
    Correct
    Wrong
  • 3
    Tertiary Sector
    Correct
    Wrong
  • 4
    Technology Sector
    Correct
    Wrong
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Answer : 1. "Primary Sector "
Explanation :

Explain: -The Production of a commodity mostly through the natural process is an activity of primary sector. For Example:– agriculture an agricultural products, fertilizers, animal husbandry etc

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