Indian Economy Practice Question and Answer

Q:

What is the relationship between the value of money and the price level in an economy?

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  • 1
    stable
    Correct
    Wrong
  • 2
    inverse
    Correct
    Wrong
  • 3
    Anulom
    Correct
    Wrong
  • 4
    none of these
    Correct
    Wrong
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Answer : 2. "inverse"

Q:

The interest in infrastructure is less because. 

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  • 1
    There is large invest in it
    Correct
    Wrong
  • 2
    There needs a desired project
    Correct
    Wrong
  • 3
    Time to finish the infrastructure is more
    Correct
    Wrong
  • 4
    Profit is gained after long time.
    Correct
    Wrong
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Answer : 4. "Profit is gained after long time."
Explanation :

Infrastructure refers to the basic physical and organizational structures, facilities, systems, and services that are necessary for the functioning of a society, economy, or organization. It encompasses a wide range of essential components, including

Q:

The state is the first state to issue a human development report?

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  • 1
    Kerala
    Correct
    Wrong
  • 2
    Rajasthan
    Correct
    Wrong
  • 3
    U.P.
    Correct
    Wrong
  • 4
    Madhya Pradesh
    Correct
    Wrong
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Answer : 4. "Madhya Pradesh"

Q:

Which of the following is not a function of currency?

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  • 1
    Measurement of value
    Correct
    Wrong
  • 2
    accumulation of value
    Correct
    Wrong
  • 3
    transfer of value
    Correct
    Wrong
  • 4
    stabilization of price
    Correct
    Wrong
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Answer : 4. "stabilization of price"

Q:

“World Bank” is also called as –

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  • 1
    International Bank for Reconstruction and development
    Correct
    Wrong
  • 2
    International, rehabilation and development bank
    Correct
    Wrong
  • 3
    International rehabilated and development bank
    Correct
    Wrong
  • 4
    None of these.
    Correct
    Wrong
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Answer : 1. "International Bank for Reconstruction and development"
Explanation :

The "World Bank" is also referred to as simply the "World Bank." While its full name is the "International Bank for Reconstruction and Development (IBRD)," the term "World Bank" is commonly used to refer to this international financial institution.

Q:

Who wrote the book 'Planned Economy for India'?

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  • 1
    M. Visvesvaraya
    Correct
    Wrong
  • 2
    Pt. Jawahar Lal Nehru
    Correct
    Wrong
  • 3
    Mahatma Gandhi
    Correct
    Wrong
  • 4
    Man Mohan Singh
    Correct
    Wrong
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Answer : 1. "M. Visvesvaraya "

Q:

Assume that the exchange rate between the US Dollar and the Indian Rupee is $1 = ₹55. Now if this exchange rate increases to $1 = ₹60, then in this situation the Indian Rupee has depreciated against the US Dollar.

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  • 1
    depreciated
    Correct
    Wrong
  • 2
    appreciated
    Correct
    Wrong
  • 3
    appreciated
    Correct
    Wrong
  • 4
    overvalued
    Correct
    Wrong
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Answer : 1. "depreciated"
Explanation :

मान लीजिए कि अमेरिकी डॉलर और भारतीय रुपये के बीच विनिमय दर $1= ₹55 है। अब यदि यह विनिमय दर बढ़कर $1 = ₹60 हो जाती है, तो इस स्थिति में अमेरिकी डॉलर की तुलना में भारतीय रुपये का _______ हुआ है।

Q:

In which year the concept of Multidimensional Poverty Index was introduced? 

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  • 1
    2010
    Correct
    Wrong
  • 2
    2011
    Correct
    Wrong
  • 3
    2000
    Correct
    Wrong
  • 4
    2008
    Correct
    Wrong
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Answer : 1. "2010"

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