Indian Economy Practice Question and Answer
8 Q: The Production of a commodity mostly through the natural process is an activity of–
1125 06336e2c193021d4ee41af39b
6336e2c193021d4ee41af39b- 1Primary Sectortrue
- 2Secondary Sectorfalse
- 3Tertiary Sectorfalse
- 4Technology Sectorfalse
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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
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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649a9bb91a612ce001f65700- 1A, B, C and Dtrue
- 2A and Bfalse
- 3B and Cfalse
- 4A, C and Dfalse
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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: 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.
1121 06336dec35c208a6bf71b12b9
6336dec35c208a6bf71b12b9- 1i,ii,iiifalse
- 2i, iii, ivtrue
- 3ii, ivfalse
- 4i, ii, iii, ivfalse
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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: Fiscal policy refers to–
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604204a852454a7005b1d4c2- 1Government borrowings from abroadfalse
- 2Sharing of its revenue by Central Government with Statesfalse
- 3Sale and purchase of securities by RBIfalse
- 4Government taxes, expenditure and borrowingstrue
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Answer : 4. "Government taxes, expenditure and borrowings"
Q: Which among the following is the quantitative method of credit control by the Central Bank?
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641179ee5bff3d098ddf40f7- 1Marginal requirementsfalse
- 2Credit rationingfalse
- 3Direct actionfalse
- 4Bank ratetrue
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Answer : 4. "Bank rate"
Q: Preparing butter and ghee for household consumption of own family is a part of –
1096 0632c4a3331300b7ce47331b0
632c4a3331300b7ce47331b0- 1Household investment productionfalse
- 2Industrial productionfalse
- 3Consumptionfalse
- 4Own Account Productiontrue
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Answer : 4. "Own Account Production"
Explanation :
Explain: -Preparing butter and ghee by a family for household consumption is a part of own account production.
Q: The state is the first state to issue a human development report?
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6052f066a37d522d6c186ebc- 1Keralafalse
- 2Rajasthanfalse
- 3U.P.false
- 4Madhya Pradeshtrue
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Answer : 4. "Madhya Pradesh"
Q: “World Bank” is also called as –
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6336dd562ff7535af6868279- 1International Bank for Reconstruction and developmenttrue
- 2International, rehabilation and development bankfalse
- 3International rehabilated and development bankfalse
- 4None of these.false
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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.

