Indian Economy Practice Question and Answer
8 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.
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.
897 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: "National Clean Air Programme" launched in India.
893 0634e531fe4e07e287e8d4a1e
634e531fe4e07e287e8d4a1e- 12002false
- 22019true
- 32017false
- 42016false
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Answer : 2. "2019"
Q: The tree-like structure of records in a database in-
892 0632c65971656651c9ea413ad
632c65971656651c9ea413ad- 1Network Modelfalse
- 2Hierarchical Modeltrue
- 3Relational Modelfalse
- 4Multi-Dimenmoral Modelfalse
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Answer : 2. "Hierarchical Model "
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.
892 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: 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
890 0649a9bb91a612ce001f65700
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: The Human Development Index is attributed to which economist?
890 06052f01ca37d522d6c186d89
6052f01ca37d522d6c186d89- 1Mehboob-ul-Haqtrue
- 2Amartya Senfalse
- 3Johnsonfalse
- 4None of thesefalse
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Answer : 1. "Mehboob-ul-Haq"
Q: The term “Micro Economics” and “Macro Economics” was coined by–
889 06336dfd32ff7535af6869591
6336dfd32ff7535af6869591- 1Alfred Marshalfalse
- 2Ragner Nurksefalse
- 3Ragner Frischtrue
- 4J.M. Keynesfalse
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Answer : 3. "Ragner Frisch "
Explanation :
Explain: -The difference between micro and macro economics is simple. Microeconomics is the study of economics at an individual, group or company level. Macroeconomics, on the other hand, is the study of a national economy as a whole. Microeconomics focuses on issues that affect individuals and companies

