Indian Economy Practice Question and Answer
8 Q: Which among the following is the quantitative method of credit control by the Central Bank?
836 0641179ee5bff3d098ddf40f7
641179ee5bff3d098ddf40f7- 1Marginal requirementsfalse
- 2Credit rationingfalse
- 3Direct actionfalse
- 4Bank ratetrue
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Answer : 4. "Bank rate"
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.
829 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: Who is a chairman of 15th Finance Commission of India?
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6411768aa37bb1a5e180e3e2- 1Nirmala Sitharamanfalse
- 2Dr. Ashok Lahirifalse
- 3N. K. Singhtrue
- 4Ajay Narayanfalse
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Answer : 3. "N. K. Singh "
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: According to Kenz, the consumption function shows relation between.
820 0632c662e751e5310a5ca664f
632c662e751e5310a5ca664f- 1Total Consumption and Total Populationfalse
- 2Total Consumption and Normal Price Ratefalse
- 3Total Consumption and Total Incometrue
- 4Total Consumption and Rate of Interestfalse
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Answer : 3. "Total Consumption and Total Income"
Explanation :
Explain: -The Consumption function shows relation between Total Consumption and Total Income. It shows that consumption and income are inversely related
Q: What is the total stock of money in circulation among the public at a particular point of time called?
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642c0cf22b960e1a419654e3- 1Money orderfalse
- 2Money supplytrue
- 3Short moneyfalse
- 4Money launderingfalse
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Answer : 2. "Money supply "
Q: Preparing butter and ghee for household consumption of own family is a part of –
809 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: Which of the following is called the ‘father of white revolution’ in India?
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62bdd37425fd051a6561a9fb- 1Hargovind Khuranafalse
- 2V. Kurientrue
- 3M.S. Swaminathanfalse
- 4P.K. Sethifalse
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