Indian Economy Practice Question and Answer

Q:

Arthashastra by “Kautilya” is related with–

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  • 1
    Military Phase
    Correct
    Wrong
  • 2
    Political Reign
    Correct
    Wrong
  • 3
    Social Phase
    Correct
    Wrong
  • 4
    Economic Postulates
    Correct
    Wrong
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Answer : 2. "Political Reign"
Explanation :

Expl:- The Kautilya’s Arthasastra is related to political reign. Arthastra is an ancient Indian treatise on statecraft, economic Policy and Military strategy, written in sanskrit.

The Arthashastra is an ancient Indian treatise on statecraft, economic policy and military strategy, written in Sanskrit.

Q:

According to Kenz, the consumption function shows relation between. 

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  • 1
    Total Consumption and Total Population
    Correct
    Wrong
  • 2
    Total Consumption and Normal Price Rate
    Correct
    Wrong
  • 3
    Total Consumption and Total Income
    Correct
    Wrong
  • 4
    Total Consumption and Rate of Interest
    Correct
    Wrong
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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:

The capital of IMF is made up by the contribution of–

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  • 1
    Credit
    Correct
    Wrong
  • 2
    Deficit Financing
    Correct
    Wrong
  • 3
    Member Nations
    Correct
    Wrong
  • 4
    Borrowings
    Correct
    Wrong
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Answer : 3. "Member Nations "
Explanation :

Explain: -IMF was established on 27th Dec 1945 by Bretton Woods conference. It started working from 1st March, 1947. Every member nations gives 25% money in terms of gold or US dollars.

Q:

The tree-like structure of records in a database in- 

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  • 1
    Network Model
    Correct
    Wrong
  • 2
    Hierarchical Model
    Correct
    Wrong
  • 3
    Relational Model
    Correct
    Wrong
  • 4
    Multi-Dimenmoral Model
    Correct
    Wrong
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Answer : 2. "Hierarchical Model "

Q:

"National Clean Air Programme" launched in India.

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  • 1
    2002
    Correct
    Wrong
  • 2
    2019
    Correct
    Wrong
  • 3
    2017
    Correct
    Wrong
  • 4
    2016
    Correct
    Wrong
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Answer : 2. "2019"

Q:

What is the total stock of money in circulation among the public at a particular point of time called? 

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  • 1
    Money order
    Correct
    Wrong
  • 2
    Money supply
    Correct
    Wrong
  • 3
    Short money
    Correct
    Wrong
  • 4
    Money laundering
    Correct
    Wrong
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Answer : 2. "Money supply "

Q:

Who is a chairman of 15th Finance Commission of India?

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  • 1
    Nirmala Sitharaman
    Correct
    Wrong
  • 2
    Dr. Ashok Lahiri
    Correct
    Wrong
  • 3
    N. K. Singh
    Correct
    Wrong
  • 4
    Ajay Narayan
    Correct
    Wrong
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Answer : 3. "N. K. Singh "

Q:

Rural Employment Generation Programme (REGP) was launched in _____. 

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  • 1
    1995
    Correct
    Wrong
  • 2
    1990
    Correct
    Wrong
  • 3
    1999
    Correct
    Wrong
  • 4
    1992
    Correct
    Wrong
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Answer : 1. "1995 "

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