Indian Economy Practice Question and Answer

Q:

Which among the following is not true about the work of Human Resource and Development (HRD)–

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  • 1
    Caste – System
    Correct
    Wrong
  • 2
    Youth and Sport
    Correct
    Wrong
  • 3
    Education
    Correct
    Wrong
  • 4
    Child Development
    Correct
    Wrong
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Answer : 1. "Caste – System "

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:

Which among the following is not the investment of goods & services? 

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  • 1
    Cost of machinery
    Correct
    Wrong
  • 2
    Increase in cost of raw goods
    Correct
    Wrong
  • 3
    Increasing department of company
    Correct
    Wrong
  • 4
    Cost of buying a house.
    Correct
    Wrong
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Answer : 3. "Increasing department of company "
Explanation :

Explain: -Increasing the department of company is not the matter of investment on goods and services


Q:

When there is affect on economic activity of an specific country due to import and export, then such economy are called-

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  • 1
    Closed economy
    Correct
    Wrong
  • 2
    Open economy
    Correct
    Wrong
  • 3
    Agricultural economy
    Correct
    Wrong
  • 4
    Industrial economy
    Correct
    Wrong
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Answer : 2. "Open economy "
Explanation :

Explain: -When there is change in economy due to import and export, then such economy is called Open economy. India enacted Open economy in 1991.

Q:

In an economy “Development Stage” means- 

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  • 1
    Starting of steadily increasing economy
    Correct
    Wrong
  • 2
    Bad economy
    Correct
    Wrong
  • 3
    Economy is on the verge of destroying
    Correct
    Wrong
  • 4
    All tariff to be removed.
    Correct
    Wrong
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Answer : 1. "Starting of steadily increasing economy "

Q:

The Reserve Bank of India introduced a comprehensive regulatory framework for NBFC-MFI on __________.

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  • 1
    10 December 2015 
    Correct
    Wrong
  • 2
    2 December 2011 
    Correct
    Wrong
  • 3
    8 December 2013 
    Correct
    Wrong
  • 4
    5 December 2012
    Correct
    Wrong
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Answer : 2. "2 December 2011  "
Explanation :

1. The Reserve Bank of India introduced a comprehensive regulatory framework for NBFC-MFIs on 2 December 2011.

Q:

The Relationship between the rate of interest and consumption level was firstly estimated by–

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  • 1
    Amartya Sen
    Correct
    Wrong
  • 2
    Milton Freedman
    Correct
    Wrong
  • 3
    Irwing Fischer
    Correct
    Wrong
  • 4
    James Duezan Berry
    Correct
    Wrong
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Answer : 2. "Milton Freedman"

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