Indian Economy Practice Question and Answer
8 Q: Which among the following is not the investment of goods & services?
861 0632c49e7751e5310a5c99b21
632c49e7751e5310a5c99b21- 1Cost of machineryfalse
- 2Increase in cost of raw goodsfalse
- 3Increasing department of companytrue
- 4Cost of buying a house.false
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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: Who controls the credit generated by commercial banks?
848 063527284519847150da381bf
63527284519847150da381bf- 1Government of Indiafalse
- 2State Bank of Indiafalse
- 3Reserve Bank of Indiatrue
- 4Ministry of Financefalse
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Answer : 3. "Reserve Bank of India"
Q: Which Department of the Government of India launched ‘One Health’ pilot project in April 2022?
831 064106c2cdf653d9ac23ab2f8
64106c2cdf653d9ac23ab2f8- 1Department of Consumer Affairsfalse
- 2Department of Animal Husbandry and Dairyingtrue
- 3Department of Pharmaceuticalsfalse
- 4Department of Commercefalse
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Answer : 2. "Department of Animal Husbandry and Dairying "
Q: Which state of India has set up District Investment Promotion Agencies (DIPA)?
826 064243594b34a0b67fc110a3a
64243594b34a0b67fc110a3a- 1Karnatakafalse
- 2Haryanafalse
- 3Odishatrue
- 4West Bengalfalse
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Answer : 3. "Odisha "
Q: According to whom second chamber is unnecessary & bad?
821 06336e79f5c208a6bf71b6931
6336e79f5c208a6bf71b6931- 1Monkahourfalse
- 2Benthamtrue
- 3Sealefalse
- 4Looskyfalse
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Answer : 2. "Bentham"
Q: The ______ was nationalised in the year 1949.
819 064a2a3b7c7d7c7e067491fc8
64a2a3b7c7d7c7e067491fc8- 1Union Bank of Indiafalse
- 2Reserve Bank of Indiatrue
- 3Central Bank of Indiafalse
- 4Imperial Bank of Indiafalse
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Answer : 2. "Reserve Bank of India"
Explanation :
1. The Reserve Bank of India was nationalized on January 1, 1949.
2. Earlier, the Reserve Bank of India was a privately owned bank, established on April 1, 1935, in accordance with the provisions of the Reserve Bank of India Act, 1934.
2. After India's independence on 15 August 1947, RBI was nationalized on 1 January 1949.
4. After nationalization, the Reserve Bank of India came under the complete ownership of the Government of India.
Q: If the interest rate is decreased in an economy, it will
785 062ac7668f5480112e46ca0ae
62ac7668f5480112e46ca0ae- 1increase the investment expenditure in the economytrue
- 2increase the total savings in the economyfalse
- 3increase the total savings in the economyfalse
- 4decrease the consumption expenditure in the economyfalse
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Answer : 1. "increase the investment expenditure in the economy"
Q: Which of the following is related to South-South debate?
780 0650aa004761b44505ec9aa32
650aa004761b44505ec9aa32- 1Cooperation between developing countriestrue
- 2Defence Organisationfalse
- 3Sitting between developed & developing countriesfalse
- 4All of the above.false
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Answer : 1. "Cooperation between developing countries"
Explanation :
Explain: -South-South organization was held from 14-16 December 1978 in Tanzania. Its aim was to put focus for “new international economic view.”