Indian Economy Practice Question and Answer

Q:

Which Department of the Government of India launched ‘One Health’ pilot project in April 2022?

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  • 1
    Department of Consumer Affairs
    Correct
    Wrong
  • 2
    Department of Animal Husbandry and Dairying
    Correct
    Wrong
  • 3
    Department of Pharmaceuticals
    Correct
    Wrong
  • 4
    Department of Commerce
    Correct
    Wrong
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Answer : 2. "Department of Animal Husbandry and Dairying "

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:

In an economy “Development Stage” means- 

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    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:

According to whom second chamber is unnecessary & bad?

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  • 1
    Monkahour
    Correct
    Wrong
  • 2
    Bentham
    Correct
    Wrong
  • 3
    Seale
    Correct
    Wrong
  • 4
    Loosky
    Correct
    Wrong
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Answer : 2. "Bentham"

Q:

The ______ was nationalised in the year 1949.

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  • 1
    Union Bank of India
    Correct
    Wrong
  • 2
    Reserve Bank of India
    Correct
    Wrong
  • 3
    Central Bank of India
    Correct
    Wrong
  • 4
    Imperial Bank of India
    Correct
    Wrong
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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:

Which of the following is related to South-South debate?

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    Cooperation between developing countries
    Correct
    Wrong
  • 2
    Defence Organisation
    Correct
    Wrong
  • 3
    Sitting between developed & developing countries
    Correct
    Wrong
  • 4
    All of the above.
    Correct
    Wrong
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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.”

Q:

Which state of India has set up District Investment Promotion Agencies (DIPA)? 

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  • 1
    Karnataka
    Correct
    Wrong
  • 2
    Haryana
    Correct
    Wrong
  • 3
    Odisha
    Correct
    Wrong
  • 4
    West Bengal
    Correct
    Wrong
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Answer : 3. "Odisha "

Q:

If the interest rate is decreased in an economy, it will

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  • 1
    increase the investment expenditure in the economy
    Correct
    Wrong
  • 2
    increase the total savings in the economy
    Correct
    Wrong
  • 3
    increase the total savings in the economy
    Correct
    Wrong
  • 4
    decrease the consumption expenditure in the economy
    Correct
    Wrong
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Answer : 1. "increase the investment expenditure in the economy"

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