Indian Economy Practice Question and Answer

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 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:

"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:

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:

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:

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

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  • 1
    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:

Internal profit–

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  • 1
    Happens when internal trade expands
    Correct
    Wrong
  • 2
    Happens when business expands
    Correct
    Wrong
  • 3
    Happens in economy when they increase
    Correct
    Wrong
  • 4
    Happens in firms when they expand their product
    Correct
    Wrong
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Answer : 4. "Happens in firms when they expand their product"
Explanation :

Explain: -Internal profit are made to firms when they expand their products. High level productivity, labour-division and modern equipments when used in better way, then internal profit is made. They are called as internal because firms increase their quality & quantity of production then only they gain internal profit.

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