Indian Economy Practice Question and Answer
8 4 Q:
5efbfe670a52267797b6b43a 4 Q:
6113912ee60c1d4cec26748a 4 Q:
5dfca67c40c34473ac86cc32 4 Q:
5dc8e8e754f77a2c5d35c2a2 4 Answer : 4. "explicit and implicit costs."
4 Q:
5d7f1667e6db8b0af6526c72 4 Q:
5efbf937ea68613370d10c52 4 Q:
605c66a040a8e965941236f0 Answer : 3. "Reserve bank of India"
Q: Which region has the least contribution to India's national income?
2435 05efbfe670a52267797b6b43a
5efbfe670a52267797b6b43a- 1Primary Sectorfalse
- 2Secondary Sectortrue
- 3Tertiary sectorfalse
- 4None of thesefalse
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Answer : 2. "Secondary Sector"
Q: Which bank has formed Kisan Clubs to reach farmers easily?
2428 06113912ee60c1d4cec26748a
6113912ee60c1d4cec26748a- 1Reserve Bank of Indiafalse
- 2Bank of Indiafalse
- 3Regional Rural Bankstrue
- 4Allahabad Bankfalse
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Answer : 3. "Regional Rural Banks"
Q: Which of the statements is correct about India's national income?
2410 05dfca67c40c34473ac86cc32
5dfca67c40c34473ac86cc32- 1Percentage share of agriculture is higher than servicesfalse
- 2Percentage share of industry is higher than agriculturefalse
- 3Percentage share of services is higher than industryfalse
- 4Percentage share of services is higher than agriculture and industry put togethertrue
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Answer : 4. "Percentage share of services is higher than agriculture and industry put together "
Q: The Economic development depends on-
2410 05dc8e8e754f77a2c5d35c2a2
5dc8e8e754f77a2c5d35c2a2- 1Natural resourcesfalse
- 2Capital formationfalse
- 3Size of the marketfalse
- 4All of thesetrue
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Answer : 4. "All of these"
Q: To the economist, total cost includes 2281 05b5cc604e4d2b4197774b4c4
5b5cc604e4d2b4197774b4c4- 1neither implicit nor explicit costs.false
- 2implicit, but not explicit, costs.false
- 3explicit, but not implicit, cost.false
- 4explicit and implicit costs.true
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Answer : 4. "explicit and implicit costs."
Explanation :
Answer: D) explicit and implicit costs. Explanation:
Q: If Reserve Bank of India reduces the cash reserve ratio, it will :
2264 05d7f1667e6db8b0af6526c72
5d7f1667e6db8b0af6526c72- 1increase credit creationtrue
- 2decrease credit creationfalse
- 3have no impact on credit creationfalse
- 4have no definite impact on credit creationfalse
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Answer : 1. "increase credit creation"
Q: Committee related to industrial sickness?
2264 05efbf937ea68613370d10c52
5efbf937ea68613370d10c52- 1Goswami Committeefalse
- 2Tiwari Committeefalse
- 3Both of the abovetrue
- 4None of thesefalse
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Answer : 3. "Both of the above"
Q: Who decides the Repo rate in India?
2252 0605c66a040a8e965941236f0
605c66a040a8e965941236f0- 1Government of Indiafalse
- 2Ministry of Financefalse
- 3Reserve bank of Indiatrue
- 4None of thesefalse
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Answer : 3. "Reserve bank of India"
Explanation :
The repo rate is the rate at which the Reserve Bank of India borrows funds from commercial banks in the country. It is the rate at which commercial banks in India park their excess money with the Reserve Bank of India, usually for the short term.
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