Indian Economy Practice Question and Answer

Q:

Which of the following is a better measurement of Economic Development? 

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  • 1
    NNP
    Correct
    Wrong
  • 2
    Per capita income
    Correct
    Wrong
  • 3
    GDP
    Correct
    Wrong
  • 4
    Disposable income
    Correct
    Wrong
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Answer : 1. "NNP "

Q:

Which factor is mainly responsible for increase in demand of natural resources?

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  • 1
    Scientific advancement
    Correct
    Wrong
  • 2
    Use of biodegradable chemicals
    Correct
    Wrong
  • 3
    Increasing human population
    Correct
    Wrong
  • 4
    Environmental pollution
    Correct
    Wrong
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Answer : 3. "Increasing human population"
Explanation :

The correct answer is Increased human population. As the human population is increasing at an astounding rate, we have reached a number of 7.4 billion today. Naturally, this means that we are utilizing more and more natural resources.

Q:

By whom is the truck named Ashok Leyland produced?

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  • 1
    Tata
    Correct
    Wrong
  • 2
    Hinduja
    Correct
    Wrong
  • 3
    Birla
    Correct
    Wrong
  • 4
    Godrej
    Correct
    Wrong
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Answer : 2. "Hinduja"

Q:

India ranks first in the world in the production of which mineral?

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  • 1
    graphite
    Correct
    Wrong
  • 2
    Tungsten
    Correct
    Wrong
  • 3
    asbestos
    Correct
    Wrong
  • 4
    All these
    Correct
    Wrong
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Answer : 3. "asbestos"

Q:

What percentage of the total central employees are employed in Indian Railways?

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  • 1
    50 %
    Correct
    Wrong
  • 2
    40 %
    Correct
    Wrong
  • 3
    45 %
    Correct
    Wrong
  • 4
    35 %
    Correct
    Wrong
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Answer : 2. " 40 %"

Q:

Who was the Deputy Chairman of the first 'Planning Commission'?

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  • 1
    Jawaharlal Nehru
    Correct
    Wrong
  • 2
    Gulzari Lal Nanda
    Correct
    Wrong
  • 3
    R.R. K. Shanmukham Shetty
    Correct
    Wrong
  • 4
    Jagjivan Ram
    Correct
    Wrong
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Answer : 2. "Gulzari Lal Nanda"

Q:

Bank rate is the rate at which—

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  • 1
    A bank lends to the public.
    Correct
    Wrong
  • 2
    RBI lends to the public.
    Correct
    Wrong
  • 3
    RBI lends to commercial banks.
    Correct
    Wrong
  • 4
    Government of India lends to other countries.
    Correct
    Wrong
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Answer : 3. "RBI lends to commercial banks."

Q:

The first bank to open its branch outside India in London in 1946

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  • 1
    Bank of India
    Correct
    Wrong
  • 2
    Canara Bank
    Correct
    Wrong
  • 3
    Imperial Bank of India
    Correct
    Wrong
  • 4
    Central Bank of India
    Correct
    Wrong
  • 5
    None of these
    Correct
    Wrong
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Answer : 1. "Bank of India"
Explanation :

The first Indian bank to open a branch outside India was the Bank of India. It established its first overseas branch in London in 1946.

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