Indian Economy Questions Practice Question and Answer
8 Q: Who among the following formulates the monetary policy in India?
906 060939266b8018e6486aedf6b
60939266b8018e6486aedf6b- 1Finance Commission of Indiafalse
- 2Reserve Bank of Indiatrue
- 3NITI Aayogfalse
- 4The Ministry of Statistics and Programme Implementationfalse
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Answer : 2. "Reserve Bank of India "
Q: FEMA (Foreign Exchange Management Act) was finally implemented in the year_____.
904 0611245fd88e0566940a2af54
611245fd88e0566940a2af54- 11991false
- 21997false
- 32002true
- 42007false
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Answer : 3. "2002"
Explanation :
Foreign Exchange Management Act, 1999 (FEMA) came into force by an act of Parliament. It was enacted on 29 December 1999.
Q: Which of the following is not investment expenditure in good and servies?
904 05f02a55d7a5a806340b11306
5f02a55d7a5a806340b11306- 1Purchase of a housetrue
- 2Purchase of a machineryfalse
- 3Expansion of the main plant of a companyfalse
- 4An increases in business inventoriesfalse
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Answer : 1. "Purchase of a house"
Q: The Micro, Small and Medium Enterprises Development Act was passed in the year ____.
902 15fe2e3034c864b4aa0e43f83
5fe2e3034c864b4aa0e43f83- 12002false
- 22006true
- 32004false
- 42008false
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Answer : 2. "2006"
Explanation :
Notification for enforcement of MSME Act, 2006, The Provisions of the Micro, Small and Medium Enterprises Development Act, 2006 (27 of 2006) shall come into force from 2nd October, 2006.
Q: Which of the following region contributes most to India's GDP?
889 05f62de88d00d384a6bc04acd
5f62de88d00d384a6bc04acd- 1primary sectorfalse
- 2Secondary sectorfalse
- 3Tertiary sectortrue
- 4None of thesefalse
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Answer : 3. "Tertiary sector "
Q: Where is the national center of organic Fertilizer production?
884 05fb37b2406649f682b8ffb28
5fb37b2406649f682b8ffb28- 1Hyderabadfalse
- 2Ghaziabadtrue
- 3Nellorefalse
- 4Dehradunfalse
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Answer : 2. "Ghaziabad"
Q: Which of the following banks got the top spot among the PSU banks in the digital transactions as per the report published by the Department of Financial Services?
878 061824f0ce9ec4a6710563d63
61824f0ce9ec4a6710563d63- 1State Bank of Indiafalse
- 2Bank of Indiafalse
- 3Punjab National Banktrue
- 4Bank of Barodafalse
- 5IDBI Bankfalse
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Answer : 3. "Punjab National Bank"
Explanation :
State Bank of India (SBI) and its associate banks and other commercial banks such as Central Bank of India, Bank of India, Punjab National Bank and various regional rural banks are some examples of public sector commercial banks.
Q: Real national income denotes.
877 05f435f2c97c6dd29b38e4c31
5f435f2c97c6dd29b38e4c31- 1Per capital incomefalse
- 2National income at constant pricestrue
- 3National income at current pricesfalse
- 4Net factor incomefalse
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