Indian Economy Questions Practice Question and Answer

Q:

Which of the following issued initial Public Offer no rins for Life Insurance?

1009 0

  • 1
    CRISIL
    Correct
    Wrong
  • 2
    SEBI
    Correct
    Wrong
  • 3
    RBI
    Correct
    Wrong
  • 4
    IRDA
    Correct
    Wrong
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Answer : 3. "RBI"

Q:

Fiscal policy refers to–

653 0

  • 1
    Government borrowings from abroad
    Correct
    Wrong
  • 2
    Sharing of its revenue by Central Government with States
    Correct
    Wrong
  • 3
    Sale and purchase of securities by RBI
    Correct
    Wrong
  • 4
    Government taxes, expenditure and borrowings
    Correct
    Wrong
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Answer : 4. "Government taxes, expenditure and borrowings"

Q:

UNDP prepares–

923 0

  • 1
    Human Development Index
    Correct
    Wrong
  • 2
    Standard of Living Index
    Correct
    Wrong
  • 3
    Index Number of Price Level
    Correct
    Wrong
  • 4
    Physical Quality Index
    Correct
    Wrong
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Answer : 1. "Human Development Index"

Q:

Which one of the following taxes is not a direct tax?

716 0

  • 1
    Sales tax
    Correct
    Wrong
  • 2
    Estate duty
    Correct
    Wrong
  • 3
    Gift tax
    Correct
    Wrong
  • 4
    Wealth tax
    Correct
    Wrong
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Answer : 1. "Sales tax "

Q:

The basic characteristic of a capitalistic economy is–

692 0

  • 1
    absence of monopoly
    Correct
    Wrong
  • 2
    large-scale production in primary industries
    Correct
    Wrong
  • 3
    full employment
    Correct
    Wrong
  • 4
    the private ownership of the means of production
    Correct
    Wrong
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Answer : 4. "the private ownership of the means of production"

Q:

What is the percentage of the female population according to the 2011 census? 

809 0

  • 1
    42.53 %
    Correct
    Wrong
  • 2
    40.53 %
    Correct
    Wrong
  • 3
    48.53 %
    Correct
    Wrong
  • 4
    45.53 %
    Correct
    Wrong
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Answer : 3. "48.53 % "

Q:

Inflation in India is measured on which of the following indexes / indicators?

841 0

  • 1
    Gross Domestic Product (GDP)
    Correct
    Wrong
  • 2
    Wholesale Price Index (WPI)
    Correct
    Wrong
  • 3
    Cost of Living Index (CLI)
    Correct
    Wrong
  • 4
    Consumer Price Index (CPI)
    Correct
    Wrong
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Answer : 2. "Wholesale Price Index (WPI)"

Q:

Demand for labour is–

760 1

  • 1
    Composite demand
    Correct
    Wrong
  • 2
    Competitive demand
    Correct
    Wrong
  • 3
    Derived demand
    Correct
    Wrong
  • 4
    Joint demand
    Correct
    Wrong
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Answer : 3. "Derived demand "

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