Indian Economy Questions Practice Question and Answer

Q:

Which three indicators are used in the Human Development Index (HDI)?

I. Standard of living

II. Education

III. Life expectancy

IV. Condition of environment


2941 1

  • 1
    Only I, II & IV
    Correct
    Wrong
  • 2
    Only I, II, & III
    Correct
    Wrong
  • 3
    Only I & II
    Correct
    Wrong
  • 4
    All of the above
    Correct
    Wrong
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Answer : 2. "Only I, II, & III"

Q:

What is the tagline of UCO Bank?

2523 0

  • 1
    Where every individual is committed
    Correct
    Wrong
  • 2
    Faithful and Friendly
    Correct
    Wrong
  • 3
    Honors Your Trust
    Correct
    Wrong
  • 4
    Good people to bank with
    Correct
    Wrong
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Answer : 3. "Honors Your Trust"

Q: Which of the following activities are examples of data gathering? 3927 0

  • 1
    Counting the votes in an election to determine the next governor
    Correct
    Wrong
  • 2
    Making a pie chart showing the kinds of television sets owned by people in a sample of 1,000
    Correct
    Wrong
  • 3
    Finding the mean weight of cancer patients in a study
    Correct
    Wrong
  • 4
    Using the results of a mathematical model to predict the next day's weather
    Correct
    Wrong
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Answer : 1. "Counting the votes in an election to determine the next governor"
Explanation :

Answer: A) Counting the votes in an election to determine the next governor Explanation: Option A) "Counting the votes in an election to determine the next governor"  is the only one where data gathering is done.   In all other options, data is already collected and now analyzing of data is going on.

Q:

Short-term finance is usually for a period ranging up to

2909 1

  • 1
    5 months
    Correct
    Wrong
  • 2
    10 months
    Correct
    Wrong
  • 3
    12 months
    Correct
    Wrong
  • 4
    8 months
    Correct
    Wrong
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Answer : 3. "12 months "

Q:

In a cut motion, when the amount of demand is reduced by Rs 100/- , it is known as

1241 0

  • 1
    Disapproval of policy cut
    Correct
    Wrong
  • 2
    Economy cut
    Correct
    Wrong
  • 3
    Vote on Account
    Correct
    Wrong
  • 4
    Token cut
    Correct
    Wrong
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Answer : 4. "Token cut"

Q:

How many member is in the GST Council of India?

3004 0

  • 1
    33
    Correct
    Wrong
  • 2
    34
    Correct
    Wrong
  • 3
    36
    Correct
    Wrong
  • 4
    27
    Correct
    Wrong
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Answer : 1. "33"

Q:

Who is called the forerunner of liberalization of Indian economy?

2858 0

  • 1
    P. Chidambaram
    Correct
    Wrong
  • 2
    Amartya Sen
    Correct
    Wrong
  • 3
    Dr. Manmohan Singh
    Correct
    Wrong
  • 4
    None of these
    Correct
    Wrong
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Answer : 3. "Dr. Manmohan Singh"

Q:

In which year fourteen major banks were nationalized in India?

820 0

  • 1
    1967
    Correct
    Wrong
  • 2
    1968
    Correct
    Wrong
  • 3
    1969
    Correct
    Wrong
  • 4
    1971
    Correct
    Wrong
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Answer : 3. "1969 "

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