Indian Economy Questions Practice Question and Answer
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Q: What is the accounting year period of Reserve Bank of India?
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5f62dfbd3366f3388362e954- 1April to Marchfalse
- 2July to Junetrue
- 3January to Decemberfalse
- 4August to Julyfalse
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Answer : 2. "July to June "
Q: At present, what kind of unemployment problem remains a very serious problem in the country?
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5f62def583fe9a4cdd3adc98- 1Rural unemploymentfalse
- 2Urban unemploymentfalse
- 3Educated unemploymenttrue
- 4Open unemploymentfalse
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Answer : 3. "Educated unemployment "
Q: Which of the following region contributes most to India's GDP?
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5f62de88d00d384a6bc04acd- 1primary sectorfalse
- 2Secondary sectorfalse
- 3Tertiary sectortrue
- 4None of thesefalse
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Answer : 3. "Tertiary sector "
Q: In Economics, buying an asset in one market and simultaneously selling an identical asset in another market at a higher price is termed as ____________.
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5f572bd6f13b91397f39d344- 1Depreciationfalse
- 2Mortgagefalse
- 3Devaluationfalse
- 4Arbitragetrue
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Answer : 4. "Arbitrage"
Q: Which curve shows the inverse relationship between unemployment and inflation rates?
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5f572460c1a5d57a18308e06- 1Phillips curvetrue
- 2Indifference curvefalse
- 3IS curvefalse
- 4Supply curvefalse
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Answer : 1. "Phillips curve "
Q: Process making of bricks by using soil comes under which sector of economic activity?
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5f571f8d79cfd646ddd3946d- 1Tertiary sectorfalse
- 2Primary sectorfalse
- 3Secondary sectortrue
- 4None of thesefalse
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Answer : 3. "Secondary sector"
Q: An area which supports the economy and export trade of a sea port is called its ______.
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5f571e37f13b91397f395f04- 1Trade landfalse
- 2Hinter landtrue
- 3Import landfalse
- 4Export landfalse
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Answer : 2. "Hinter land"
Q: Foreign currency which has a tendency of quick migration is called -
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5f4cd44482369c1d610e70bb- 1Gold currencyfalse
- 2Hot currencytrue
- 3Scarce currencyfalse
- 4Soft currencyfalse
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Answer : 2. "Hot currency "
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