Indian Economy Questions Practice Question and Answer

Q:

Purchasing Power Parity theory is related with 

1474 0

  • 1
    Wage rate
    Correct
    Wrong
  • 2
    Exchange rate
    Correct
    Wrong
  • 3
    Interest rate
    Correct
    Wrong
  • 4
    Bank rate
    Correct
    Wrong
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Answer : 2. "Exchange rate "

Q:

Which is the most essential function of an entrepreneur? 

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  • 1
    Marketing
    Correct
    Wrong
  • 2
    Risk bearing
    Correct
    Wrong
  • 3
    Supervision
    Correct
    Wrong
  • 4
    Management
    Correct
    Wrong
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Answer : 2. "Risk bearing "

Q:

Knowledge, technical skill, education etc. in economics, are regarded as 

2496 0

  • 1
    tangible physical capital
    Correct
    Wrong
  • 2
    working capital
    Correct
    Wrong
  • 3
    social-overhead capital
    Correct
    Wrong
  • 4
    human capital
    Correct
    Wrong
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Answer : 4. "human capital "

Q:

Excise duty on a commodity is payable with reference to its 

2322 1

  • 1
    production , transportation and sale
    Correct
    Wrong
  • 2
    production
    Correct
    Wrong
  • 3
    production and sale
    Correct
    Wrong
  • 4
    production and transportation
    Correct
    Wrong
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Answer : 2. "production "

Q:

Which of the following monetary policy instruments is used by the RBI to control inflation?

1029 0

  • 1
    Fiscal traction
    Correct
    Wrong
  • 2
    Austerity measures
    Correct
    Wrong
  • 3
    Repo rate
    Correct
    Wrong
  • 4
    Fiscal boost
    Correct
    Wrong
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Answer : 3. "Repo rate"

Q:

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

1549 0

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

Q:

Bank rate is the rate at which—

1423 0

  • 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:

When was the Bombay Stock Exchange established?

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  • 1
    1890 A.D.
    Correct
    Wrong
  • 2
    1865 A.D.
    Correct
    Wrong
  • 3
    1875 A.D.
    Correct
    Wrong
  • 4
    1881 A.D.
    Correct
    Wrong
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Answer : 3. "1875 A.D."

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