Indian Economy Questions Practice Question and Answer
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605c66a040a8e965941236f0 Answer : 3. "Reserve bank of India"
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Q: Which of the following is a better measurement of Economic Development?
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5f4cd3bb82369c1d610e6f62- 1NNPtrue
- 2Per capita incomefalse
- 3GDPfalse
- 4Disposable incomefalse
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Answer : 1. "NNP "
Q: Unemployment that arises when there is a general downturn in business activity is known as
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5f48ce9ae7f09063e6307182- 1Structural unemploymentfalse
- 2Frictional unemploymentfalse
- 3Cyclical unemploymenttrue
- 4Disguised unemploymentfalse
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Answer : 3. "Cyclical unemployment "
Q: Purchasing Power Parity theory is related with
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5f35fd8aba71a36b207d5f27- 1Wage ratefalse
- 2Exchange ratetrue
- 3Interest ratefalse
- 4Bank ratefalse
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Answer : 2. "Exchange rate "
Q: What does the Lorenz Curve indicate?
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5f4cb8bf82369c1d610dc8b5- 1Relationship between the price of a certain commodity and its demandfalse
- 2Income distributiontrue
- 3Rate of employmentfalse
- 4Taxable income elasticityfalse
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Answer : 2. "Income distribution"
Q: Who decides the Repo rate in India?
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605c66a040a8e965941236f0- 1Government of Indiafalse
- 2Ministry of Financefalse
- 3Reserve bank of Indiatrue
- 4None of thesefalse
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Answer : 3. "Reserve bank of India"
Explanation :
The repo rate is the rate at which the Reserve Bank of India borrows funds from commercial banks in the country. It is the rate at which commercial banks in India park their excess money with the Reserve Bank of India, usually for the short term.
Q: Bank rate is the rate at which—
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5f0fe57510bdaa1158cd7178- 1A bank lends to the public.false
- 2RBI lends to the public.false
- 3RBI lends to commercial banks.true
- 4Government of India lends to other countries.false
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Answer : 3. "RBI lends to commercial banks."
Q: Which is the most essential function of an entrepreneur?
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5f3686867e854923fd22bbde- 1Marketingfalse
- 2Risk bearingtrue
- 3Supervisionfalse
- 4Managementfalse
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Answer : 2. "Risk bearing "
Q: By whom is the truck named Ashok Leyland produced?
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5f02a1c8ce72ee4f9c9c1782- 1Tatafalse
- 2Hindujatrue
- 3Birlafalse
- 4Godrejfalse
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Answer : 2. "Hinduja"
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