Indian Economy Questions Practice Question and Answer
8 Q: The first bank to open its branch outside India in London in 1946
1053 061b7509c7a5b3510e9c5e7aa
61b7509c7a5b3510e9c5e7aa- 1Bank of Indiatrue
- 2Canara Bankfalse
- 3Imperial Bank of Indiafalse
- 4Central Bank of Indiafalse
- 5None of thesefalse
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Answer : 1. "Bank of India"
Explanation :
The first Indian bank to open a branch outside India was the Bank of India. It established its first overseas branch in London in 1946.
Q: A ____________ occurs when a government's total expenditures exceed the revenue that it generates, excluding money from borrowings.
1053 05f4cb7765e74bc4ee54ea1cb
5f4cb7765e74bc4ee54ea1cb- 1Current Account Deficitfalse
- 2Budgetary Deficitfalse
- 3Revenue Deficitfalse
- 4Fiscal Deficittrue
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Answer : 4. "Fiscal Deficit"
Q: What is the base year to calculate the National income in India?
1031 05ef433ca7c1ec61320b5d20d
5ef433ca7c1ec61320b5d20d- 12004-05false
- 22010-11false
- 32014-15false
- 42011-12true
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Answer : 4. "2011-12"
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: Which of the following monetary policy instruments is used by the RBI to control inflation?
1026 05f16b980cf79540a753942ee
5f16b980cf79540a753942ee- 1Fiscal tractionfalse
- 2Austerity measuresfalse
- 3Repo ratetrue
- 4Fiscal boostfalse
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Answer : 3. "Repo rate"
Q: Which of the following issued initial Public Offer no rins for Life Insurance?
1009 06087b30b9f98193d2de7a776
6087b30b9f98193d2de7a776- 1CRISILfalse
- 2SEBIfalse
- 3RBItrue
- 4IRDAfalse
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Answer : 3. "RBI"
Q: At present, what kind of unemployment problem remains a very serious problem in the country?
1001 05f62def583fe9a4cdd3adc98
5f62def583fe9a4cdd3adc98- 1Rural unemploymentfalse
- 2Urban unemploymentfalse
- 3Educated unemploymenttrue
- 4Open unemploymentfalse
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Answer : 3. "Educated unemployment "
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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