Indian Economy Questions Practice Question and Answer

Q:

Where is the Headquarter of NABARD?

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  • 1
    Delhi
    Correct
    Wrong
  • 2
    Kolkata
    Correct
    Wrong
  • 3
    Chandigarh
    Correct
    Wrong
  • 4
    Mumbai
    Correct
    Wrong
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Answer : 4. "Mumbai "

Q:

If the RBI adopts an expansionist open market operations policy, this means that it will

5669 1

  • 1
    buy securities from non-government holders
    Correct
    Wrong
  • 2
    sell securities in the open market
    Correct
    Wrong
  • 3
    offer commercial banks more credit in the open market
    Correct
    Wrong
  • 4
    openly announce to the market that it intends to expand credit
    Correct
    Wrong
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Answer : 3. " offer commercial banks more credit in the open market"

Q:

 Where is the headquarters of Bank of Baroda located?

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  • 1
    Pune
    Correct
    Wrong
  • 2
    Kolkata
    Correct
    Wrong
  • 3
    Vadodara
    Correct
    Wrong
  • 4
    Mumbai
    Correct
    Wrong
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Answer : 3. "Vadodara"

Q:

The process of curing inflation by reducing money supply is called 

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  • 1
    Cost - push inflation
    Correct
    Wrong
  • 2
    Demand - pull inflation
    Correct
    Wrong
  • 3
    Disinflation
    Correct
    Wrong
  • 4
    Reflation
    Correct
    Wrong
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Answer : 3. "Disinflation"

Q:

The gradation and standardization of agricultural products are conducted through

4822 2

  • 1
    Food Corporation of India
    Correct
    Wrong
  • 2
    Directorate of Marketing and Inspection
    Correct
    Wrong
  • 3
    Indian Standards Institution
    Correct
    Wrong
  • 4
    Central Statistical Organization
    Correct
    Wrong
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Answer : 2. "Directorate of Marketing and Inspection "

Q:

When the price of a commodity falls, we can expect:

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  • 1
    The supply of it to increase
    Correct
    Wrong
  • 2
    The demand for it to fall
    Correct
    Wrong
  • 3
    The demand for it to stay constant
    Correct
    Wrong
  • 4
    The demand for it to increase
    Correct
    Wrong
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Answer : 4. "The demand for it to increase"

Q:

This personality is known as the Father of Economics. Can you identify him from the given options?

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  • 1
    J.M. Keynes
    Correct
    Wrong
  • 2
    Adam Smith
    Correct
    Wrong
  • 3
    Abraham Maslow
    Correct
    Wrong
  • 4
    J.K. Galbraith
    Correct
    Wrong
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Answer : 2. "Adam Smith"

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.

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