Indian Economy Practice Question and Answer
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Q: PSW stands for
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5f435c623688b83fde012fad- 1Process status wordfalse
- 2Processor status wordfalse
- 3Program status wordtrue
- 4Primitive status wordfalse
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Answer : 3. "Program status word"
Q: The Cooperative Planning Committee was formed under whose leadership?
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5fc2294f4f2f6c622bf4243e- 1R. G. Saraiyatrue
- 2Meclaganfalse
- 3Horeshfalse
- 4Chelmsfordfalse
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Answer : 1. "R. G. Saraiya"
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 of the following is popular as plastic currency?
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5fc2280b4f2f6c622bf41efb- 1A. Tmtrue
- 2paper notefalse
- 3Checkfalse
- 4Draftfalse
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Answer : 1. "A. Tm"
Q: Which form of currency is more prevalent nowadays?
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5fc2185096415e6951aee86b- 1Metallic moneyfalse
- 2letter moneytrue
- 3Coinsfalse
- 4All of thesefalse
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Answer : 2. "letter money"
Q: In which year was the Industrial Reconstruction Bank of India established?
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6088fc68bdba7253ca287eb5- 11947false
- 21990false
- 31985true
- 41991false
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Answer : 3. "1985"
Q: A discount given for the purpose of increasing sales is called-
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5fb7b2d0e7381019a0b88695- 1Commercial leavetrue
- 2Cash discountfalse
- 3Discount receivedfalse
- 4None of thesefalse
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Answer : 1. "Commercial leave"
Q: Which among the following formulates fiscal policy?
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5ec37a128463ff0219fff578- 1RBItrue
- 2Finance Ministryfalse
- 3SEBIfalse
- 4Planning Commissionfalse
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Answer : 1. "RBI "
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