Indian Economy Practice Question and Answer

Q:

PSW stands for

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  • 1
    Process status word
    Correct
    Wrong
  • 2
    Processor status word
    Correct
    Wrong
  • 3
    Program status word
    Correct
    Wrong
  • 4
    Primitive status word
    Correct
    Wrong
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Answer : 3. "Program status word"

Q:

The Cooperative Planning Committee was formed under whose leadership?

1141 0

  • 1
    R. G. Saraiya
    Correct
    Wrong
  • 2
    Meclagan
    Correct
    Wrong
  • 3
    Horesh
    Correct
    Wrong
  • 4
    Chelmsford
    Correct
    Wrong
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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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  • 1
    Depreciation
    Correct
    Wrong
  • 2
    Mortgage
    Correct
    Wrong
  • 3
    Devaluation
    Correct
    Wrong
  • 4
    Arbitrage
    Correct
    Wrong
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Answer : 4. "Arbitrage"

Q:

Which of the following is popular as plastic currency?

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  • 1
    A. Tm
    Correct
    Wrong
  • 2
    paper note
    Correct
    Wrong
  • 3
    Check
    Correct
    Wrong
  • 4
    Draft
    Correct
    Wrong
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Answer : 1. "A. Tm"

Q:

Which form of currency is more prevalent nowadays?

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  • 1
    Metallic money
    Correct
    Wrong
  • 2
    letter money
    Correct
    Wrong
  • 3
    Coins
    Correct
    Wrong
  • 4
    All of these
    Correct
    Wrong
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Answer : 2. "letter money"

Q:

In which year was the Industrial Reconstruction Bank of India established?

1133 0

  • 1
    1947
    Correct
    Wrong
  • 2
    1990
    Correct
    Wrong
  • 3
    1985
    Correct
    Wrong
  • 4
    1991
    Correct
    Wrong
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Answer : 3. "1985"

Q:

A discount given for the purpose of increasing sales is called-

1117 0

  • 1
    Commercial leave
    Correct
    Wrong
  • 2
    Cash discount
    Correct
    Wrong
  • 3
    Discount received
    Correct
    Wrong
  • 4
    None of these
    Correct
    Wrong
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Answer : 1. "Commercial leave"

Q:

Which among the following formulates fiscal policy? 

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  • 1
    RBI
    Correct
    Wrong
  • 2
    Finance Ministry
    Correct
    Wrong
  • 3
    SEBI
    Correct
    Wrong
  • 4
    Planning Commission
    Correct
    Wrong
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Answer : 1. "RBI "

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