Indian Economy Practice Question and Answer

Q:

National Institute of Agricultural Marketing is located at?

1050 0

  • 1
    Jaipur
    Correct
    Wrong
  • 2
    Hyderabad
    Correct
    Wrong
  • 3
    New Delhi
    Correct
    Wrong
  • 4
    none of these
    Correct
    Wrong
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Answer : 1. "Jaipur"

Q:

Whose Arthashastra was composed?

1045 0

  • 1
    Chandragupta
    Correct
    Wrong
  • 2
    Maurya Alexander
    Correct
    Wrong
  • 3
    Chanakya
    Correct
    Wrong
  • 4
    None of these
    Correct
    Wrong
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Answer : 3. "Chanakya"

Q:

What action is the teacher teaching his son?

1042 0

  • 1
    uneconomical
    Correct
    Wrong
  • 2
    Economic
    Correct
    Wrong
  • 3
    both
    Correct
    Wrong
  • 4
    None of these
    Correct
    Wrong
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Answer : 3. "both"

Q:

A ____________ occurs when a government's total expenditures exceed the revenue that it generates, excluding money from borrowings.

1034 0

  • 1
    Current Account Deficit
    Correct
    Wrong
  • 2
    Budgetary Deficit
    Correct
    Wrong
  • 3
    Revenue Deficit
    Correct
    Wrong
  • 4
    Fiscal Deficit
    Correct
    Wrong
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Answer : 4. "Fiscal Deficit"

Q:

The first bank to open its branch outside India in London in 1946

1026 0

  • 1
    Bank of India
    Correct
    Wrong
  • 2
    Canara Bank
    Correct
    Wrong
  • 3
    Imperial Bank of India
    Correct
    Wrong
  • 4
    Central Bank of India
    Correct
    Wrong
  • 5
    None of these
    Correct
    Wrong
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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:

Which curve shows the inverse relationship between unemployment and inflation rates?

1024 0

  • 1
    Phillips curve
    Correct
    Wrong
  • 2
    Indifference curve
    Correct
    Wrong
  • 3
    IS curve
    Correct
    Wrong
  • 4
    Supply curve
    Correct
    Wrong
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Answer : 1. "Phillips curve "

Q:

Which of the following monetary policy instruments is used by the RBI to control inflation?

1017 0

  • 1
    Fiscal traction
    Correct
    Wrong
  • 2
    Austerity measures
    Correct
    Wrong
  • 3
    Repo rate
    Correct
    Wrong
  • 4
    Fiscal boost
    Correct
    Wrong
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Answer : 3. "Repo rate"

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