Indian Economy Practice Question and Answer

Q:

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

1028 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"

Q:

India is ranked on the basis of ppp (Purchasing Power Parity)?

1009 0

  • 1
    4
    Correct
    Wrong
  • 2
    9
    Correct
    Wrong
  • 3
    7
    Correct
    Wrong
  • 4
    3
    Correct
    Wrong
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Answer : 4. "3"

Q:

Which of the following issued initial Public Offer no rins for Life Insurance?

1009 0

  • 1
    CRISIL
    Correct
    Wrong
  • 2
    SEBI
    Correct
    Wrong
  • 3
    RBI
    Correct
    Wrong
  • 4
    IRDA
    Correct
    Wrong
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Answer : 3. "RBI"

Q:

At present, what kind of unemployment problem remains a very serious problem in the country?

1003 0

  • 1
    Rural unemployment
    Correct
    Wrong
  • 2
    Urban unemployment
    Correct
    Wrong
  • 3
    Educated unemployment
    Correct
    Wrong
  • 4
    Open unemployment
    Correct
    Wrong
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Answer : 3. "Educated unemployment "

Q:

In which year was the Indian Unit Test established?

1003 0

  • 1
    1964
    Correct
    Wrong
  • 2
    1969
    Correct
    Wrong
  • 3
    1971
    Correct
    Wrong
  • 4
    1973
    Correct
    Wrong
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Answer : 1. "1964"

Q:

When was the National Nyadarshan established in the country?

1002 0

  • 1
    1955
    Correct
    Wrong
  • 2
    1965
    Correct
    Wrong
  • 3
    1950
    Correct
    Wrong
  • 4
    1952
    Correct
    Wrong
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Answer : 3. "1950"

Q:

Which of the following crops is more than all the countries of the world in India?

1000 0

  • 1
    Wheat
    Correct
    Wrong
  • 2
    Cotton
    Correct
    Wrong
  • 3
    Sugarcane
    Correct
    Wrong
  • 4
    Rice
    Correct
    Wrong
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Answer : 3. "Sugarcane"

Q:

Which of the following will cause property prices to fall?

998 0

  • 1
    More liquidity in the economy
    Correct
    Wrong
  • 2
    Reduction in reverse repo rate by RBI
    Correct
    Wrong
  • 3
    Increase in reverse repo rate by RBI
    Correct
    Wrong
  • 4
    Demand and Supply
    Correct
    Wrong
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Answer : 4. "Demand and Supply"
Explanation :

Demand and Supply: For any given area, demand in the real estate will always be inversely proportional to supply. If there is a decrease in supply, prices will obviously go up for the existing projects. With an overall increase in the number of unsold housing projects, prices will go down for each one of them.

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