Indian Economy Practice Question and Answer

Q:

What is the Hindu growth rate related to?

918 0

  • 1
    Population
    Correct
    Wrong
  • 2
    Literacy
    Correct
    Wrong
  • 3
    per capita income
    Correct
    Wrong
  • 4
    National income
    Correct
    Wrong
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Answer : 4. "National income"

Q:

Rainbow revolution is related to?

908 0

  • 1
    Blue Revolution
    Correct
    Wrong
  • 2
    Green Revolution
    Correct
    Wrong
  • 3
    White Revolution
    Correct
    Wrong
  • 4
    all of these
    Correct
    Wrong
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Answer : 4. "all of these"

Q:

In which account will the expenditure on the installation of new machinery be disbursed?

908 0

  • 1
    Cash account
    Correct
    Wrong
  • 2
    Machinery Account
    Correct
    Wrong
  • 3
    Profit or loss
    Correct
    Wrong
  • 4
    Installation expense account
    Correct
    Wrong
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Answer : 2. "Machinery Account"

Q:

Who among the following formulates the monetary policy in India?

906 0

  • 1
    Finance Commission of India
    Correct
    Wrong
  • 2
    Reserve Bank of India
    Correct
    Wrong
  • 3
    NITI Aayog
    Correct
    Wrong
  • 4
    The Ministry of Statistics and Programme Implementation
    Correct
    Wrong
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Answer : 2. "Reserve Bank of India "

Q:

FEMA (Foreign Exchange Management Act) was finally implemented in the year_____.

905 0

  • 1
    1991
    Correct
    Wrong
  • 2
    1997
    Correct
    Wrong
  • 3
    2002
    Correct
    Wrong
  • 4
    2007
    Correct
    Wrong
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Answer : 3. "2002"
Explanation :

Foreign Exchange Management Act, 1999 (FEMA) came into force by an act of Parliament. It was enacted on 29 December 1999.

Q:

Which of the following is not investment  expenditure in good and servies?

904 0

  • 1
    Purchase of a house
    Correct
    Wrong
  • 2
    Purchase of a machinery
    Correct
    Wrong
  • 3
    Expansion of the main plant of a company
    Correct
    Wrong
  • 4
    An increases in business inventories
    Correct
    Wrong
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Answer : 1. "Purchase of a house"

Q:

The Micro, Small and Medium Enterprises Development Act was passed in the year ____.    

903 1

  • 1
    2002
    Correct
    Wrong
  • 2
    2006
    Correct
    Wrong
  • 3
    2004
    Correct
    Wrong
  • 4
    2008
    Correct
    Wrong
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Answer : 2. "2006"
Explanation :

Notification for enforcement of MSME Act, 2006, The Provisions of the Micro, Small and Medium Enterprises Development Act, 2006 (27 of 2006) shall come into force from 2nd October, 2006.

Q:

Which state is the largest producer of pepper in India?

901 0

  • 1
    Tamil Nadu
    Correct
    Wrong
  • 2
    Andhra Pradesh
    Correct
    Wrong
  • 3
    Kerala
    Correct
    Wrong
  • 4
    Meghalaya
    Correct
    Wrong
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Answer : 3. "Kerala"

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