Indian Economy Practice Question and Answer

Q:

Which Indian state has the least literacy rate?

58574 61

  • 1
    Bihar
    Correct
    Wrong
  • 2
    Rajasthan
    Correct
    Wrong
  • 3
    Arunachal Pradesh
    Correct
    Wrong
  • 4
    Orissa
    Correct
    Wrong
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Answer : 1. "Bihar"

Q:

Where is the Headquarter of NABARD?

7648 0

  • 1
    Delhi
    Correct
    Wrong
  • 2
    Kolkata
    Correct
    Wrong
  • 3
    Chandigarh
    Correct
    Wrong
  • 4
    Mumbai
    Correct
    Wrong
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Answer : 4. "Mumbai "

Q:

Which of the following is not an example of direct tax?

5767 1

  • 1
    Income tax
    Correct
    Wrong
  • 2
    Property tax
    Correct
    Wrong
  • 3
    Gift tax
    Correct
    Wrong
  • 4
    Sales tax
    Correct
    Wrong
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Answer : 4. "Sales tax"

Q:

If the RBI adopts an expansionist open market operations policy, this means that it will

5669 1

  • 1
    buy securities from non-government holders
    Correct
    Wrong
  • 2
    sell securities in the open market
    Correct
    Wrong
  • 3
    offer commercial banks more credit in the open market
    Correct
    Wrong
  • 4
    openly announce to the market that it intends to expand credit
    Correct
    Wrong
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Answer : 3. " offer commercial banks more credit in the open market"

Q:

 Where is the headquarters of Bank of Baroda located?

5495 0

  • 1
    Pune
    Correct
    Wrong
  • 2
    Kolkata
    Correct
    Wrong
  • 3
    Vadodara
    Correct
    Wrong
  • 4
    Mumbai
    Correct
    Wrong
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Answer : 3. "Vadodara"

Q:

The process of curing inflation by reducing money supply is called 

5180 1

  • 1
    Cost - push inflation
    Correct
    Wrong
  • 2
    Demand - pull inflation
    Correct
    Wrong
  • 3
    Disinflation
    Correct
    Wrong
  • 4
    Reflation
    Correct
    Wrong
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Answer : 3. "Disinflation"

Q:

The gradation and standardization of agricultural products are conducted through

4821 2

  • 1
    Food Corporation of India
    Correct
    Wrong
  • 2
    Directorate of Marketing and Inspection
    Correct
    Wrong
  • 3
    Indian Standards Institution
    Correct
    Wrong
  • 4
    Central Statistical Organization
    Correct
    Wrong
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Answer : 2. "Directorate of Marketing and Inspection "

Q:

Which of the following is not included in the national income?

4786 0

  • 1
    win the lottery
    Correct
    Wrong
  • 2
    Government expenditure incurred on construction of new bridges
    Correct
    Wrong
  • 3
    Charged rent of houses in owner's possession
    Correct
    Wrong
  • 4
    None of these
    Correct
    Wrong
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Answer : 1. "win the lottery"

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