Indian Economy Practice Question and Answer

Q:

What is the relationship between the value of money and the price level in an economy?

576 0

  • 1
    stable
    Correct
    Wrong
  • 2
    inverse
    Correct
    Wrong
  • 3
    Anulom
    Correct
    Wrong
  • 4
    none of these
    Correct
    Wrong
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Answer : 2. "inverse"

Q:

In which year NABARD was established?

853 0

  • 1
    1935
    Correct
    Wrong
  • 2
    1991
    Correct
    Wrong
  • 3
    1976
    Correct
    Wrong
  • 4
    1982
    Correct
    Wrong
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Answer : 4. "1982"

Q:

In which year was the first Regional Rural Bank established?

660 0

  • 1
    1947
    Correct
    Wrong
  • 2
    1975
    Correct
    Wrong
  • 3
    1950
    Correct
    Wrong
  • 4
    1995
    Correct
    Wrong
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Answer : 2. "1975"

Q:

In which year the new currency Euro was introduced?

764 0

  • 1
    1997
    Correct
    Wrong
  • 2
    1998
    Correct
    Wrong
  • 3
    1999
    Correct
    Wrong
  • 4
    2001
    Correct
    Wrong
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Answer : 3. "1999"

Q:

Which of the following is considered as the main determinant of real wages?

636 0

  • 1
    purchasing power of money
    Correct
    Wrong
  • 2
    Nature of work
    Correct
    Wrong
  • 3
    additional income
    Correct
    Wrong
  • 4
    none of these
    Correct
    Wrong
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Answer : 1. "purchasing power of money"

Q:

Which one of the following Indian banks is not a nationalized bank?

671 0

  • 1
    Dena Bank
    Correct
    Wrong
  • 2
    Federal Bank
    Correct
    Wrong
  • 3
    Corporation Bank
    Correct
    Wrong
  • 4
    Vijay Bank
    Correct
    Wrong
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Answer : 2. "Federal Bank"

Q:

Government takes way and means loan?

663 0

  • 1
    IDBI
    Correct
    Wrong
  • 2
    RBI
    Correct
    Wrong
  • 3
    SBI
    Correct
    Wrong
  • 4
    ICICI
    Correct
    Wrong
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Answer : 2. "RBI"

Q:

Who has the absolute right to issue paper note currency in India?

835 0

  • 1
    Urban Co-operative Bank
    Correct
    Wrong
  • 2
    Bank of India
    Correct
    Wrong
  • 3
    Finance Commission
    Correct
    Wrong
  • 4
    Reserve Bank
    Correct
    Wrong
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Answer : 4. "Reserve Bank"

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