Indian Economy Practice Question and Answer

Q:

Which of the following banks got the top spot among the PSU banks in the digital transactions as per the report published by the Department of Financial Services?

879 0

  • 1
    State Bank of India
    Correct
    Wrong
  • 2
    Bank of India
    Correct
    Wrong
  • 3
    Punjab National Bank
    Correct
    Wrong
  • 4
    Bank of Baroda
    Correct
    Wrong
  • 5
    IDBI Bank
    Correct
    Wrong
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Answer : 3. "Punjab National Bank"
Explanation :

State Bank of India (SBI) and its associate banks and other commercial banks such as Central Bank of India, Bank of India, Punjab National Bank and various regional rural banks are some examples of public sector commercial banks.


Q:

Real national income denotes.

877 0

  • 1
    Per capital income
    Correct
    Wrong
  • 2
    National income at constant prices
    Correct
    Wrong
  • 3
    National income at current prices
    Correct
    Wrong
  • 4
    Net factor income
    Correct
    Wrong
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Answer : 2. "National income at constant prices"

Q:

In which year was The Reserve Bank of India was established?

876 0

  • 1
    1950
    Correct
    Wrong
  • 2
    1947
    Correct
    Wrong
  • 3
    1935
    Correct
    Wrong
  • 4
    1952
    Correct
    Wrong
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Answer : 3. "1935"

Q:

Petrocard for the sale of petroleum products is issued by which company?

872 0

  • 1
    H.P.C.L
    Correct
    Wrong
  • 2
    B.P.C.L
    Correct
    Wrong
  • 3
    L.O.C.L
    Correct
    Wrong
  • 4
    none of these
    Correct
    Wrong
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Answer : 2. "B.P.C.L"

Q:

What is the basic structure of an economy?

870 0

  • 1
    Agriculture
    Correct
    Wrong
  • 2
    industries
    Correct
    Wrong
  • 3
    Services
    Correct
    Wrong
  • 4
    three
    Correct
    Wrong
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Answer : 4. "three"

Q:

Who among the following promotes social justice?

870 0

  • 1
    Herald Laski
    Correct
    Wrong
  • 2
    John Keynes
    Correct
    Wrong
  • 3
    John Rowles
    Correct
    Wrong
  • 4
    All of the above
    Correct
    Wrong
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Answer : 3. "John Rowles "

Q:

Values of total goods and services produced in a country is its _____.

868 0

  • 1
    Gross Revenue Income
    Correct
    Wrong
  • 2
    Gross Domestic Product
    Correct
    Wrong
  • 3
    Total Goods Revenue
    Correct
    Wrong
  • 4
    Total Income
    Correct
    Wrong
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Answer : 2. "Gross Domestic Product "

Q:

In which year NABARD was established?

866 0

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

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