Indian Economy Practice Question and Answer

Q:

Which method is used in calculating national income in India?

846 0

  • 1
    Origin calculation method
    Correct
    Wrong
  • 2
    Income Law
    Correct
    Wrong
  • 3
    both of the above
    Correct
    Wrong
  • 4
    None of these
    Correct
    Wrong
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Answer : 3. "both of the above"

Q:

Inflation in India is measured on which of the following indexes / indicators?

845 0

  • 1
    Gross Domestic Product (GDP)
    Correct
    Wrong
  • 2
    Wholesale Price Index (WPI)
    Correct
    Wrong
  • 3
    Cost of Living Index (CLI)
    Correct
    Wrong
  • 4
    Consumer Price Index (CPI)
    Correct
    Wrong
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Answer : 2. "Wholesale Price Index (WPI)"

Q:

NIFTY is a price index of which of the following stock market?

840 0

  • 1
    C.S.E
    Correct
    Wrong
  • 2
    N.S.E
    Correct
    Wrong
  • 3
    D.S.E
    Correct
    Wrong
  • 4
    None of these
    Correct
    Wrong
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Answer : 2. "N.S.E"

Q:

What is the difference between total expenditure and total receipts in the budget figures of the Government of India called?

836 0

  • 1
    Fiscal deficit
    Correct
    Wrong
  • 2
    Revenue deficit
    Correct
    Wrong
  • 3
    Budgetary deficit
    Correct
    Wrong
  • 4
    Current deficit
    Correct
    Wrong
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Answer : 3. "Budgetary deficit"

Q:

India's first - ever national police museum will establish in which city?

834 0

  • 1
    Nagpur
    Correct
    Wrong
  • 2
    Kolkata
    Correct
    Wrong
  • 3
    Chennai
    Correct
    Wrong
  • 4
    Delhi
    Correct
    Wrong
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Answer : 4. "Delhi "

Q:

To which country does India export the largest amount of iron ore?

832 0

  • 1
    Japan
    Correct
    Wrong
  • 2
    Russia
    Correct
    Wrong
  • 3
    U. K.
    Correct
    Wrong
  • 4
    Germany
    Correct
    Wrong
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Answer : 1. "Japan"

Q:

Who among the following is associated as a head with the Highlevel Task Force on Public Credit Registry (PCR) formed by the Reserve Bank of India?

831 0

  • 1
    S Venkitaraman
    Correct
    Wrong
  • 2
    G. Ambegaokar
    Correct
    Wrong
  • 3
    Yeshwant M. Deosthalee
    Correct
    Wrong
  • 4
    R S Gujral
    Correct
    Wrong
  • 5
    S R Rao
    Correct
    Wrong
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Answer : 3. "Yeshwant M. Deosthalee"
Explanation :

High Level Task Force Report Summary Public Credit Registry for India. The Reserve Bank of India (RBI) had constituted a High Level Task Force (Chair: Mr. Y. M. Deosthalee) to assess the need and scope of setting up a Public Credit Registry in India.

Q:

Which of the following is not a state tax? 

829 0

  • 1
    Wealth Tax
    Correct
    Wrong
  • 2
    Excise duty on liquor
    Correct
    Wrong
  • 3
    Sales Tax
    Correct
    Wrong
  • 4
    Professional Tax
    Correct
    Wrong
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Answer : 1. "Wealth Tax "

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