Indian Economy Practice Question and Answer
8 Q: Which method is used in calculating national income in India?
846 05f029be8ce72ee4f9c9c132b
5f029be8ce72ee4f9c9c132b- 1Origin calculation methodfalse
- 2Income Lawfalse
- 3both of the abovetrue
- 4None of thesefalse
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Answer : 3. "both of the above"
Q: Inflation in India is measured on which of the following indexes / indicators?
845 06023ed55e4d6c265698f905a
6023ed55e4d6c265698f905a- 1Gross Domestic Product (GDP)false
- 2Wholesale Price Index (WPI)true
- 3Cost of Living Index (CLI)false
- 4Consumer Price Index (CPI)false
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Answer : 2. "Wholesale Price Index (WPI)"
Q: NIFTY is a price index of which of the following stock market?
840 06088fe8806b39f63ea8ee953
6088fe8806b39f63ea8ee953- 1C.S.Efalse
- 2N.S.Etrue
- 3D.S.Efalse
- 4None of thesefalse
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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 06142e0f47bf581140ee4acd3
6142e0f47bf581140ee4acd3- 1Fiscal deficitfalse
- 2Revenue deficitfalse
- 3Budgetary deficittrue
- 4Current deficitfalse
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Answer : 3. "Budgetary deficit"
Q: India's first - ever national police museum will establish in which city?
834 0614487db7e5f4f439c3fc5f2
614487db7e5f4f439c3fc5f2- 1Nagpurfalse
- 2Kolkatafalse
- 3Chennaifalse
- 4Delhitrue
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Answer : 4. "Delhi "
Q: To which country does India export the largest amount of iron ore?
832 060d3186f1cefce3a61b26885
60d3186f1cefce3a61b26885- 1Japantrue
- 2Russiafalse
- 3U. K.false
- 4Germanyfalse
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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 0618234e0d1d2fd61946efb22
618234e0d1d2fd61946efb22- 1S Venkitaramanfalse
- 2G. Ambegaokarfalse
- 3Yeshwant M. Deosthaleetrue
- 4R S Gujralfalse
- 5S R Raofalse
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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?
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60a36e68d3afc7379b0c22e2- 1Wealth Taxtrue
- 2Excise duty on liquorfalse
- 3Sales Taxfalse
- 4Professional Taxfalse
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