Indian Economy Practice Question and Answer

Q:

“if other things remain the same” means

830 0

  • 1
    ignoring everything
    Correct
    Wrong
  • 2
    to include each component
    Correct
    Wrong
  • 3
    all other unchanging things
    Correct
    Wrong
  • 4
    every variable
    Correct
    Wrong
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Answer : 3. "all other unchanging things"

Q:

The first oil refinery in India was established

829 0

  • 1
    Barauni
    Correct
    Wrong
  • 2
    Visakhapatnam
    Correct
    Wrong
  • 3
    Digboi
    Correct
    Wrong
  • 4
    Mumbai
    Correct
    Wrong
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Answer : 3. "Digboi"

Q:

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

825 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:

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

822 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:

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

822 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:

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?

816 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:

In which country did the Industrial Revolution first take place?

816 0

  • 1
    England
    Correct
    Wrong
  • 2
    France
    Correct
    Wrong
  • 3
    Germany
    Correct
    Wrong
  • 4
    India
    Correct
    Wrong
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Answer : 1. "England"

Q:

Business comes under?

814 0

  • 1
    Trade and Industry
    Correct
    Wrong
  • 2
    only trade
    Correct
    Wrong
  • 3
    Commerce and Industry
    Correct
    Wrong
  • 4
    trade, commerce and industry
    Correct
    Wrong
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Answer : 4. "trade, commerce and industry"

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