Indian Economy Practice Question and Answer

Q:

In which of the following banks, a person cannot open his account?

947 0

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

Q:

Issues currency notes in India?

716 0

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

Q:

Who is called the bank of banks in India?

664 0

  • 1
    Reserve Bank of India
    Correct
    Wrong
  • 2
    Bank of India
    Correct
    Wrong
  • 3
    State Bank of India
    Correct
    Wrong
  • 4
    All these
    Correct
    Wrong
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Answer : 1. "Reserve Bank of India"

Q:

Benefit from inflation?

718 0

  • 1
    debtor
    Correct
    Wrong
  • 2
    Lender
    Correct
    Wrong
  • 3
    Saver
    Correct
    Wrong
  • 4
    Pension Recipients
    Correct
    Wrong
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Answer : 1. "debtor"

Q:

What is the process of constantly increasing prices?

675 0

  • 1
    Inflation
    Correct
    Wrong
  • 2
    over production
    Correct
    Wrong
  • 3
    Mandi
    Correct
    Wrong
  • 4
    None of these
    Correct
    Wrong
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Answer : 1. "Inflation"

Q:

Which of the following is not a function of currency?

612 0

  • 1
    Measurement of value
    Correct
    Wrong
  • 2
    accumulation of value
    Correct
    Wrong
  • 3
    transfer of value
    Correct
    Wrong
  • 4
    stabilization of price
    Correct
    Wrong
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Answer : 4. "stabilization of price"

Q:

A foreign currency which has a tendency to migrate soon is called?

728 0

  • 1
    soft currency
    Correct
    Wrong
  • 2
    Savarna Mudra
    Correct
    Wrong
  • 3
    Hot money
    Correct
    Wrong
  • 4
    Rare currency
    Correct
    Wrong
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Answer : 3. "Hot money"

Q:

Which of the following issued initial Public Offer no rins for Life Insurance?

1009 0

  • 1
    CRISIL
    Correct
    Wrong
  • 2
    SEBI
    Correct
    Wrong
  • 3
    RBI
    Correct
    Wrong
  • 4
    IRDA
    Correct
    Wrong
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Answer : 3. "RBI"

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