Indian Economy Practice Question and Answer
8 Q: Banks and other financial institutions in India are required to maintain a certain amount of liquid assets like cash, precious metals and other short term securities as a reserve all the time. In Banking World this is known as–
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601250b62a5c813e15774c12- 1PLRfalse
- 2Fixed Assetfalse
- 3SLRfalse
- 4CRRtrue
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Answer : 4. "CRR "
Q: In which year liberal industrial policy was adopted in India?
724 061139764e60c1d4cec26859c
61139764e60c1d4cec26859c- 11945false
- 21975false
- 31991true
- 41980false
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Answer : 3. "1991"
Q: What is the rank of India in coffee production in the world?
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61139a1db7b4a6411ff6d003- 14thfalse
- 25thfalse
- 36thtrue
- 47thfalse
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Answer : 3. "6th"
Q: According to law of supply, if everything is equal then an increase in price results in ________.
723 060c355e63ef9d27847d12d6e
60c355e63ef9d27847d12d6e- 1Decrease in quantity suppliedfalse
- 2Increase in quantity suppliedtrue
- 3Decrease in quantity demandedfalse
- 4Increase in quantity demandedfalse
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Answer : 2. "Increase in quantity supplied "
Q: __________ is not a loan category in MUDRA Scheme.
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61123f2f88e0566940a27f33- 1Shishufalse
- 2Kishorefalse
- 3Yuvatrue
- 4Tarunfalse
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Answer : 3. "Yuva"
Q: Which is one of the factors of subsistence used to measure the Poverty Line in India?
722 060b9f4b641fbe04381679f34
60b9f4b641fbe04381679f34- 1Equalityfalse
- 2Educationtrue
- 3Internetfalse
- 4Transportationfalse
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Answer : 2. "Education"
Q: Central bank of our country is
722 06266ce1de1e2a840c334873f
6266ce1de1e2a840c334873f- 1State Bank of Indiafalse
- 2Reserve Bank of Indiatrue
- 3Central Bank of Indiafalse
- 4Bank of Barodafalse
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Answer : 2. "Reserve Bank of India "
Explanation :
1. The central bank of our country is the Reserve Bank of India.
2. It is the supreme bank of India and determines the monetary policy of the country.
3. RBI was established on April 1, 1935 under the Reserve Bank of India Act, 1934.
Q: India's rank among coal producing countries is?
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611391dde60c1d4cec267649- 12ndfalse
- 23rdtrue
- 34thfalse
- 45thfalse
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