Indian Economy Practice Question and Answer

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–

724 0

  • 1
    PLR
    Correct
    Wrong
  • 2
    Fixed Asset
    Correct
    Wrong
  • 3
    SLR
    Correct
    Wrong
  • 4
    CRR
    Correct
    Wrong
  • Show AnswerHide Answer
  • Workspace

Answer : 4. "CRR "

Q:

In which year liberal industrial policy was adopted in India?

724 0

  • 1
    1945
    Correct
    Wrong
  • 2
    1975
    Correct
    Wrong
  • 3
    1991
    Correct
    Wrong
  • 4
    1980
    Correct
    Wrong
  • Show AnswerHide Answer
  • Workspace

Answer : 3. "1991"

Q:

What is the rank of India in coffee production in the world?

724 0

  • 1
    4th
    Correct
    Wrong
  • 2
    5th
    Correct
    Wrong
  • 3
    6th
    Correct
    Wrong
  • 4
    7th
    Correct
    Wrong
  • Show AnswerHide Answer
  • Workspace

Answer : 3. "6th"

Q:

According to law of supply, if everything is equal then an increase in price results in ________. 

723 0

  • 1
    Decrease in quantity supplied
    Correct
    Wrong
  • 2
    Increase in quantity supplied
    Correct
    Wrong
  • 3
    Decrease in quantity demanded
    Correct
    Wrong
  • 4
    Increase in quantity demanded
    Correct
    Wrong
  • Show AnswerHide Answer
  • Workspace

Answer : 2. "Increase in quantity supplied "

Q:

__________ is not a loan category in MUDRA Scheme.

722 0

  • 1
    Shishu
    Correct
    Wrong
  • 2
    Kishore
    Correct
    Wrong
  • 3
    Yuva
    Correct
    Wrong
  • 4
    Tarun
    Correct
    Wrong
  • Show AnswerHide Answer
  • Workspace

Answer : 3. "Yuva"

Q:

Which is one of the factors of subsistence used to measure the Poverty Line in India?

722 0

  • 1
    Equality
    Correct
    Wrong
  • 2
    Education
    Correct
    Wrong
  • 3
    Internet
    Correct
    Wrong
  • 4
    Transportation
    Correct
    Wrong
  • Show AnswerHide Answer
  • Workspace

Answer : 2. "Education"

Q:

Central bank of our country is 

722 0

  • 1
    State Bank of India
    Correct
    Wrong
  • 2
    Reserve Bank of India
    Correct
    Wrong
  • 3
    Central Bank of India
    Correct
    Wrong
  • 4
    Bank of Baroda
    Correct
    Wrong
  • Show AnswerHide Answer
  • Workspace

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?

720 0

  • 1
    2nd
    Correct
    Wrong
  • 2
    3rd
    Correct
    Wrong
  • 3
    4th
    Correct
    Wrong
  • 4
    5th
    Correct
    Wrong
  • Show AnswerHide Answer
  • Workspace

Answer : 2. "3rd"

      Report Error

    Please Enter Message
    Error Reported Successfully

      Report Error

    Please Enter Message
    Error Reported Successfully

      Report Error

    Please Enter Message
    Error Reported Successfully

      Report Error

    Please Enter Message
    Error Reported Successfully

      Report Error

    Please Enter Message
    Error Reported Successfully

      Report Error

    Please Enter Message
    Error Reported Successfully

      Report Error

    Please Enter Message
    Error Reported Successfully

      Report Error

    Please Enter Message
    Error Reported Successfully