Indian Economy Practice Question and Answer

Q:

Central bank of our country is 

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  • 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
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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:

In which year liberal industrial policy was adopted in India?

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  • 1
    1945
    Correct
    Wrong
  • 2
    1975
    Correct
    Wrong
  • 3
    1991
    Correct
    Wrong
  • 4
    1980
    Correct
    Wrong
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Answer : 3. "1991"

Q:

India's rank among coal producing countries is?

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  • 1
    2nd
    Correct
    Wrong
  • 2
    3rd
    Correct
    Wrong
  • 3
    4th
    Correct
    Wrong
  • 4
    5th
    Correct
    Wrong
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Answer : 2. "3rd"

Q:

__________ is not a loan category in MUDRA Scheme.

737 0

  • 1
    Shishu
    Correct
    Wrong
  • 2
    Kishore
    Correct
    Wrong
  • 3
    Yuva
    Correct
    Wrong
  • 4
    Tarun
    Correct
    Wrong
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Answer : 3. "Yuva"

Q:

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

736 0

  • 1
    4th
    Correct
    Wrong
  • 2
    5th
    Correct
    Wrong
  • 3
    6th
    Correct
    Wrong
  • 4
    7th
    Correct
    Wrong
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Answer : 3. "6th"

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–

735 0

  • 1
    PLR
    Correct
    Wrong
  • 2
    Fixed Asset
    Correct
    Wrong
  • 3
    SLR
    Correct
    Wrong
  • 4
    CRR
    Correct
    Wrong
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Answer : 4. "CRR "

Q:

The national income is divided by the per capita income?

734 0

  • 1
    Area of the country
    Correct
    Wrong
  • 2
    Total population of the country
    Correct
    Wrong
  • 3
    Quantity of capital used
    Correct
    Wrong
  • 4
    None of these
    Correct
    Wrong
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Answer : 2. "Total population of the country"

Q:

When was the Industrial Finance Corporation of India established?

734 0

  • 1
    1945
    Correct
    Wrong
  • 2
    1948
    Correct
    Wrong
  • 3
    1953
    Correct
    Wrong
  • 4
    1990
    Correct
    Wrong
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Answer : 2. "1948"

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