Indian Economy Practice Question and Answer
8 Q: In which year was the first Regional Rural Bank established?
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60d3131764466567bd754f22- 11947false
- 21975true
- 31950false
- 41995false
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Answer : 2. "1975"
Q: Who is called the bank of banks in India?
664 06088f96606b39f63ea8ee09d
6088f96606b39f63ea8ee09d- 1Reserve Bank of Indiatrue
- 2Bank of Indiafalse
- 3State Bank of Indiafalse
- 4All thesefalse
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Answer : 1. "Reserve Bank of India"
Q: In which country was the consumer awareness movement started?
661 0603766bf24cd273bc4f51115
603766bf24cd273bc4f51115- 1Chinafalse
- 2Japanfalse
- 3Englandtrue
- 4United Statesfalse
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Answer : 3. "England"
Q: Who assesses the national income numbers in India?
660 06052f37c528a962d2e41a137
6052f37c528a962d2e41a137- 1Planning Commission Ministry of Financefalse
- 2Central Statistical Organizationtrue
- 3Reserve Bank of Indiafalse
- 4Reserve Bank of Indiafalse
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Answer : 2. "Central Statistical Organization"
Q: Which of the following is considered a capital expense?
658 064c3960f29beb3482a3bcc49
64c3960f29beb3482a3bcc49- 1Pensionfalse
- 2Payment of salariesfalse
- 3Subsidiesfalse
- 4Construction of school buildingstrue
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Answer : 4. "Construction of school buildings"
Explanation :
1. Capital expenditure is money spent by the government on the development of machinery, equipment, buildings, health facilities, education etc.
2. It also includes expenditure by the government on the acquisition of fixed assets like land and investments which give future profits or dividends.
3. Creation of assets as well as repayment of loans is also capital expenditure, as it reduces liability.
Q: Fiscal policy refers to–
658 0604204a852454a7005b1d4c2
604204a852454a7005b1d4c2- 1Government borrowings from abroadfalse
- 2Sharing of its revenue by Central Government with Statesfalse
- 3Sale and purchase of securities by RBIfalse
- 4Government taxes, expenditure and borrowingstrue
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Answer : 4. "Government taxes, expenditure and borrowings"
Q: With which form of economy is the term ‘Laissez-Faire’ associated?
655 06336e8442ff7535af686e2b5
6336e8442ff7535af686e2b5- 1Capitalist Economytrue
- 2Socialist Economyfalse
- 3Mixed Economyfalse
- 4Command Economyfalse
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Answer : 1. "Capitalist Economy"
Q: When was the Industrial and Financial Exchange Board established?
655 060d3159e1cefce3a61b2644d
60d3159e1cefce3a61b2644d- 11945false
- 21955false
- 31992true
- 41995false
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