Indian Economy Practice Question and Answer
8 4 Q:
650ace4f7cef9d5024532e82 Answer : 1. "Excess socialistic approach in society"
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Q: Socialism is successful in achieving because of–
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650ace4f7cef9d5024532e82- 1Excess socialistic approach in societytrue
- 2To increase standard of livingfalse
- 3Equal distribution of incomefalse
- 4None of the abovefalse
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Answer : 1. "Excess socialistic approach in society"
Explanation :
Explain: -Making social welfare is the success of socialism
Q: In which country was the consumer awareness movement started?
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603766bf24cd273bc4f51115- 1Chinafalse
- 2Japanfalse
- 3Englandtrue
- 4United Statesfalse
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Answer : 3. "England"
Q: Who is called the bank of banks in India?
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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: Who assesses the national income numbers in India?
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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: Fiscal policy refers to–
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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: When was the Industrial and Financial Exchange Board established?
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60d3159e1cefce3a61b2644d- 11945false
- 21955false
- 31992true
- 41995false
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Answer : 3. "1992"
Q: With which form of economy is the term ‘Laissez-Faire’ associated?
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6336e8442ff7535af686e2b5- 1Capitalist Economytrue
- 2Socialist Economyfalse
- 3Mixed Economyfalse
- 4Command Economyfalse
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Answer : 1. "Capitalist Economy"
Q: Which of the following is considered as the main determinant of real wages?
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60d3127f1cefce3a61b2567b- 1purchasing power of moneytrue
- 2Nature of workfalse
- 3additional incomefalse
- 4none of thesefalse
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Answer : 1. "purchasing power of money"
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