Indian Economy Practice Question and Answer

Q:

The capital of IMF is made up by the contribution of–

481 0

  • 1
    Credit
    Correct
    Wrong
  • 2
    Deficit Financing
    Correct
    Wrong
  • 3
    Member Nations
    Correct
    Wrong
  • 4
    Borrowings
    Correct
    Wrong
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Answer : 3. "Member Nations "
Explanation :

Explain: -IMF was established on 27th Dec 1945 by Bretton Woods conference. It started working from 1st March, 1947. Every member nations gives 25% money in terms of gold or US dollars.

Q:

According to whom second chamber is unnecessary & bad?

481 0

  • 1
    Monkahour
    Correct
    Wrong
  • 2
    Bentham
    Correct
    Wrong
  • 3
    Seale
    Correct
    Wrong
  • 4
    Loosky
    Correct
    Wrong
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Answer : 2. "Bentham"

Q:

What is the contribution of agriculture sector in GDP of India in 2017-18?

477 0

  • 1
    0.154
    Correct
    Wrong
  • 2
    0.192
    Correct
    Wrong
  • 3
    0.16
    Correct
    Wrong
  • 4
    0.171
    Correct
    Wrong
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Answer : 4. "0.171"

Q:

Which of the following is called the ‘father of white revolution’ in India? 

474 0

  • 1
    Hargovind Khurana
    Correct
    Wrong
  • 2
    V. Kurien
    Correct
    Wrong
  • 3
    M.S. Swaminathan
    Correct
    Wrong
  • 4
    P.K. Sethi
    Correct
    Wrong
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Answer : 2. "V. Kurien"

Q:

Which among the following is the quantitative method of credit control by the Central Bank?

474 0

  • 1
    Marginal requirements
    Correct
    Wrong
  • 2
    Credit rationing
    Correct
    Wrong
  • 3
    Direct action
    Correct
    Wrong
  • 4
    Bank rate
    Correct
    Wrong
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Answer : 4. "Bank rate"

Q:

According to Kenz, the consumption function shows relation between. 

469 0

  • 1
    Total Consumption and Total Population
    Correct
    Wrong
  • 2
    Total Consumption and Normal Price Rate
    Correct
    Wrong
  • 3
    Total Consumption and Total Income
    Correct
    Wrong
  • 4
    Total Consumption and Rate of Interest
    Correct
    Wrong
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Answer : 3. "Total Consumption and Total Income"
Explanation :

Explain: -The Consumption function shows relation between Total Consumption and Total Income. It shows that consumption and income are inversely related

Q:

IMF was established to meet which of the following objectives.

(i) Promoting International Monetary Cooperation

(ii) Expending International Trade

(iii) Lessening the inequlibrium in trade

(iv) Avoiding competitive exchange depreciations.

468 0

  • 1
    i,ii,iii
    Correct
    Wrong
  • 2
    i, iii, iv
    Correct
    Wrong
  • 3
    ii, iv
    Correct
    Wrong
  • 4
    i, ii, iii, iv
    Correct
    Wrong
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Answer : 2. "i, iii, iv"
Explanation :

Explain: -IMF stands for international monetary fund. It publishes “World Economic outlook” every year, IMF is an organisation of 189 countries, working to faster global monetary co-orperation, secur. The International Monetary Fund (IMF) is an organization of 189 countries, working to foster global monetary cooperation, secure financial stability, facilitate international trade, promote high employment and sustainable economic growth, and reduce poverty around the world.

Q:

“World Bank” is also called as –

466 0

  • 1
    International Bank for Reconstruction and development
    Correct
    Wrong
  • 2
    International, rehabilation and development bank
    Correct
    Wrong
  • 3
    International rehabilated and development bank
    Correct
    Wrong
  • 4
    None of these.
    Correct
    Wrong
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Answer : 1. "International Bank for Reconstruction and development"
Explanation :

The "World Bank" is also referred to as simply the "World Bank." While its full name is the "International Bank for Reconstruction and Development (IBRD)," the term "World Bank" is commonly used to refer to this international financial institution.

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