Indian Economy Practice Question and Answer
8 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.
481 06336dec35c208a6bf71b12b9
6336dec35c208a6bf71b12b9- 1i,ii,iiifalse
- 2i, iii, ivtrue
- 3ii, ivfalse
- 4i, ii, iii, ivfalse
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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: In which year did the Government of India set up the first mutual fund by an Act of Parliament?
481 064c399c196ae1f484204f7eb
64c399c196ae1f484204f7eb- 11979false
- 21982false
- 31963true
- 41971false
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Answer : 3. "1963"
Explanation :
1. The mutual fund industry in India began in 1963 with the formation of UTI by an Act of Parliament in 1963 and functioned under the regulatory and administrative control of the Reserve Bank of India (RBI).
2. Unit Trust of India (UTI) was established by an Act of Parliament in 1963.
3. UTI is the first mutual fund company established in India.
Q: As per the recommendations of the National Statistical Commission, the Base Year of the GDP Series in India was revised from 2004-05 to ______ with effect from January 2015.
477 064c24f74d3a6d4481eec7f3c
64c24f74d3a6d4481eec7f3c- 12011-12true
- 22013-14false
- 32005-06false
- 42009-10false
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Answer : 1. "2011-12"
Explanation :
1. From January 2015, as per the recommendations of the National Statistical Commission, the GDP in India The base year of the (GDP) series was revised from 2004-05 to 2011-12.
Q: Who controls the credit generated by commercial banks?
472 063527284519847150da381bf
63527284519847150da381bf- 1Government of Indiafalse
- 2State Bank of Indiafalse
- 3Reserve Bank of Indiatrue
- 4Ministry of Financefalse
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Answer : 3. "Reserve Bank of India"
Q: What will happen if labour productivity is increased?
471 06336ddd130141c336c39f75f
6336ddd130141c336c39f75f- 1Balanced cash wage will decreasefalse
- 2Competitive firms will be forced to invest morefalse
- 3Labour demand curve will shift towards righttrue
- 4None of the above.false
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Answer : 3. "Labour demand curve will shift towards right"
Explanation :
Explanation:- If there is low marginal labour production, then after giving wages there will be profit from marginal labourer. Ultimately, demand of labour will increase and labour demand curve will shift towards right.
Q: Assume that the exchange rate between the US Dollar and the Indian Rupee is $1 = ₹55. Now if this exchange rate increases to $1 = ₹60, then in this situation the Indian Rupee has depreciated against the US Dollar.
471 0649aaa06dad6f2e01f6e1304
649aaa06dad6f2e01f6e1304- 1depreciatedtrue
- 2appreciatedfalse
- 3appreciatedfalse
- 4overvaluedfalse
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Answer : 1. "depreciated"
Explanation :
मान लीजिए कि अमेरिकी डॉलर और भारतीय रुपये के बीच विनिमय दर $1= ₹55 है। अब यदि यह विनिमय दर बढ़कर $1 = ₹60 हो जाती है, तो इस स्थिति में अमेरिकी डॉलर की तुलना में भारतीय रुपये का _______ हुआ है।
Q: With which of the following sectors is the agency short-named as CIBIL associated
470 06576efbefd78a97b0a43f28a
6576efbefd78a97b0a43f28a- 1Insurance sectorfalse
- 2Automobile sectorfalse
- 3Banking sectortrue
- 4Sugar sectorfalse
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Answer : 3. "Banking sector"
Explanation :
The full name of CIBIL is Credit Information Bureau India Limited. It is a credit information company, which maintains records of all credit related activities of individuals and organizations. Banks, non-banking finance companies and other financial institutions submit customer credit information to the bureaus.
Q: What is the total stock of money in circulation among the public at a particular point of time called?
467 0642c0cf22b960e1a419654e3
642c0cf22b960e1a419654e3- 1Money orderfalse
- 2Money supplytrue
- 3Short moneyfalse
- 4Money launderingfalse
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