Indian Economy Practice Question and Answer

Q:

The Abid Hussain Committee was formed by which ministry?

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  • 1
    Planning Commission
    Correct
    Wrong
  • 2
    Ministry of Industry
    Correct
    Wrong
  • 3
    Ministry of Defense
    Correct
    Wrong
  • 4
    Ministry of Finance
    Correct
    Wrong
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Answer : 2. "Ministry of Industry"

Q:

Foreign currency which has a tendency of quick migration is called -

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  • 1
    Gold currency
    Correct
    Wrong
  • 2
    Hot currency
    Correct
    Wrong
  • 3
    Scarce currency
    Correct
    Wrong
  • 4
    Soft currency
    Correct
    Wrong
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Answer : 2. "Hot currency "

Q:

What is the tagline of UCO Bank?

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  • 1
    Where every individual is committed
    Correct
    Wrong
  • 2
    Faithful and Friendly
    Correct
    Wrong
  • 3
    Honors Your Trust
    Correct
    Wrong
  • 4
    Good people to bank with
    Correct
    Wrong
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Answer : 3. "Honors Your Trust"

Q:

Which is the first state in India to enact the Food Security Act?

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  • 1
    Chhattisgarh
    Correct
    Wrong
  • 2
    Gujarat
    Correct
    Wrong
  • 3
    Bihar
    Correct
    Wrong
  • 4
    Tamil Nadu
    Correct
    Wrong
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Answer : 1. "Chhattisgarh"

Q:

The study of factor pricing is alternatively called the theory of 

2494 0

  • 1
    functional distribution
    Correct
    Wrong
  • 2
    personal distribution
    Correct
    Wrong
  • 3
    Income distribution
    Correct
    Wrong
  • 4
    wealth distribution
    Correct
    Wrong
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Answer : 1. "functional distribution "

Q:

Knowledge, technical skill, education etc. in economics, are regarded as 

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  • 1
    tangible physical capital
    Correct
    Wrong
  • 2
    working capital
    Correct
    Wrong
  • 3
    social-overhead capital
    Correct
    Wrong
  • 4
    human capital
    Correct
    Wrong
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Answer : 4. "human capital "

Q:

In which the following is not directly controlled by RBI?

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  • 1
    Bank rate
    Correct
    Wrong
  • 2
    Repo rate
    Correct
    Wrong
  • 3
    Base rate
    Correct
    Wrong
  • 4
    Cash Reserve Ratio
    Correct
    Wrong
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Answer : 3. "Base rate "

Q:

Excise duty on a commodity is payable with reference to its 

2319 1

  • 1
    production , transportation and sale
    Correct
    Wrong
  • 2
    production
    Correct
    Wrong
  • 3
    production and sale
    Correct
    Wrong
  • 4
    production and transportation
    Correct
    Wrong
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Answer : 2. "production "

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