Indian Economy Practice Question and Answer
8 4 Q:
605c66a040a8e965941236f0 Answer : 3. "Reserve bank of India"
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5f7d4fc81e5cb657ce31da52 4 Q:
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Q: Who decides the Repo rate in India?
1447 0605c66a040a8e965941236f0
605c66a040a8e965941236f0- 1Government of Indiafalse
- 2Ministry of Financefalse
- 3Reserve bank of Indiatrue
- 4None of thesefalse
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Answer : 3. "Reserve bank of India"
Explanation :
The repo rate is the rate at which the Reserve Bank of India borrows funds from commercial banks in the country. It is the rate at which commercial banks in India park their excess money with the Reserve Bank of India, usually for the short term.
Q: What does the Lorenz Curve indicate?
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5f4cb8bf82369c1d610dc8b5- 1Relationship between the price of a certain commodity and its demandfalse
- 2Income distributiontrue
- 3Rate of employmentfalse
- 4Taxable income elasticityfalse
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Answer : 2. "Income distribution"
Q: Which bank has formed Kisan Clubs to reach farmers easily?
1411 06113912ee60c1d4cec26748a
6113912ee60c1d4cec26748a- 1Reserve Bank of Indiafalse
- 2Bank of Indiafalse
- 3Regional Rural Bankstrue
- 4Allahabad Bankfalse
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Answer : 3. "Regional Rural Banks"
Q: Bank rate is the rate at which—
1411 05f0fe57510bdaa1158cd7178
5f0fe57510bdaa1158cd7178- 1A bank lends to the public.false
- 2RBI lends to the public.false
- 3RBI lends to commercial banks.true
- 4Government of India lends to other countries.false
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Answer : 3. "RBI lends to commercial banks."
Q: India ranks first in the world in the production of which mineral?
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60d317a46cc0e73be00e447b- 1graphitefalse
- 2Tungstenfalse
- 3asbestostrue
- 4All thesefalse
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Answer : 3. "asbestos"
Q: Which of the following countries has a mixed economy?
1375 05f7d4fc81e5cb657ce31da52
5f7d4fc81e5cb657ce31da52- 1Americafalse
- 2Indiatrue
- 3Chinafalse
- 4Russiafalse
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Answer : 2. "India"
Q: Which is the most essential function of an entrepreneur?
1368 05f3686867e854923fd22bbde
5f3686867e854923fd22bbde- 1Marketingfalse
- 2Risk bearingtrue
- 3Supervisionfalse
- 4Managementfalse
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Answer : 2. "Risk bearing "
Q: In which year was the National Income Committee formed?
1354 05fc2175d4f2f6c622bf3a418
5fc2175d4f2f6c622bf3a418- 11950false
- 21949true
- 31948false
- 41960false
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Answer : 2. "1949"
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