Indian Economy Questions Practice Question and Answer

Q:

Who among the following formulates the monetary policy in India?

548 0

  • 1
    Finance Commission of India
    Correct
    Wrong
  • 2
    Reserve Bank of India
    Correct
    Wrong
  • 3
    NITI Aayog
    Correct
    Wrong
  • 4
    The Ministry of Statistics and Programme Implementation
    Correct
    Wrong
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Answer : 2. "Reserve Bank of India "

Q:

What is the percentage of the female population according to the 2011 census? 

540 0

  • 1
    42.53 %
    Correct
    Wrong
  • 2
    40.53 %
    Correct
    Wrong
  • 3
    48.53 %
    Correct
    Wrong
  • 4
    45.53 %
    Correct
    Wrong
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Answer : 3. "48.53 % "

Q:

FEMA (Foreign Exchange Management Act) was finally implemented in the year_____.

537 0

  • 1
    1991
    Correct
    Wrong
  • 2
    1997
    Correct
    Wrong
  • 3
    2002
    Correct
    Wrong
  • 4
    2007
    Correct
    Wrong
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Answer : 3. "2002"

Q:

Which one of the following is not a clause of World Trade Organisation?

525 1

  • 1
    Lowering trade barriers with negotiations
    Correct
    Wrong
  • 2
    Most favoured nation treatment
    Correct
    Wrong
  • 3
    Providing financial support to the countries having deficit balance of payments
    Correct
    Wrong
  • 4
    Discouraging unfair trade practices such as anti-dumping and export subsidies
    Correct
    Wrong
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Answer : 3. "Providing financial support to the countries having deficit balance of payments"

Q:

Which of the following issued initial Public Offer no rins for Life Insurance?

521 0

  • 1
    CRISIL
    Correct
    Wrong
  • 2
    SEBI
    Correct
    Wrong
  • 3
    RBI
    Correct
    Wrong
  • 4
    IRDA
    Correct
    Wrong
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Answer : 3. "RBI"

Q:

Who was the founder of Bank of Baroda?

520 0

  • 1
    Maharaja Sayajirao II
    Correct
    Wrong
  • 2
    Maharaja Bajirao-III
    Correct
    Wrong
  • 3
    P. karamchandra
    Correct
    Wrong
  • 4
    Maharaj Chhatrasal
    Correct
    Wrong
  • 5
    None of these
    Correct
    Wrong
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Answer : 3. "P. karamchandra"

Q:

‘Functional Finance’ is associated with–

506 0

  • 1
    Abba ‘P’ Lerner
    Correct
    Wrong
  • 2
    Adolph Wogner
    Correct
    Wrong
  • 3
    Adam Smith
    Correct
    Wrong
  • 4
    Adams
    Correct
    Wrong
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Answer : 1. "Abba ‘P’ Lerner "

Q:

The first bank to open its branch outside India in London in 1946

488 0

  • 1
    Bank of India
    Correct
    Wrong
  • 2
    Canara Bank
    Correct
    Wrong
  • 3
    Imperial Bank of India
    Correct
    Wrong
  • 4
    Central Bank of India
    Correct
    Wrong
  • 5
    None of these
    Correct
    Wrong
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Answer : 1. "Bank of India"

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