Indian Economy Questions Practice Question and Answer
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Q: Which is the most essential function of an entrepreneur?
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5f3686867e854923fd22bbde- 1Marketingfalse
- 2Risk bearingtrue
- 3Supervisionfalse
- 4Managementfalse
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Answer : 2. "Risk bearing "
Q: Knowledge, technical skill, education etc. in economics, are regarded as
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5f3685f4a27d450be2f51a75- 1tangible physical capitalfalse
- 2working capitalfalse
- 3social-overhead capitalfalse
- 4human capitaltrue
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Answer : 4. "human capital "
Q: Excise duty on a commodity is payable with reference to its
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5f3684b85ea8a017a5b644f1- 1production , transportation and salefalse
- 2productiontrue
- 3production and salefalse
- 4production and transportationfalse
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Answer : 2. "production "
Q: Which of the following monetary policy instruments is used by the RBI to control inflation?
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5f16b980cf79540a753942ee- 1Fiscal tractionfalse
- 2Austerity measuresfalse
- 3Repo ratetrue
- 4Fiscal boostfalse
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Answer : 3. "Repo rate"
Q: What percentage of the total central employees are employed in Indian Railways?
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5f0ff31a2d9085055f45e1c2- 150 %false
- 240 %true
- 345 %false
- 435 %false
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Answer : 2. " 40 %"
Q: Bank rate is the rate at which—
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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: When was the Bombay Stock Exchange established?
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5f08316c429a37679ec221e1- 11890 A.D.false
- 21865 A.D.false
- 31875 A.D.true
- 41881 A.D.false
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Answer : 3. "1875 A.D."
Q: Who is called the forerunner of liberalization of Indian economy?
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5f0830ee8e448621429ede2e- 1P. Chidambaramfalse
- 2Amartya Senfalse
- 3Dr. Manmohan Singhtrue
- 4None of thesefalse
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Answer : 3. "Dr. Manmohan Singh"
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