Indian Economy Questions Practice Question and Answer

Q:

What is the base year to calculate the National income in India?

848 0

  • 1
    2004-05
    Correct
    Wrong
  • 2
    2010-11
    Correct
    Wrong
  • 3
    2014-15
    Correct
    Wrong
  • 4
    2011-12
    Correct
    Wrong
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Answer : 4. "2011-12"

Q: The purchase of shares and bonds of Indian companies by Foreign Institutional Investors is called? 760 0

  • 1
    FDI
    Correct
    Wrong
  • 2
    Portfolio Investment
    Correct
    Wrong
  • 3
    NRI Investment
    Correct
    Wrong
  • 4
    Foreign Indirect Investment
    Correct
    Wrong
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Answer : 4. "Foreign Indirect Investment"

Q:

Economic survey is published by 

662 0

  • 1
    Ministry of Finance
    Correct
    Wrong
  • 2
    Planning commission
    Correct
    Wrong
  • 3
    Government of India
    Correct
    Wrong
  • 4
    Indian Statistical Institute
    Correct
    Wrong
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Answer : 1. "Ministry of Finance "

Q:

Which among the following formulates fiscal policy? 

869 0

  • 1
    RBI
    Correct
    Wrong
  • 2
    Finance Ministry
    Correct
    Wrong
  • 3
    SEBI
    Correct
    Wrong
  • 4
    Planning Commission
    Correct
    Wrong
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Answer : 1. "RBI "

Q:

Deficit financing means the government borrows money from the – 

1809 0

  • 1
    International Monetary Fund
    Correct
    Wrong
  • 2
    Ministry of Finance
    Correct
    Wrong
  • 3
    Reserve Bank of India
    Correct
    Wrong
  • 4
    World Trade Organization
    Correct
    Wrong
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Answer : 3. "Reserve Bank of India "

Q:

What kind of economy is there in India?

1313 0

  • 1
    socialist
    Correct
    Wrong
  • 2
    Mixed
    Correct
    Wrong
  • 3
    Free
    Correct
    Wrong
  • 4
    Gandhian
    Correct
    Wrong
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Answer : 2. "Mixed"

Q:

The gradation and standardization of agricultural products are conducted through

4332 2

  • 1
    Food Corporation of India
    Correct
    Wrong
  • 2
    Directorate of Marketing and Inspection
    Correct
    Wrong
  • 3
    Indian Standards Institution
    Correct
    Wrong
  • 4
    Central Statistical Organization
    Correct
    Wrong
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Answer : 2. "Directorate of Marketing and Inspection "

Q:

How many member is in the GST Council of India?

2758 0

  • 1
    33
    Correct
    Wrong
  • 2
    34
    Correct
    Wrong
  • 3
    36
    Correct
    Wrong
  • 4
    27
    Correct
    Wrong
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Answer : 1. "33"

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