Indian Economy Questions Practice Question and Answer

Q:

In which the following is not directly controlled by RBI?

1377 0

  • 1
    Bank rate
    Correct
    Wrong
  • 2
    Repo rate
    Correct
    Wrong
  • 3
    Base rate
    Correct
    Wrong
  • 4
    Cash Reserve Ratio
    Correct
    Wrong
  • Show AnswerHide Answer
  • Workspace

Answer : 3. "Base rate "

Q:

National Income estimates in India are prepared by

1318 0

  • 1
    Planning Commission
    Correct
    Wrong
  • 2
    Reserve Bank of India
    Correct
    Wrong
  • 3
    Central statistical organization
    Correct
    Wrong
  • 4
    Indian Statistical Institute
    Correct
    Wrong
  • Show AnswerHide Answer
  • Workspace

Answer : 3. "Central statistical organization"

Q:

What kind of economy is there in India?

1309 0

  • 1
    socialist
    Correct
    Wrong
  • 2
    Mixed
    Correct
    Wrong
  • 3
    Free
    Correct
    Wrong
  • 4
    Gandhian
    Correct
    Wrong
  • Show AnswerHide Answer
  • Workspace

Answer : 2. "Mixed"

Q:

What percentage of the total central employees are employed in Indian Railways?

1268 0

  • 1
    50 %
    Correct
    Wrong
  • 2
    40 %
    Correct
    Wrong
  • 3
    45 %
    Correct
    Wrong
  • 4
    35 %
    Correct
    Wrong
  • Show AnswerHide Answer
  • Workspace

Answer : 2. " 40 %"

Q:

Price theory is also known as     

1198 0

  • 1
    Macro Economics
    Correct
    Wrong
  • 2
    Development Economics
    Correct
    Wrong
  • 3
    Public Economics
    Correct
    Wrong
  • 4
    Micro Economics
    Correct
    Wrong
  • Show AnswerHide Answer
  • Workspace

Answer : 4. "Micro Economics "

Q:

Raw materials and money in hand are called _____.

1180 0

  • 1
    Human capital
    Correct
    Wrong
  • 2
    Working capital
    Correct
    Wrong
  • 3
    Factors of production
    Correct
    Wrong
  • 4
    None of the above
    Correct
    Wrong
  • Show AnswerHide Answer
  • Workspace

Answer : 2. "Working capital"

Q:

Bank rate is the rate at which—

1176 0

  • 1
    A bank lends to the public.
    Correct
    Wrong
  • 2
    RBI lends to the public.
    Correct
    Wrong
  • 3
    RBI lends to commercial banks.
    Correct
    Wrong
  • 4
    Government of India lends to other countries.
    Correct
    Wrong
  • Show AnswerHide Answer
  • Workspace

Answer : 3. "RBI lends to commercial banks."

Q:

What is the demand for labor called?

1170 1

  • 1
    Market demand
    Correct
    Wrong
  • 2
    Direct demand
    Correct
    Wrong
  • 3
    Derived demand
    Correct
    Wrong
  • 4
    Factory demand
    Correct
    Wrong
  • Show AnswerHide Answer
  • Workspace

Answer : 3. "Derived demand"

      Report Error

    Please Enter Message
    Error Reported Successfully

      Report Error

    Please Enter Message
    Error Reported Successfully

      Report Error

    Please Enter Message
    Error Reported Successfully

      Report Error

    Please Enter Message
    Error Reported Successfully

      Report Error

    Please Enter Message
    Error Reported Successfully

      Report Error

    Please Enter Message
    Error Reported Successfully

      Report Error

    Please Enter Message
    Error Reported Successfully

      Report Error

    Please Enter Message
    Error Reported Successfully