Indian Economy Questions Practice Question and Answer
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Q: In which the following is not directly controlled by RBI?
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5f914529d6785c0fc0d9ad48- 1Bank ratefalse
- 2Repo ratefalse
- 3Base ratetrue
- 4Cash Reserve Ratiofalse
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Answer : 3. "Base rate "
Q: National Income estimates in India are prepared by
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5ef4366e81a47f2e7aeffac1- 1Planning Commissionfalse
- 2Reserve Bank of Indiafalse
- 3Central statistical organizationtrue
- 4Indian Statistical Institutefalse
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Answer : 3. "Central statistical organization"
Q: What kind of economy is there in India?
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5e37d5dfad02e21163c6353c- 1socialistfalse
- 2Mixedtrue
- 3Freefalse
- 4Gandhianfalse
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Answer : 2. "Mixed"
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: Price theory is also known as
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5dfca5eda3197573ca592ab6- 1Macro Economicsfalse
- 2Development Economicsfalse
- 3Public Economicsfalse
- 4Micro Economicstrue
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Answer : 4. "Micro Economics "
Q: Raw materials and money in hand are called _____.
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5fe1db7ace32c8585c749764- 1Human capitalfalse
- 2Working capitaltrue
- 3Factors of productionfalse
- 4None of the abovefalse
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Answer : 2. "Working capital"
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: What is the demand for labor called?
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5dd23187c2282c484e44069a- 1Market demandfalse
- 2Direct demandfalse
- 3Derived demandtrue
- 4Factory demandfalse
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Answer : 3. "Derived demand"
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