Indian Economy Questions Practice Question and Answer

Q:

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

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  • 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:

Inflation in India is measured on which of the following indexes / indicators?

554 0

  • 1
    Gross Domestic Product (GDP)
    Correct
    Wrong
  • 2
    Wholesale Price Index (WPI)
    Correct
    Wrong
  • 3
    Cost of Living Index (CLI)
    Correct
    Wrong
  • 4
    Consumer Price Index (CPI)
    Correct
    Wrong
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Answer : 2. "Wholesale Price Index (WPI)"

Q:

Demand for labour is–

558 1

  • 1
    Composite demand
    Correct
    Wrong
  • 2
    Competitive demand
    Correct
    Wrong
  • 3
    Derived demand
    Correct
    Wrong
  • 4
    Joint demand
    Correct
    Wrong
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Answer : 3. "Derived demand "

Q:

As per estimates of the Planning Commission of India the target growth rate of 12th Five-Year Plan is set to

465 0

  • 1
    7 to 8%
    Correct
    Wrong
  • 2
    8.0% to 8.5%
    Correct
    Wrong
  • 3
    9% to 9.5%
    Correct
    Wrong
  • 4
    10 to 10.5%
    Correct
    Wrong
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Answer : 3. "9% to 9.5% "

Q:

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

521 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:

Banks and other financial institutions in India are required to maintain a certain amount of liquid assets like cash, precious metals and other short term securities as a reserve all the time. In Banking World this is known as–

595 0

  • 1
    PLR
    Correct
    Wrong
  • 2
    Fixed Asset
    Correct
    Wrong
  • 3
    SLR
    Correct
    Wrong
  • 4
    CRR
    Correct
    Wrong
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Answer : 4. "CRR "

Q:

Of the following land uses, which is restricted to Special Economic Zones?

425 0

  • 1
    Information Technology Companies
    Correct
    Wrong
  • 2
    Free Trade Centres
    Correct
    Wrong
  • 3
    Educational Institutions
    Correct
    Wrong
  • 4
    Marketing Centres
    Correct
    Wrong
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Answer : 2. "Free Trade Centres"

Q:

‘Functional Finance’ is associated with–

502 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 "

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