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 Indian Economy Questions

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Q:

Mahalanobis Model has been associated with which Five Year Plan

A) First Five Year Plan B) Second Five Year Plan
C) Third Five Year Plan D) Fourth Five Year Plan
 
Answer & Explanation Answer: B) Second Five Year Plan

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Q:

The 'Dual Economy' is a mixture of

A) traditional agriculture sector and modern industrial sector B) industrial sector and manufacturing sector
C) state ownership sector and trading of goods obtained through imports D) none of these
 
Answer & Explanation Answer: A) traditional agriculture sector and modern industrial sector

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Q:

An increase in the money supply will cause interest rates to ___________.

 

A) rise B) fall
C) remain unchanged D) No option is correct.
 
Answer & Explanation Answer: B) fall

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Exam Prep: Bank Exams

3 13161
Q:

Consider the following statements:

1. Inflation in India continued to be moderate during 2017-18

2. There was significant reduction in food inflation, particularly pulses and vegetables during the period.


Which of the statements given above is/are correct?

A) 1 only B) 2 only
C) Both 1 and 2 D) Neither 1 nor 2
 
Answer & Explanation Answer: C) Both 1 and 2

Explanation:

According to the Survey, inflation in the country continued to moderate during 2017-18 with the CPI based headline inflation averaging 3.3 per cent during the period --the lowest in the last six financial years

Retail inflation fell to a record low of 2.18% in May as prices of kitchen staples like vegetables and pulses declined sharply although there was a marginal spike in fruit rates.

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1 13128
Q:

The law of diminishing returns indicates that

 

A) always diminish B) eventually diminish
C) always diminish before increasing D) never diminish before increasing
 
Answer & Explanation Answer: B) eventually diminish

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Exam Prep: Bank Exams

1 12767
Q:

The train service Thar Express between India and Pakistan, originates in India from

A) Jaisalmer B) Jodhpur
C) Bikaner D) Barmer
 
Answer & Explanation Answer: D) Barmer

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23 12569
Q:

Hindu rate of growth refers to the rate of growth of

A) GDP B) Population
C) Foodgrains D) Per captain income
 
Answer & Explanation Answer: A) GDP

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21 12520
Q:

The term 'mixed economy' denoted

A) existence of both rural and urban sectors B) existence of both private and public sectors
C) existence of both heavy and small industries D) existence of both developed and underdeveloped sectors
 
Answer & Explanation Answer: B) existence of both private and public sectors

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