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 Indian Economy Questions

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Q:

The Government of India recently decided to create a 'Specific Financing Window ' for its ' Mega Bharat Nirman Programme ' . This specific financing window will operate through

A) SIDBI B) NABARD
C) SBI D) None of these
 
Answer & Explanation Answer: B) NABARD

Explanation:
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Q:

Which one of the following is NOT an example of economic overheads

A) Schools B) Sanitary Facilities
C) Roads and Rrailways D) Coal Mines
 
Answer & Explanation Answer: D) Coal Mines

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Q:

In 1955, Imperial Bank of India, a leadimg commercial bank of that time was nationalised and renamed as:

A) Central Bank of India B) Bank of India
C) Indian Bank D) State Bank of India
 
Answer & Explanation Answer: D) State Bank of India

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Q:

Entrepreneurship as a theory of business was propounded by

A) Thomas A. Coleman B) Joseph A. Schumpeter
C) Adam Smith D) Douglas McGregor
 
Answer & Explanation Answer: B) Joseph A. Schumpeter

Explanation:

Entrepreneurship as a theory of business was propounded by Joseph. A. Schumpeter.

 

Schumpeter’s Innovation Theory of Profit :


Definition:  The Innovation Theory of Profit was proposed by Joseph. A. Schumpeter, who believed that an entrepreneur can earn economic profits by introducing successful innovations.

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6 3985
Q:

What is Rank of India in World business optimism ranking?

A) 4th B) 6th
C) 5th D) 7th
 
Answer & Explanation Answer: D) 7th

Explanation:

India slips to 7th position on the business optimism ranking.

The results of Grant Thornton’s International Business Report (IBR), a quarterly global business survey, reveal that business optimism in India has slipped from 2nd position in the last quarter to 7th position in the 3rd quarter of 2017.

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14 3855
Q:

Who was appointed as Director General of Goods and Service Tax Intelligence (DG GSTI) ?

A) Uttam Singh B) Gurindar Chadha
C) Richard Verma D) John Joseph
 
Answer & Explanation Answer: D) John Joseph

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10 3846
Q:

Which Rating agency has projected India’s GDP growth rate to 6.9 percent for the financial year 2017-18 ?

A) NOMURA B) ONICRA
C) FITCH D) ICRA
 
Answer & Explanation Answer: C) FITCH

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15 3818
Q:

Which of the following is an example of representative money?

A) Salt B) A tract of land
C) Gold D) A check
 
Answer & Explanation Answer: D) A check

Explanation:

Representative money is an item such as a token or piece of paper that has no intrinsic value but can be exchanged on demand for a commodity that does have intrinsic value, such as gold, silver, copper,...

 

Hence, a Check is an example of representative money.

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