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 Indian Economy Questions

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Q:

The money which Government of India spends on the development of infrastructure in country comes from which of the following sources?

I. Loan from world Bank/ADB etc

II. Taxes collected  from the people 

III. Loan from RBI

A) only I B) only II
C) only III D) All I,II and III
 
Answer & Explanation Answer: D) All I,II and III

Explanation:
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Q:

India Ratings has lowered India's growth forecast for the current fiscal to ________ from 7.4 per cent.

A) 6.3 per cent B) 6.6 per cent
C) 6.7 per cent D) 6.4 per cent
 
Answer & Explanation Answer: C) 6.7 per cent

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15 3257
Q:

Which one among the following is a 'Ht Spot' for biological diversity in India

A) Western Ghat B) Sundarban
C) Chilka Lagoon D) Eastern Ghat
 
Answer & Explanation Answer: B) Sundarban

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Q:

GST Council has decided to keep a total of ________ items in the 28% slab, which was earlier 227.

A) 125 B) 87
C) 100 D) 50
 
Answer & Explanation Answer: D) 50

Explanation:

The GST Council on Nov 10th 2017 cut tax rates of over 175 products that were in the highest tax slab of 28% under the Goods and Services Tax (GST) regime.  

Currently only 50 items have been left in the 28% category out of a total of 227 items that were present earlier.

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8 3213
Q:

What is the total population of India according to 2001 Census

A) 1,02,71,01,012 B) 1,02,87,37,436
C) 10,12,52,751 D) None of these
 
Answer & Explanation Answer: B) 1,02,87,37,436

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Q:

Which of the following is definitelyy a major indication of the state of the economy of the country

A) rate of GDP growth B) rate of inflation
C) number of banks in a country D) stock of food grains in a country
 
Answer & Explanation Answer: A) rate of GDP growth

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2 3181
Q:

Which one of the following is not an instrument of Fiscal policy?

A) Open Market Operations B) Taxation
C) Public borrowing D) Public expenditure
 
Answer & Explanation Answer: A) Open Market Operations

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8 3176
Q:

Should the parents inIndia in future be forced to opt for one child against the 2 or many at present?

  1. Yes.This the only way to check the ver increasin population of India
  2. No.This type of pressure tactic is not adopted by any other country in the world

A) Only 1 is true B) Only 2 is true
C) Either 1 or 2 is true D) Neither 1 nor 2 is true
 
Answer & Explanation Answer: A) Only 1 is true

Explanation:

Clearly adoptindg such a policy help to regulate the population gowth,which inturn will facilitate the proper growth of economy and optimum utilization of country resources.

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