Indian Economy Questions

Q:

The Government of India has decided to declare which of the following rivers a ' National River '

A) Yamuna B) Kaveri
C) Ganga D) None of these
 
Answer & Explanation Answer: C) Ganga

Explanation:
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Q:

Which of the following is a characteristic of the monopolistic competition?

 

A) A large number of firms compete B) Each firm produces a differentiated product
C) Both answers A and B are correct D) Barriers to entry
 
Answer & Explanation Answer: C) Both answers A and B are correct

Explanation:

A large number of firms compete and Each firm produces a differentiated product is a characteristic of the market structure for monopolistic competition.

 

 

 

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Q:

Who wrote a book describing the theory of economic drain of India during British rule

A) Late lajpat rai B) Mahatma Gandhi
C) Jawaharlal nehru D) Dadabhai naoroji
 
Answer & Explanation Answer: D) Dadabhai naoroji

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23 14215
Q:

In October 2017, RBI fixed the cash loading limit per month to ______ for Prepaid Payment Instruments.

 

A) Rs 10,000 B) Rs 50,000
C) Rs 75,000 D) Rs 1,00,000
 
Answer & Explanation Answer: B) Rs 50,000

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Q:

Match the characteristics with their market structure:

(a) Difficult entry (often due to economies of scale)
(b) Can sell as much as it can at market price

A) (a) Monopolistic Competition, (b) Pure Monopoly B) (a) Pure Monopoly, (b) Oligopoly
C) (a) Oligopoly, (b) Pure Competition D) (a) Pure Competition, (b) Oligopoly
 
Answer & Explanation Answer: C) (a) Oligopoly, (b) Pure Competition

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Exam Prep: Bank Exams

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Q:

Paper currency first started in India in _____ ?

A) 1542 B) 1601
C) 1861 D) 1880
 
Answer & Explanation Answer: C) 1861

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Exam Prep: Bank Exams , CAT
Job Role: Bank Clerk , Bank PO

49 13713
Q:

The base year for computation of National Income in India is

A) 1990 - 91 B) 1993 - 94
C) 1999 - 2000 D) 2000 - 01
 
Answer & Explanation Answer: B) 1993 - 94

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21 13681
Q:

MODVAT is related to

A) Sales Tax B) Income Tax
C) Wealth Tax D) Excise Tax
 
Answer & Explanation Answer: D) Excise Tax

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