Indian Economy Questions

Q:

Leverage enables currency traders to do which of the following?

 

A) Reduce the risk of losing money   B) Force foreign governments to print more money
C) Make large currency trades using small amounts of money D)  Buy currencies before they are available to the public
 
Answer & Explanation Answer: C) Make large currency trades using small amounts of money

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Q:

An objective of the National Food Security Mission is to increase the production of certain crops through area expansion and productivity enhancement in a sustainable manner in the identified districts of the country. What are those crops?

A) Rice and Wheat only B) Rice, Wheat and pulses only
C) Rice, Wheat, Pulses and oil seeds only D) Rice, Wheat, Pulses, oil seeds and vegetables
 
Answer & Explanation Answer: B) Rice, Wheat and pulses only

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Q:

Capital budgeting decisions are generally based on:

 

A) Tentative predictions of future outcomes. B) Perfect predictions of future outcomes.
C) Speculation of interest rates and economic performance only. D) Results from past outcomes only.
 
Answer & Explanation Answer: A) Tentative predictions of future outcomes.

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Q:

The largest river of Penisular India is

A) Narmada B) Godavari
C) Mahanadi D) Cauvery
 
Answer & Explanation Answer: B) Godavari

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Q:

‘KAPILA’ programme, which was making news recently, is associated with which sector?

 

A) MSME B) Intellectual Property Rights
C) Aviation D) Automobile
 
Answer & Explanation Answer: B) Intellectual Property Rights

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Q:

Which of the following produces maximum crude petroleum in India at present

A) Assam B) Gujarat
C) Off shore Bombay High D) Coastal Tamil Nadu
 
Answer & Explanation Answer: C) Off shore Bombay High

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Q:

The most literate Union Territory in India is

A) Delhi B) Lakshadweep
C) Chandigarh D) Pondicherry
 
Answer & Explanation Answer: B) Lakshadweep

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Q:

Which company has overtaken Oil and Natural Gas Corp (ONGC) to become India’s most profitable state-owned company  ?

A) Indian Oil Corporation B) SAIL
C) Hindustan Petroleum D) GAIL
 
Answer & Explanation Answer: A) Indian Oil Corporation

Explanation:

Indian Oil Corp (IOC) has overtaken Oil and Natural Gas Corp (ONGC) to become India’s most profitable state-owned company. IOC, which has for decades been India’s biggest company by turnover, posted a 70 per cent jump in net profit to Rs 19,106.40 crore in the financial year ended March 31, 2017.

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