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 Indian Economy Questions

Popular Latest Rated
Q:

When was first train steamed off in India

A) 1848 B) 1853
C) 1875 D) 1880
 
Answer & Explanation Answer: B) 1853

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19 7973
Q:

National Income based on the 

A) total revenue of the state B) production of goods and services
C) net profit earned and expenditure made by the state D) the sum of all fractions of income
 
Answer & Explanation Answer: B) production of goods and services

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14 7814
Q:

“Functional Finance” is associated with: __________

 

 

 

A) Adams B) Adam Smith
C) Adolph Wogner D) Abba P Lerne
 
Answer & Explanation Answer: D) Abba P Lerne

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Exam Prep: Bank Exams

1 7810
Q:

The State which has the highest percentage of literate unemployed in India is 

A) Andhra Pradesh B) Manipur
C) Kerala D) Gujarat
 
Answer & Explanation Answer: C) Kerala

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7 7674
Q:

Which is the highest form of unemployment in India?

A) seasonal B) structural
C) cyclical D) casual
 
Answer & Explanation Answer: B) structural

Explanation:

Basically India's unemployment is structural in nature. It is associated with the inadequacy of the productive capacity to create enough jobs for all those able and willing in india. Not only is the productive capacity  (largely capital stock) much below the needed quantity, it is also found to be increasing at a slow rate. As against this, additions to labour force are being made at a fast rate on account of rapidly rising population. Thus, the absolute level of unemployed persons is rising every year. 

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12 7666
Q:

Which one of the following types of unemployment is common in India agriculture

A) Seasonal B) Disguised
C) Frictional D) Structral
 
Answer & Explanation Answer: A) Seasonal

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6 7661
Q:

Which is not include in the private income arising in a country

A) Factor income from net domestic product B) Net factor income from abroad
C) Current transfers from Government D) Current Payment on foreign loans
 
Answer & Explanation Answer: D) Current Payment on foreign loans

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6 7617
Q:

Under the minimum reserve system, the Reserve Bank of India as the sole authority of note issuse is required to maintain  assets worth not less than:

A) 85 crore of rupees B) 115 crore of rupees
C) 200 crore of rupees D) 210 crore of rupees
 
Answer & Explanation Answer: B) 115 crore of rupees

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10 7582