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 Indian Economy Questions

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Q:

Which of the following measures will not increase a nation's wealth?

A) investing in new companies B) increasing efficiency of factories
C) converting grasslands into orchards D) By redistributing taxes as subsidies
 
Answer & Explanation Answer: D) By redistributing taxes as subsidies

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Q:

Which one of the following is also regarded as Disguised unemployment?

A) Underemployment B) Frictional unemployment
C) Seasonal unemployment D) Cyclical unemployment
 
Answer & Explanation Answer: A) Underemployment

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Q:

On 24 October 2017, the Government of India announced a massive of ______ package to boost economy

A) Rs 7 lakh crore B) Rs 9 lakh crore
C) Rs 15 lakh crore D) Rs 5 lakh crore
 
Answer & Explanation Answer: B) Rs 9 lakh crore

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Q:

Sectoral distribution of GDP index measures_________

A) Agriculture development of a country B) Economic development of a country
C) Social development of a country D) Socio­Economic development of a country
 
Answer & Explanation Answer: B) Economic development of a country

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Q:

Which among the following sponsors Regional Rural Banks (RRB'S)?

A) Reserve Bank of India B) Foreign Banks
C) National Commercial Banks D) Co-Operative Banks
 
Answer & Explanation Answer: C) National Commercial Banks

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Q:

Ad Valorem tax is levied on?

A) Value B) Volume
C) Production D) Export
 
Answer & Explanation Answer: A) Value

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Q:

Fixed Foreign Exchange Rate can be changed by

A) RBI B) SEBI
C) Ministry of Finance D) FIPB
 
Answer & Explanation Answer: A) RBI

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Q:

Who is the Chief Economic Advisor to the Government of India?

A) Raghu Ram Rajan B) Arvind Subramanian
C) Rajiv Mahirishi D) Arvind Pangariya
 
Answer & Explanation Answer: B) Arvind Subramanian

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