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 Indian Economy Questions

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Q:

Which among the following is the difference in valuebetween a countrys imports and exports?

A) Balance of Trade B) Balance of Payment
C) Balance of power D) Credit Balance
 
Answer & Explanation Answer: A) Balance of Trade

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Q:

Which among the following is not an instrument of fiscal policy?

A) Taxation B) Public expenditure
C) Public debt D) Credit Rationing
 
Answer & Explanation Answer: D) Credit Rationing

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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:

"Betting and gambling" is listed in the __________ list given in the Seventh Schedule in the Constitution of India.

A) Union B) State
C) Global D) Concurrent
 
Answer & Explanation Answer: B) State

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Q:

Unemployment resulting from industrial reorganization, typically due to technological change, rather than fluctuations in supply or demand is called

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

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Q:

During a recession _____

A) Producers will be cautiously optimistic. B) there will be decrease in inventory
C) There will be capacity under utilization. D) there will be expansion in bank credit
 
Answer & Explanation Answer: C) There will be capacity under utilization.

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Q:

The ________ balance is the sum of the balance of merchandise trade, services and net transfers received from the rest of the world.

A) Current Account B) Savings Account
C) Capital Account D) Asset Account
 
Answer & Explanation Answer: A) Current Account

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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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