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 Indian Economy Questions

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Q:

The money which Government of India spends on the development of infrastructure in country comes from which of the following sources?

I. Loan from world Bank/ADB etc

II. Taxes collected  from the people 

III. Loan from RBI

A) only I B) only II
C) only III D) All I,II and III
 
Answer & Explanation Answer: D) All I,II and III

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Q:

Which one of the following pairs is correctly matched

A) West Bengal - Highest density of population B) Himachal Pradesh - Highest sex ratio
C) Uttar Pradesh - Highest percentage of Scheduled Castes population D) Nagaland - Highest percentage of Scheduled Tribes population
 
Answer & Explanation Answer: A) West Bengal - Highest density of population

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2 2943
Q:

GST Council has decided to keep a total of ________ items in the 28% slab, which was earlier 227.

A) 125 B) 87
C) 100 D) 50
 
Answer & Explanation Answer: D) 50

Explanation:

The GST Council on Nov 10th 2017 cut tax rates of over 175 products that were in the highest tax slab of 28% under the Goods and Services Tax (GST) regime.  

Currently only 50 items have been left in the 28% category out of a total of 227 items that were present earlier.

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8 2905
Q:

Which country has recently become fifth largest military spender  ?

A) India B) Japan
C) China D) Russia
 
Answer & Explanation Answer: A) India

Explanation:

1. India's military expenditure grew around 8.5 percent in 2016, making it the world's fifth largest spender at $55.9 billion, figures released by the Stockholm International Peace Research Institute (SIPRI).

2. As per the figures, the US remains the world's largest military spender registering a growth of 1.7 percent between 2015 and 2016 to $611 billion.

3. China is second and Russia is on the third position in the list.

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8 2895
Q:

What is the total population of India according to 2001 Census

A) 1,02,71,01,012 B) 1,02,87,37,436
C) 10,12,52,751 D) None of these
 
Answer & Explanation Answer: B) 1,02,87,37,436

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0 2870
Q:

Which one of the following is not an instrument of Fiscal policy?

A) Open Market Operations B) Taxation
C) Public borrowing D) Public expenditure
 
Answer & Explanation Answer: A) Open Market Operations

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Exam Prep: Bank Exams

8 2864
Q:

Which of the following is definitelyy a major indication of the state of the economy of the country

A) rate of GDP growth B) rate of inflation
C) number of banks in a country D) stock of food grains in a country
 
Answer & Explanation Answer: A) rate of GDP growth

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2 2844
Q:

Which one of the following is the central theme of the Chipko Movement, started by Sunderlal Bahuguna in 1973

A) Conservation of river water B) Conservation of forests
C) Protection of birds D) Protection of cheetals
 
Answer & Explanation Answer: B) Conservation of forests

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