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 Indian Economy Questions

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Q:

According to Nomura's Report, India’s GDP growth rate is expected to be around _________ in the financial year 2017-18.

A) 7.6% B) 7.3%
C) 7.8% D) 7.1%
 
Answer & Explanation Answer: D) 7.1%

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Q:

Total Output is a synonym for

A) aggregate demand B) gross domestic product
C) aggregate supply D) equilibrium
 
Answer & Explanation Answer: C) aggregate supply

Explanation:

Total Output is a synonym for Aggregate supply or Initial production.

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Q:

Which one is not the main objective of fiscal policy in India?

A) To increase liquidity in the economy B) To promote price stability
C) To minimize the inequalities of income & wealth D) To promote employment opportunity
 
Answer & Explanation Answer: A) To increase liquidity in the economy

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Q:

What is the total population of India in crores according to 2001 Census

A) 68 B) 84
C) 94 D) 102.70
 
Answer & Explanation Answer: D) 102.70

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Q:

According to the Census 2001, the density of population in India(per square km) is

A) 304 B) 324
C) 344 D) 364
 
Answer & Explanation Answer: B) 324

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Q:

According to Census 2001, what is the percentage of male literacy

A) 75.85 B) 70
C) 65 D) 60
 
Answer & Explanation Answer: A) 75.85

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Q:

Which among the following is NOT a function of RBI? 

A) Serve as debt manager to other banks B) To work as monetary authority and implement its Monetary Policy
C) Serve as banker to central and state governments D) To serve as issuer of bank notes
 
Answer & Explanation Answer: A) Serve as debt manager to other banks

Explanation:

Serve as debt manager to other banks is not a function of RBI Bank.

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Q:

Which of the following represents 'I' in the abbreviation IRDP

A) Integrated B) Indian
C) Insurance D) Internal
 
Answer & Explanation Answer: A) Integrated

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