Indian Economy Questions

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 one of the following National Highways is the longest

A) NH-2 B) NH-7
C) NH-8 D) NH-15
 
Answer & Explanation Answer: B) NH-7

Explanation:
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Q:

In India, in the overall indexe of Industrial Production , the Indices of Eight Core Industries have a combined weight of 37.90%. Which of the following are among those Eight Core Industries?

1.Cement     2. Fertilizers      3.Natural gas     4. Refinery products     5. Textiles

A) 1 and 5 only B) 2, 3 and 4 only
C) 1, 2, 3 and 4 only D) 1, 2, 3, 4 and 5
 
Answer & Explanation Answer: C) 1, 2, 3 and 4 only

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Q:

For an inferior good demand falls when _________.

 

A) Piece rise   B) Price falls  
C) Income rise   D) Income falls  
 
Answer & Explanation Answer: C) Income rise  

Explanation:
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Q:

Market imperfections of a country are reflected in___________.

A) price rigidity B) factor immobility
C) lack of specialization D) All options are correct
 
Answer & Explanation Answer: D) All options are correct

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Q:

Which of the following is a microeconomic statement? 

A) The price of personal computers declined last year. B) Unemployment was 6.8 percent of the labor force last year.
C) The real domestic output increased by 2.5 percent last year. D) The general price level increased by 4 percent last year.
 
Answer & Explanation Answer: A) The price of personal computers declined last year.

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Q:

Which of the following is NOT a social development scheme launched by the Government of India

A) Indira Awas Yojana B) Kutir Jyoti
C) LookEast Policy D) Operation Black Board
 
Answer & Explanation Answer: C) LookEast Policy

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Q:

Many time we read in financial newspaper about the performance of the Core Sector in Economy. Which of the following is NOT included in the core sector of the same

A) Coal B) Cement
C) Steel D) Auto Sector
 
Answer & Explanation Answer: D) Auto Sector

Explanation:
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