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 Indian Economy Questions

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Q:

Who decides the Minimum Support Price (MSP) for agricultural crops in India?

A) Ministry of Agriculture   B) NABARD
C) Commission on Agriculture Cost and Price (CACP) D) Ministry of Commerce
 
Answer & Explanation Answer: C) Commission on Agriculture Cost and Price (CACP)

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Q:

In October 2017, SEBI directed the stock exchanges to impose how much fine/penalty on those companies which do not comply with the minimum public shareholding norms?

A) Rs 5000 per day B) Rs 12,000 per day
C) Rs 15,000 per day D) Rs 20,000 per day
 
Answer & Explanation Answer: A) Rs 5000 per day

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Q:

In October 2017, Insolvency and Bankruptcy Board of India (IBBI) relaxed norms for information utilities. Listed Indian companies can now hold ______ of the paid-up equity share capital or total voting power rights in such firms.

 

A) 80% B) 90%
C) 100% D) 50%
 
Answer & Explanation Answer: C) 100%

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Q:

In April 2017, the announcement was made to change the Base year for GDP Calculation. The new Base year will be ______.

 

A) 2011-12   B) 2015-16
C) 2017-18 D) 2016-17
 
Answer & Explanation Answer: C) 2017-18

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Q:

The determinants of aggregate demand

A) Consumption expenditure B) Investment expenditure
C) Government expenditure D) All the above
 
Answer & Explanation Answer: D) All the above

Explanation:

Aggregate demand is the total demand for final goods and services in an economy at a given time.

A.D. = C + I + G + (X-M)

where,

A.D. is Aggregate Demand

C is consumption expenditure

I is Investment expenditure

G is Government expenditure and

(X-M) are Net exports (expenditure on Exports).

 

 

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Q:

In the last one decade, which one among the following sectors has attracted the highest foreign direct investment inflows into India?

A) Food processing B) Petro-chemical
C) Chemicals other than fertilizers D) Telecommunications
 
Answer & Explanation Answer: D) Telecommunications

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Q:

As per Census of India 2011, the population density was about

A) 382 people per sq.km B) 353 people per sq.km
C) 402 people per sq.km D) 428 people per sq.km
 
Answer & Explanation Answer: A) 382 people per sq.km

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Q:

On 19 September 2017, Law Ministry approved Fugitive Economic Offenders Bill, 2017. It will empower government to _______ property of economic offenders and defaulters who flee from India.

 

A) Consolidate B) Confiscate
C) Combine D) Collect
 
Answer & Explanation Answer: B) Confiscate

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