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 Indian Economy Questions

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Q:

Saving is that portion of money income that is .....

A) spent for development of Industries B) not spent on consumption
C) spent on health and education D) spent for consumer durables
 
Answer & Explanation Answer: B) not spent on consumption

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Exam Prep: Bank Exams

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Q:

Which of the following rate is charged by banks to their most credit worthy customers?

A) Prime Lending Rate B) Statutory Liquidity Rate
C) Bank Rate D) Repo Rate
 
Answer & Explanation Answer: A) Prime Lending Rate

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Q:

Why are the Indian workers less skilled than the workers of western countries?

A) Low level of wages B) Inferior quality of capital provided to labourers  
C) High level of illiteracy   D) Strong trade unions
 
Answer & Explanation Answer: C) High level of illiteracy  

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Q:

Which tax causes a burden on the poorer section of the society?

A) Direct Tax B) Indirect Tax
C) Both Direct and Indirect Tax D) None of these
 
Answer & Explanation Answer: B) Indirect Tax

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Exam Prep: Bank Exams

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Q:

Movement along the supply curve is known as ______

A) Contraction of supply B) Expansion of supply
C) Increase in supply D) Expansion and contraction of supply
 
Answer & Explanation Answer: D) Expansion and contraction of supply

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Q:

Which one of the following is also regarded as Disguised unemployment?

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

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Q:

The __________ exchange rate is the relative price of foreign goods in terms of domestic goods.

A) Artificial B) Nominal
C) Fixed D) Real
 
Answer & Explanation Answer: D) Real

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Q:

India has stated it aims to reduce the emissions intensity of its GDP by 33-35% by 2030 from 2005 levels and achieve _______________ of its cumulative electric power of around 350GW installed capacity from non-fossil fuel-based energy resources, mainly renewable power. 

A) 20% B) 40%
C) 50% D) 30%
 
Answer & Explanation Answer: B) 40%

Explanation:

India has said it aims to reduce the emissions intensity of its GDP by 33-35% by 2030 from 2005 levels and achieve 40% of its cumulative electric power of around 350GW installed capacity from non-fossil fuelbased energy resources, mainly renewable power. The statement comes ahead of the UN Framework Convention on Climate Change (UNFCCC) to be held in Paris in December 2015, where countries would try to forge a new global climate agreement based on “climate justice" and principles of equity and common but differentiated responsibilities and respective capabilities.

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Exam Prep: AIEEE , Bank Exams , CAT

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