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 Indian Economy Questions

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Q:

What is the India’s GDP growth predict for Financial Year 2017-18, according to the Economic Survey of India (ESI) 2016-17 ?

A) 6.25 % to 7.5% B) 6.55 % to 7.25%
C) 6.55 % to 7.5% D) 6.75 % to 7.5%
 
Answer & Explanation Answer: D) 6.75 % to 7.5%

Explanation:

The Economic Survey for 2016-17, which is recently tabled by Finance Minister Arun Jaitley in Parliament, has expected India’s GDP growth estimation to be in 6.75 % to 7.5% for Financial Year 2017-18.

 

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13 4759
Q:

' Samjhauta Express ' runs between which of the following two stations

A) New Delhi - Wagah B) New Delhi - Lahore
C) Amritsar - Wagah D) Amritsar - Lahore
 
Answer & Explanation Answer: B) New Delhi - Lahore

Explanation:
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9 4721
Q:

Micro Credit or Micro Finance is a novel approch to banking with the poor. In this approach bank credit is extended to the poor through:

A) Self Help Groups B) Anganwadi
C) Co- operative Credit Societies D) Reserve Bank of India
 
Answer & Explanation Answer: A) Self Help Groups

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2 4713
Q:

The Korba coalfield is located in

A) Orissa B) West Bengal
C) Chhttisgarh D) Assam
 
Answer & Explanation Answer: C) Chhttisgarh

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3 4666
Q:

Which one of the following is NOT a characteristic of the population of a developed country

A) Low birth rate and low death rate B) High birth and high death rate
C) high proportion of urban population D) low growth rate of population
 
Answer & Explanation Answer: B) High birth and high death rate

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3 4620
Q:

Bharat Nirman Programme does not cover which of the following areas

A) Rural housing B) Rural water supply
C) Irrigation facilities D) Rural Employment
 
Answer & Explanation Answer: D) Rural Employment

Explanation:
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6 4619
Q:

India has emerged as the _______largest aviation market in the world with a passenger traffic of over 10 crore reported for 2016-17.

A) 1st B) 2nd
C) 3rd D) 4th
 
Answer & Explanation Answer: C) 3rd

Explanation:

The central government has said that India has emerged as the 3rd largest aviation market in the world with a passenger traffic of over 10 crore reported for 2016-17. This was stated by minister of state for civil aviation Jayant Sinha at a media event on the achievements of the ministry of civil aviation on the completion of three years of the NDA government.

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10 4539
Q:

Fiscal Policy is concerned with

A) Government Spending and Taxation B) Money Supply
C) Government Spending, Money Supply and Taxation D) Taxation
 
Answer & Explanation Answer: A) Government Spending and Taxation

Explanation:

The two most widely recognized tools used to influence a Nation's Economic activity are Monetary policy and Fiscal policy.

 

    • Monetary policy is primarily concerned with the management of interest rates and the total supply of money in circulation and is generally carried out by central banks

 

    • Fiscal policy is the collective term for the taxing and spending actions of governments.

 

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