Indian Economy

Q. Inflation is measured in India on the basis of which ‘Index’?

A
Consumer Price Index for urban workers
B
Wholesale Price Index
C
Consumer Price Index for agricultural workers
D
National income deflation

Correct Answer

Wholesale Price Index

More Questions on Indian Economy

  • Q. The Ministry and programme Implementation – as an independent Ministry came into existence on :
    A)January 15, 1998
    B)October 15, 1999
    C)September 15, 1999
    D)June 15, 1999
    Answer: October 15, 1999
  • Q. Deficit financing implies
    A)replacing new currency with worn out currency
    B)public expenditure in excess of public revenue
    C)printing new currency notes
    D)public revenue in excess of public expenditure
    Answer: public expenditure in excess of public revenue
  • Q. Regional rural banks I=have limited area of operation II=have free access to liberal refinance facilities from NABARD III=are required to lend only to weaker sections
    A)II, III
    B)I, III
    C)I, II, III
    D)I, II
    Answer: I, II
  • Q. The first Apparel Park in India has been established in:
    A)Tirupur (Tamil Nadu)
    B)Punalur (Kerala)
    C)Both A and B
    D)None of the above
    Answer: Tirupur (Tamil Nadu)
  • Q. Devaluation of a currency means
    A)reduction in external value/exchange value of currency by the government
    B)reduction in currency value due to wear and tear
    C)fall in exchange value of a country by market forces
    D)all of the above
    Answer: reduction in external value/exchange value of currency by the government
  • Q. In which of the following sequences the change in quantity of money leads to change in price level in the Keynesian models?
    A)Change in quantity of money - change in employment and output - change in investment - change in the rate of interest - change in price level
    B)Change in quantity of money - change in investment - change in employment and output - change in rate of interest - change in price level
    C)Change in quantity of money - change in investment - change in rate of interest - change in employment and output - change in price level
    D)Change in quantity of money - change in rate of interest - change in investment - change in employment and output - change in price level
    Answer: Change in quantity of money - change in rate of interest - change in investment - change in employment and output - change in price level
  • Q. The currency convertibility concept in its original form originated in
    A)Bretton Woods Agreement
    B)Taylors Agreement
    C)Wells Agreement
    D)None of the above
    Answer: Bretton Woods Agreement
  • Q. The currency convertibility concept in its original form originated in
    A)Bretton Woods Agreement
    B)Wells Agreement
    C)Taylors Agreement
    D)None of the above
    Answer: Bretton Woods Agreement
  • Q. Reserve Bank of India will soon release plastic notes in circulation will be of :
    A)Rs 20 notes
    B)Rs 100 notes
    C)Rs 50 notes
    D)Rs 10 notes
    Answer: Rs 10 notes
  • Q. Whose name is associated with formulation of planning strategy in Second five Year plan?
    A)Jawahar Lal Nehru
    B)Prasanta Chandra Mahalanobis
    C)Mahatma Gandhi
    D)B.R. Shenoy
    Answer: Prasanta Chandra Mahalanobis
  • Q. National expenditure includes
    A)investment expenditure
    B)government expenditure
    C)consumption expenditure
    D)All of the above
    Answer: All of the above
  • Q. In India the term Black Revolution is associated with:
    A)Nurturing the Black Soil
    B)Self-dependence in the production of petroleum crude oil
    C)Self-dependence in the production of coal
    D)Self-dependence in the production of balck corp
    Answer: Self-dependence in the production of petroleum crude oil
  • Q. Indian state with highest road length is:
    A)Uttar Pradesh
    B)Rajasthan
    C)Maharashtra
    D)Andhra Pradesh
    Answer: Maharashtra
  • Q. The ARDC is now a branch of the
    A)NABARD
    B)IDBI
    C)RBI
    D)SDBI
    Answer: NABARD
  • Q. The share of road transport in total transportation of the country is:
    A)70%
    B)75%
    C)60%
    D)80%
    Answer: 80%
  • Q. The first wholly Indian Bank was set up in
    A)1894
    B)1896
    C)1794
    D)1902
    Answer: 1894
  • Q. The central banking functions in India are performed by the I=Central Bank of India II=Reserve Bank of India III=State Bank of India IV=Punjab National Bank
    A)II
    B)I, II
    C)I
    D)II, III
    Answer: II
  • Q. In India, the first bank of limited liability managed by Indians and founded in 1881 was
    A)Oudh Commercial Bank
    B)Punjab National Bank
    C)Hindustan Commercial Bank
    D)Punjab and Sind Bank
    Answer: Oudh Commercial Bank
  • Q. In India, the second largest provider of employment after agriculture is:
    A)Chemical Sector
    B)Textile Sector
    C)Iron and Steel Sector
    D)Telecommunication sector
    Answer: Textile Sector
  • Q. Foreign Direct Investment ceiling in the telecom sector have been raised from 74 percent to
    A)83 percent
    B)80 percent
    C)90 percent
    D)100 percent
    Answer: 100 percent

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