Indian Economy Questions Answers

  • 29. India stands first in production of pulses ?

    1. True
    2. False
    Answer :

    Option A

  • 30. When was new rupee symbol was selected by Union Cabinet ?

    1. July 10, 2010
    2. July 15, 2010
    3. July 10, 2011
    4. July 15, 2011
    Answer :

    Option B

  • 31. In India, Inflation measured by the :

    1. National Income Deflation
    2. Wholesale Price Index number
    3. Consumer Price Index
    4. None of above
    Answer :

    Option C

  • 32. What is FEMA ?

    1. First Exchange Management Act
    2. Foreign Exchequer Management Act
    3. Foreign Exchange Management Act
    4. Foreign Evaluation Management Act
    Answer :

    Option C

    Explanation:

    FEMA is Foreign Exchange Management Act, it came into force in July 2000. It replaced Foreign Exchange Regulation Act 1973.

  • 33. Approx __ % of Indian population is still Agriculturist.

    1. 46%
    2. 50%
    3. 58%
    4. 64%
    Answer :

    Option C

  • 34. India is the largest milk producing country in the world .

    1. True
    2. False
    Answer :

    Option A

  • 35. Industrial Finance Corporation of India (IFCI) was established in :

    1. 1946
    2. 1947
    3. 1948
    4. 1949
    Answer :

    Option C

    Explanation:

    Industrial Finance Corporation of India (IFCI) was established in 1948,
    Its main functions are Project Finance and Promotional services.

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