Indian Economy Questions Answers

• 50. Which one among the following formulates the fiscal policy in India ?

  1. Planning Commission
  2. Finance Commission
  3. The Reserve Bank of India
  4. Ministry of Finance

  Answer And Explanation

  Answer: Option D

  Explanation:

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• 51. In India paper currency started in ?

  1. 1860
  2. 1861
  3. 1862
  4. 1863

  Answer And Explanation

  Answer: Option B

  Explanation:

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• 52. Devaluation of currency leads to ?

  1. fall in domestic prices
  2. increase in domestic prices
  3. cant be predicted
  4. None of above

  Answer And Explanation

  Answer: Option B

  Explanation:

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• 53. India earns maximum foreign exchange by the export of ?

  1. Iron
  2. Handloom
  3. Texttiles
  4. Tea

  Answer And Explanation

  Answer: Option D

  Explanation:

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• 54. Which is the most important source of income for Government of India ?

  1. Interest
  2. Licence fee
  3. Income tax
  4. Excise duty

  Answer And Explanation

  Answer: Option D

  Explanation:

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• 55. The mineral in which India depends largely on imports is

  1. Iron Ore
  2. Bauxite
  3. Mica
  4. Mercury

  Answer And Explanation

  Answer: Option D

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• 56. National Rural Development Institute is situated at ?

  1. Delhi
  2. Shimla
  3. Hyderabad
  4. Mumbai

  Answer And Explanation

  Answer: Option C

  Explanation:

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