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

  • 51. In India paper currency started in ?

    1. 1860
    2. 1861
    3. 1862
    4. 1863
    Answer And Explanation

    Answer: Option B

  • 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

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

    1. Iron
    2. Handloom
    3. Texttiles
    4. Tea
    Answer And Explanation

    Answer: Option D

  • 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

  • 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

  • 56. National Rural Development Institute is situated at ?

    1. Delhi
    2. Shimla
    3. Hyderabad
    4. Mumbai
    Answer And Explanation

    Answer: Option C