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DescriptionNATURE OF INDIAN ECONOMY QUESTIONS and Answers exams contains the questions from various competitive exams.These questions are the part of previous year paper.These kind of questions would be helpful in preparing for exams like IAS, PCS, UPSC, NDA, CDS SSC, RRB, PSC, IBPS

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Question: What is "NIKKEI"?

Answer:Share Price Index of Tokyo Share Market

Question: Minimum Support Price is decided by _______?


Question: Which of the following countries emerged in 2011 as top donors to Indian N.G.Os ?

Answer:UK and USA

Question: Which of the following raw materials is needed for the manufacturing of cement ?

Answer:All of the above

Question: It will be true to classify India as:

Answer:A labour surplus economy

Question: Mention the correct abbreviation for ATM:

Answer:Automated Teller Machine

Question: SIMBEX is an annual joint maritime bilateral exercise conducted between:

Answer:India and Singapore

Question: Sarva Siksha Abhiyan covers -

Answer:All children in age group 6-14

Question: Dewas is famous for its-

Answer:Printing of currency notes

Question: Oil content in Soyabean gain is:


Question: Which of the following countries is the third largest producer and consumer of fertilizer in the world


Question: Sustainable development is described as the development that meets the needs of the present without compromising the ability of future generations to meet their own needs. In this perspective, inherently the concept of sustainable development is intertwined with which of the following concepts?

Answer:Carrying capacity

Question: Which of the following terms indicates a mechanism used by commercial banks for providing credit to the government?

Answer:Statutory Liquidity Ratio

Question: In the context of Indian economy, consider the following pairs:
Term :Most appropriate description
1. Melt down :Fall in stock prices
2. Recession :Fall in growth rate
3. Slow down :Fall in GDP

Which of the pairs given above is/are correctly matched?

Answer:1 only

Question: When the Reserve Bank of India announces an increase of the Cash Reserve Ratio, what does it mean?

Question: Consider the following statements:
In India, taxes on transactions in Stock Exchanges and Futures Markets are
1. levied by the Union
2. collected by the State

Which of the statements given above is/are correct?

Answer:1 only

Question: A "closed economy" is an economy in which

Answer:neither exports nor imports take place

Question: Devaluation of Mudra-

Answer:increases the exports and decreases the imports of a country

Question: Dinar is the currency of which of the following countries ?


Question: Inflation is measured in India on the basis of :

Answer:Wholesale price index