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Economics - Questions and Answers

Practice questions on Economics.

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611. Which of the following is correctly marched ?
A. NABARD - Industrial finance
B. IDBI - Short term finance
C. RRBs - Long term Credit
D. RBI - Refinance of Food Loans
Explanation:
612. A socialist state is the one in which there is
A. only private ownership of the factors of production
B. monopoly ownership only
C. only state and collective ownership of means of production
D. only joint ownership of the means of production
Explanation:
613. Given below are two statements labelled as Assertion (A) and Reason (R) in the context of the statements, which of the following is correct ?Assertion (A) : The tertiary sector of the Indian economy had the fastest rate of growth among various sectors of the Indian economy.Reason (R) : Rates of investment and technological innovations were the fastest in the tertiary sector.
A. Both A and R are true and R is the correct explanation of A.
B. Both A and R are true but R is the not the correct explanation of A.
C. A is true but R is false.
D. A is false but R is true.
Explanation:
614. How many Banks were nationalised in 1969 ?
A. 6
B. 8
C. 14
D. 20
Explanation:
615. Given below are two statements labelled as Assertion (A) and Reason (R) in the context of the statements, which of the following is correct ?Assertion (A) : New Industrial Policy of 1991 reduces the list of industries reserved for public sector from 17 to 18.Reason (R) : Policy for sick public enterprices is to be the same as that for private sectors.
A. Both A and R are true and R is the correct explanation of A.
B. Both A and R are true but R is the not the correct explanation of A.
C. A is true but R is false.
D. A is false but R is true.
Explanation:
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