Indian Economy Structure: Solved 23 Indian Economy Structure Questions and answers section with explanation for various online exam preparation, various interviews, Logical Reasoning Category online test. Category Questions section with detailed description, explanation will help you to master the topic.
Indian Economy Structure Questions
1. Which institution in India acts as the 'lender of the last resort'?
Lender of last resort' is an institution usually a country's central bank, that offers loans to banks or other eligible institutions that are considered highly risky or near collapse. In India, RBI acts as 'Lender of last resort'.
Agriculture is the mainstay of the Indian economy because of its high share in employment and livelihood creation. It is also an important source of raw material and demand for many industrial products, particularly fertilizers, pesticides, agricultural implements and a variety of consumer goods.
National Income is the total economic activity(production of finished goods and services calculated in monetary value) within the economic territory of a country by its residents during the year of accounting. In other words, national Income of a country is the Net National product at factor cost.
5. Which among the following is known as 'Hot money'?
FII (Foreign institutional investor) is known as hot money. Hot money is the currency that moves regularly and quickly between financial markets so investors ensure they are getting the highest short term interest rates available.
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