Practice Question and Answer
8 Q: If a country produces consumer goods only and nothing else, then-
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6511572f10a18f5082fb1afd- 1Standard of living will be highestfalse
- 2The country have certain amount of goodfalse
- 3The country will soon become poor if external trade will not happentrue
- 4The country will gradually become rich if external trade will not happenfalse
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Answer : 3. "The country will soon become poor if external trade will not happen"
Explanation :
If any country will produce only consumer good, then gradually the country will become poor as there will be no exchange of other goods and the economy of that country will highly be affected.
Q: The Expenditure on advertisement and public relation by an enterprise is a part of its-
503 06511562110a18f5082fb17d4
6511562110a18f5082fb17d4- 1Consumption of fined capitalfalse
- 2Final consumption Expenditurefalse
- 3Intermediate Consumptiontrue
- 4Fined Capitalfalse
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Answer : 3. "Intermediate Consumption"
Explanation :
The Advertisement and public relations of selling expenses are part of intermediate consumption.
Q: Forced saving refers to-
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6511558410a18f5082fb144e- 1Compulsory deposits imposed on income tax payersfalse
- 2Provident fund contribution of private sector employeesfalse
- 3Reduction of consumption consequent to a rise in pricetrue
- 4Taxes on individual income and wealthfalse
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Answer : 3. "Reduction of consumption consequent to a rise in price"
Explanation :
According to Nobel Prize winner Frederick Wan, Forced Saving in an economic situation in which consumer spend less than their disposable income, not because they want to save but because the goods they seek are not avoidable or because goods are too expensive.
Q: Moved by the Swadeshi Movement, ______ painted his famous image of Bharat Mata portraying her as an ascetic figure.
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64a693b9b394764d11b61852- 1Satyendranath Tagorefalse
- 2Abanindranath Tagoretrue
- 3Jyotirindranath Tagorefalse
- 4Dwijendranath Tagorefalse
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Answer : 2. "Abanindranath Tagore"
Explanation :
1. Inspired by the Swadeshi movement, Abanindranath Tagore painted his famous image of Mother India, in which she is depicted as an ascetic figure.
2. A nephew of the Indian poet and artist Rabindranath Tagore, Abanindranath was exposed to the artistic inclinations of the Tagore family at an early age.
Q: Which of the following books was written by James Mill, a Scottish economist, in 1817?
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64a6928565d2524cbf107cd9- 1Poverty and Un-British Rule in Indiafalse
- 2A Passage to Indiafalse
- 3The History of British in Indiatrue
- 4The Great Mutinyfalse
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Answer : 3. "The History of British in India"
Explanation :
1. 'The History of British India' is a book written by Scottish economist James Mill in 1817.
Q: Which of the following books is written by Rajendra Prasad?
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64a69115aa4c004ce3218ed7- 1India Dividedtrue
- 2An Autobiography: Towards Freedomfalse
- 3The Discovery of Indiafalse
- 4Glimpses of World Historyfalse
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Answer : 1. "India Divided"
Explanation :
1. The book titled India Divided is written by Rajendra Prasad.
2. Rajendra Prasad was an Indian independence activist, lawyer and scholar. He was also the first President of India from 1950 to 1962.
Q: Which of the following concepts implies that sustainable development should take a holistic approach towards notions of progress and give equal importance to non-economic aspects of wellbeing?
755 064a69065aa4c004ce3218d63
64a69065aa4c004ce3218d63- 1Gross Domestic Productfalse
- 2Gross National Productfalse
- 3Gross National Happinesstrue
- 4Net National Productfalse
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Answer : 3. "Gross National Happiness"
Explanation :
1. Gross Domestic Product (GDP) is the standard measure of value added created through the production of goods and services in a country during a given period.
2. It also measures the income earned from that production or the total amount spent on final goods and services (less imports).
Q: The Kamakhya Temple is located in ______.
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64a68fdfdc607a4d2b2ca629- 1Guwahatitrue
- 2Kohimafalse
- 3Imphalfalse
- 4Agartalafalse
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Answer : 1. "Guwahati"
Explanation :
1. Kamakhya Temple is a Hindu temple located on the Neelachal Hills in Guwahati, Assam.
2. This temple is dedicated to Goddess Kamakhya, it is one of the oldest and most revered centers of Tantric practices.
3. This temple is the center of Kulachar Tantra Marg and the venue of Ambubachi Mela

