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Welcome to our comprehensive guide on Indian Economy questions for SSC and Competitive Exams! The Indian economy is a dynamic and complex subject that plays a pivotal role in various competitive examinations.
Most Common GK Questions and Answers are a collection of frequently asked general knowledge questions and their corresponding answers. These Common GK Questions cover a broad range of topics such as history, geography, science, literature, sports, and current affairs.
India's economy is diverse, with agriculture, manufacturing, and services being the major sectors. Agriculture has traditionally been a significant contributor to the Indian economy, with a large population dependent on it for their livelihoods. The manufacturing sector has seen significant growth in recent years, particularly in areas such as automobiles,
The Indian economy is the 6th largest in the world, measured by nominal GDP and the 3rd largest by purchasing power parity. It is characterized by a mixed economy, where the public sector coexists with the private sector, and the agriculture, services, and manufacturing sectors play important roles.
This is a General Economics Quiz with Answers for all students studying for Competitive Exams. Play it out if you're one of them. Economics is a Social Science that studies the production, distribution, and consumption of goods.
Explore your knowledge of the Economics GK by solving the questions and answers provided below within the article. In the majority of styles of competitive exams; Here, we've got compiled quite questions on the various sections of the Indian Economy and Economics GK that will be very useful for UPSC, PSC, SSC, CDS, and others.
Indian Economy GK has its own special place in General Knowledge in SSC CGL Exam. The Economy of India is a middle-income developing market economy. It is the fifth-largest economy in the world by nominal GDP and the third-largest by purchasing power parity (PPP).
Indian Economy General Knowledge defines the current profitable situation of any country. Every country has its profitable programs to determine the budget and fiscal policy for the growth of the country.
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The Relationship between rate of interest and consumption level was firstly estimated by–
22 0 650ad9d0cb11fc5036ce9d90- 1Amartya Senfalse
- 2Milton Freedmantrue
- 3Irwing Fischerfalse
- 4James Duezan Berryfalse
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Answer : 2 Milton Freedman
Explanation :
Explain: -With increase in rate of interest there is decrease in consumption level i.e. there is inverse relation between rate of interest and consumption level.
- 1Abhraham Linconfalse
- 2Benzamin Frankllinfalse
- 3J.F. Kennedyfalse
- 4Roozwelttrue
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Answer : 4 Roozwelt
Explanation :
Explain: -New Deal definition. A group of government programs and policies established under President Franklin D. Roosevelt in the 1930s; the New Deal was designed to improve conditions for persons suffering in the Great Depression.
- 1Excess socialistic approach in societytrue
- 2To increase standard of livingfalse
- 3Equal distribution of incomefalse
- 4None of the abovefalse
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Answer : 1 Excess socialistic approach in society
Explanation :
Explain: -Making social welfare is the success of socialism
- 1Network Modelfalse
- 2Hierarchical Modeltrue
- 3Relational Modelfalse
- 4Multi-Dimenmoral Modelfalse
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Answer : 2 Hierarchical Model
Explanation :
Explain: -Hierarchical structures were widely used in the early mainframe database management system, such as the Information Management System
- 1Starting of steadily increasing economytrue
- 2Bad economyfalse
- 3Economy is on the verge of destroyingfalse
- 4All tariff to be removed.false
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Answer : 1 Starting of steadily increasing economy
Explanation :
Explain: -In economy “development stage” means starting of steadily increasing economy