Indian Economy Questions Practice Question and Answer
8 4 Q:
5f9fc90033d1d86b9ab17635 4 Q:
5f435f2c97c6dd29b38e4c31 4 Q:
601bc4847c5c886562ae88c5 Answer : 2. "8.0% to 8.5%"
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5ec37b5e980ff60a66bdf329 4 Q:
6336e8b55c208a6bf71b7807 4 Q:
5f437c5d77e1d45e845c02fc 4 Q:
60939266b8018e6486aedf6b
Q: Who gave priority to the Second Five Year Plan?
1322 05f9fc90033d1d86b9ab17635
5f9fc90033d1d86b9ab17635- 1Agriculturefalse
- 2Servicesfalse
- 3Heavy Industriestrue
- 4Foreign Tradefalse
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Answer : 3. "Heavy Industries"
Q: Real national income denotes.
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5f435f2c97c6dd29b38e4c31- 1Per capital incomefalse
- 2National income at constant pricestrue
- 3National income at current pricesfalse
- 4Net factor incomefalse
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Answer : 2. "National income at constant prices"
Q: As per estimates of the Planning Commission of India the target growth rate of 12th Five-Year Plan is set to
1322 0601bc4847c5c886562ae88c5
601bc4847c5c886562ae88c5- 17 to 8%false
- 28.0% to 8.5%true
- 39% to 9.5%false
- 410 to 10.5%false
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Answer : 2. "8.0% to 8.5%"
Explanation :
The Approach Paper has proposed a target of 8 per cent growth for the Twelfth Plan. Health, education and skill development, environment and natural resources, and infrastructure development were the focus areas of the Twelfth Plan.
Q: At present, what kind of unemployment problem remains a very serious problem in the country?
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5f62def583fe9a4cdd3adc98- 1Rural unemploymentfalse
- 2Urban unemploymentfalse
- 3Educated unemploymenttrue
- 4Open unemploymentfalse
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Answer : 3. "Educated unemployment "
Q: Economic survey is published by
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5ec37b5e980ff60a66bdf329- 1Ministry of Financetrue
- 2Planning commissionfalse
- 3Government of Indiafalse
- 4Indian Statistical Institutefalse
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Answer : 1. "Ministry of Finance "
Q: Which of the following statements is correct?
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6336e8b55c208a6bf71b7807- 1Most workers will work for less than their reservation wagefalse
- 2The reservation wage is the maximum amount of any firm will pay for a workerfalse
- 3Economic rent is the difference between the market wage and the reservation wagetrue
- 4Economic rent is the amount one must pay to enter a desirable labour marketfalse
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Answer : 3. "Economic rent is the difference between the market wage and the reservation wage"
Q: Values of total goods and services produced in a country is its _____.
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5f437c5d77e1d45e845c02fc- 1Gross Revenue Incomefalse
- 2Gross Domestic Producttrue
- 3Total Goods Revenuefalse
- 4Total Incomefalse
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Answer : 2. "Gross Domestic Product "
Q: Who among the following formulates the monetary policy in India?
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60939266b8018e6486aedf6b- 1Finance Commission of Indiafalse
- 2Reserve Bank of Indiatrue
- 3NITI Aayogfalse
- 4The Ministry of Statistics and Programme Implementationfalse
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Answer : 2. "Reserve Bank of India "
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