Indian Economy Questions Practice Question and Answer

Q:

Which of the following is not investment  expenditure in good and servies?

1616 0

  • 1
    Purchase of a house
    Correct
    Wrong
  • 2
    Purchase of a machinery
    Correct
    Wrong
  • 3
    Expansion of the main plant of a company
    Correct
    Wrong
  • 4
    An increases in business inventories
    Correct
    Wrong
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Answer : 1. "Purchase of a house"

Q:

Values of total goods and services produced in a country is its _____.

1615 0

  • 1
    Gross Revenue Income
    Correct
    Wrong
  • 2
    Gross Domestic Product
    Correct
    Wrong
  • 3
    Total Goods Revenue
    Correct
    Wrong
  • 4
    Total Income
    Correct
    Wrong
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Answer : 2. "Gross Domestic Product "

Q:

Economic survey is published by 

1605 0

  • 1
    Ministry of Finance
    Correct
    Wrong
  • 2
    Planning commission
    Correct
    Wrong
  • 3
    Government of India
    Correct
    Wrong
  • 4
    Indian Statistical Institute
    Correct
    Wrong
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Answer : 1. "Ministry of Finance "

Q:

Demand for labour is–

1605 1

  • 1
    Composite demand
    Correct
    Wrong
  • 2
    Competitive demand
    Correct
    Wrong
  • 3
    Derived demand
    Correct
    Wrong
  • 4
    Joint demand
    Correct
    Wrong
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Answer : 3. "Derived demand "

Q:

Who among the following promotes social justice?

1597 0

  • 1
    Herald Laski
    Correct
    Wrong
  • 2
    John Keynes
    Correct
    Wrong
  • 3
    John Rowles
    Correct
    Wrong
  • 4
    All of the above
    Correct
    Wrong
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Answer : 3. "John Rowles "

Q:

Where is the national center of organic Fertilizer production?

1586 0

  • 1
    Hyderabad
    Correct
    Wrong
  • 2
    Ghaziabad
    Correct
    Wrong
  • 3
    Nellore
    Correct
    Wrong
  • 4
    Dehradun
    Correct
    Wrong
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Answer : 2. "Ghaziabad"

Q:

A ____________ occurs when a government's total expenditures exceed the revenue that it generates, excluding money from borrowings.

1586 0

  • 1
    Current Account Deficit
    Correct
    Wrong
  • 2
    Budgetary Deficit
    Correct
    Wrong
  • 3
    Revenue Deficit
    Correct
    Wrong
  • 4
    Fiscal Deficit
    Correct
    Wrong
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Answer : 4. "Fiscal Deficit"

Q:

A discount given for the purpose of increasing sales is called-

1584 0

  • 1
    Commercial leave
    Correct
    Wrong
  • 2
    Cash discount
    Correct
    Wrong
  • 3
    Discount received
    Correct
    Wrong
  • 4
    None of these
    Correct
    Wrong
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Answer : 1. "Commercial leave"

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