Indian Economy Questions Practice Question and Answer

Q:

Demand for labour is–

1698 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?

1690 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:

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

1689 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:

In Economics, buying an asset in one market and simultaneously selling an identical asset in another market at a higher price is termed as ____________.

1688 0

  • 1
    Depreciation
    Correct
    Wrong
  • 2
    Mortgage
    Correct
    Wrong
  • 3
    Devaluation
    Correct
    Wrong
  • 4
    Arbitrage
    Correct
    Wrong
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Answer : 4. "Arbitrage"

Q:

Which of the following is not a state tax? 

1683 0

  • 1
    Wealth Tax
    Correct
    Wrong
  • 2
    Excise duty on liquor
    Correct
    Wrong
  • 3
    Sales Tax
    Correct
    Wrong
  • 4
    Professional Tax
    Correct
    Wrong
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Answer : 1. "Wealth Tax "

Q:

Which of the following region contributes most to India's GDP?

1675 0

  • 1
    primary sector
    Correct
    Wrong
  • 2
    Secondary sector
    Correct
    Wrong
  • 3
    Tertiary sector
    Correct
    Wrong
  • 4
    None of these
    Correct
    Wrong
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Answer : 3. "Tertiary sector "

Q:

Which of the following country is not included in the category of top-5 gold holder countries of the world?

1671 0

  • 1
    China
    Correct
    Wrong
  • 2
    America
    Correct
    Wrong
  • 3
    Germany
    Correct
    Wrong
  • 4
    Italy
    Correct
    Wrong
  • 5
    None of these
    Correct
    Wrong
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Answer : 1. "China"

Q:

Economic survey is published by 

1668 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 "

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