Indian Economy Questions Practice Question and Answer
8 Q: The Micro, Small and Medium Enterprises Development Act was passed in the year ____.
1583 15fe2e3034c864b4aa0e43f83
5fe2e3034c864b4aa0e43f83- 12002false
- 22006true
- 32004false
- 42008false
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Answer : 2. "2006"
Explanation :
Notification for enforcement of MSME Act, 2006, The Provisions of the Micro, Small and Medium Enterprises Development Act, 2006 (27 of 2006) shall come into force from 2nd October, 2006.
Q: Which of the following region contributes most to India's GDP?
1582 05f62de88d00d384a6bc04acd
5f62de88d00d384a6bc04acd- 1primary sectorfalse
- 2Secondary sectorfalse
- 3Tertiary sectortrue
- 4None of thesefalse
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Answer : 3. "Tertiary sector "
Q: Which curve shows the inverse relationship between unemployment and inflation rates?
1580 05f572460c1a5d57a18308e06
5f572460c1a5d57a18308e06- 1Phillips curvetrue
- 2Indifference curvefalse
- 3IS curvefalse
- 4Supply curvefalse
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Answer : 1. "Phillips curve "
Q: Real national income denotes.
1580 05f435f2c97c6dd29b38e4c31
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: Which of the following is not a state tax?
1579 060a36e68d3afc7379b0c22e2
60a36e68d3afc7379b0c22e2- 1Wealth Taxtrue
- 2Excise duty on liquorfalse
- 3Sales Taxfalse
- 4Professional Taxfalse
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Answer : 1. "Wealth Tax "
Q: Which of the following country is not included in the category of top-5 gold holder countries of the world?
1572 061b765e38fe2311103b0980e
61b765e38fe2311103b0980e- 1Chinatrue
- 2Americafalse
- 3Germanyfalse
- 4Italyfalse
- 5None of thesefalse
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Answer : 1. "China"
Q: In a economy “Development Stage” means-
1571 0650aa44d7335765064543b6c
650aa44d7335765064543b6c- 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
Q: Which Bank has launched its Multi Option Payment Acceptance Device (MOPAD) for digital payments?
1565 16182342535a48953d117847b
6182342535a48953d117847b- 1PNBfalse
- 2SBItrue
- 3HDFCfalse
- 4Yes Bankfalse
- 5ICICIfalse
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