Indian Economy Questions Practice Question and Answer

Q:

The Views of eminent economist Robert Malthus on Population is–

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  • 1
    Pessimistic
    Correct
    Wrong
  • 2
    Optimistic
    Correct
    Wrong
  • 3
    Both (a) and (b)
    Correct
    Wrong
  • 4
    None of the above
    Correct
    Wrong
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Answer : 1. "Pessimistic "
Explanation :

The Malthusian theory explained that the human population grows more rapidly than the food supply until famines, war or disease reduces the population. He believed that the human population has risen over the past three centuries.

Q:

Where is the national center of organic Fertilizer production?

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

Q:

The Micro, Small and Medium Enterprises Development Act was passed in the year ____.    

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  • 1
    2002
    Correct
    Wrong
  • 2
    2006
    Correct
    Wrong
  • 3
    2004
    Correct
    Wrong
  • 4
    2008
    Correct
    Wrong
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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:

India's first - ever national police museum will establish in which city?

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  • 1
    Nagpur
    Correct
    Wrong
  • 2
    Kolkata
    Correct
    Wrong
  • 3
    Chennai
    Correct
    Wrong
  • 4
    Delhi
    Correct
    Wrong
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Answer : 4. "Delhi "

Q:

In a economy “Development Stage” means-

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  • 1
    Starting of steadily increasing economy
    Correct
    Wrong
  • 2
    Bad economy
    Correct
    Wrong
  • 3
    Economy is on the verge of destroying
    Correct
    Wrong
  • 4
    All tariff to be removed.
    Correct
    Wrong
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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 curve shows the inverse relationship between unemployment and inflation rates?

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  • 1
    Phillips curve
    Correct
    Wrong
  • 2
    Indifference curve
    Correct
    Wrong
  • 3
    IS curve
    Correct
    Wrong
  • 4
    Supply curve
    Correct
    Wrong
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Answer : 1. "Phillips curve "

Q:

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

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  • 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"

Q:

UNDP prepares–

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  • 1
    Human Development Index
    Correct
    Wrong
  • 2
    Standard of Living Index
    Correct
    Wrong
  • 3
    Index Number of Price Level
    Correct
    Wrong
  • 4
    Physical Quality Index
    Correct
    Wrong
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Answer : 1. "Human Development Index"

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