Indian Economy Questions Practice Question and Answer
8 4 Q:
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6336e53793021d4ee41b0a34 Answer : 1. "Labour Surplus Economy"
Q: In which account will the expenditure on the installation of new machinery be disbursed?
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5fb7b371e7381019a0b886e8- 1Cash accountfalse
- 2Machinery Accounttrue
- 3Profit or lossfalse
- 4Installation expense accountfalse
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Answer : 2. "Machinery Account"
Q: Inflation in India is measured on which of the following indexes / indicators?
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6023ed55e4d6c265698f905a- 1Gross Domestic Product (GDP)false
- 2Wholesale Price Index (WPI)true
- 3Cost of Living Index (CLI)false
- 4Consumer Price Index (CPI)false
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Answer : 2. "Wholesale Price Index (WPI)"
Q: Which of the following is not a state tax?
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60a36e68d3afc7379b0c22e2- 1Wealth Taxtrue
- 2Excise duty on liquorfalse
- 3Sales Taxfalse
- 4Professional Taxfalse
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Answer : 1. "Wealth Tax "
Q: The first oil refinery in India was established
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5f9fba0f33d1d86b9ab0fd44- 1Baraunifalse
- 2Visakhapatnamfalse
- 3Digboitrue
- 4Mumbaifalse
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Answer : 3. "Digboi"
Q: The state which stands first in per capita income is
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6144875a7e5f4f439c3fc46c- 1Biharfalse
- 2Maharashtratrue
- 3Punjabfalse
- 4Keralafalse
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Answer : 2. "Maharashtra "
Q: India's first - ever national police museum will establish in which city?
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614487db7e5f4f439c3fc5f2- 1Nagpurfalse
- 2Kolkatafalse
- 3Chennaifalse
- 4Delhitrue
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Answer : 4. "Delhi "
Q: _____ is the primary sector of the Indian economy.
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60f7b99416158a5eeda86c64- 1Bankingfalse
- 2Information and Technologyfalse
- 3Agriculturetrue
- 4Judiciaryfalse
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Answer : 3. "Agriculture"
Q: Labour Intensive Technique would get chosen in a–
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6336e53793021d4ee41b0a34- 1Labour Surplus Economytrue
- 2Capital Surplus Economyfalse
- 3Developed Economyfalse
- 4Developing Economyfalse
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Answer : 1. "Labour Surplus Economy"
Explanation :
Expl:- Labour Intensive Technique will be chosen in Labour Surplus Economy because in such economy labour cost is low.
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