Indian Economy Questions Practice Question and Answer
8 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: The Views of eminent economist Robert Malthus on Population is–
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6336e6382ff7535af686daa3- 1Pessimistictrue
- 2Optimisticfalse
- 3Both (a) and (b)false
- 4None of the abovefalse
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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: 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: Of the following land uses, which is restricted to Special Economic Zones?
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601241da7fb81d03bf8160cd- 1Information Technology Companiesfalse
- 2Free Trade Centrestrue
- 3Educational Institutionsfalse
- 4Marketing Centresfalse
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Answer : 2. "Free Trade Centres"
Q: Which of the following ministry has Launched Mobile Application “ Jan Dhan Darshak” as A Part of Financial Inclusion?
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62e3b4ff723ac56e88648649- 1Finance Ministrytrue
- 2Ministry of Consumer Affairs, Food and Public Distributionfalse
- 3Ministry of Human Resource Developmentfalse
- 4Ministry of Parliamentary Affairsfalse
- 5Ministry of Commerce and Industryfalse
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Answer : 1. "Finance Ministry"
Explanation :
Department of Financial Services (DFS), Ministry of Finance and National Informatics Centre (NIC) has jointly developed a mobile app called Jan Dhan Darshak as a part of financial inclusion (FI) initiative .
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.
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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