Indian Economy Questions Practice Question and Answer
8 Q: Labour Intensive Technique would get chosen in a–
1175 06336e53793021d4ee41b0a34
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: What is the percentage of the female population according to the 2011 census?
1172 06037604024cd273bc4f5049a
6037604024cd273bc4f5049a- 142.53 %false
- 240.53 %false
- 348.53 %true
- 445.53 %false
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Answer : 3. "48.53 % "
Q: ‘Functional Finance’ is associated with–
1167 060124089af82aa3010a65a68
60124089af82aa3010a65a68- 1Abba ‘P’ Lernertrue
- 2Adolph Wognerfalse
- 3Adam Smithfalse
- 4Adamsfalse
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Answer : 1. "Abba ‘P’ Lerner "
Q: Rent is a cost paid for–
1155 06336e30b5c208a6bf71b48c9
6336e30b5c208a6bf71b48c9- 1Landtrue
- 2Restaurantfalse
- 3Buildingfalse
- 4Factoryfalse
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Answer : 1. "Land "
Explanation :
Explain: -Rent is a cost paid for land as wages and interest are paid for labour and capital respectively.
Q: The financial year in the Indian economy runs from ______.
1149 064107095b34a0b67fcdc5b97
64107095b34a0b67fcdc5b97- 11 January to 31 Mayfalse
- 21 April to 30 Junefalse
- 31 June to 31 Marchfalse
- 41 April to 31 Marchtrue
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Answer : 4. "1 April to 31 March"
Q: Which one of the following taxes is not a direct tax?
1142 06042035a5eea8b66535f2351
6042035a5eea8b66535f2351- 1Sales taxtrue
- 2Estate dutyfalse
- 3Gift taxfalse
- 4Wealth taxfalse
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Answer : 1. "Sales tax "
Q: Banks and other financial institutions in India are required to maintain a certain amount of liquid assets like cash, precious metals and other short term securities as a reserve all the time. In Banking World this is known as–
1139 0601250b62a5c813e15774c12
601250b62a5c813e15774c12- 1PLRfalse
- 2Fixed Assetfalse
- 3SLRfalse
- 4CRRtrue
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Answer : 4. "CRR "
Q: The best Example of capital intensive industry in India is-
1132 0632c4aff1656651c9ea35b9e
632c4aff1656651c9ea35b9e- 1Textile industryfalse
- 2Steel industrytrue
- 3Tourism industryfalse
- 4Spare goods industry.false
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Answer : 2. "Steel industry "
Explanation :
Explain: -Intensive industry are those industries which need large amount of capital for investment.