Indian Economy Questions Practice Question and Answer
8 Q: The best Example of capital intensive industry in India is-
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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.
Q: The Social Accounting system in India is classified into–
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6336e27130141c336c3a222e- 1Assets, Liabilities and Debt Positionfalse
- 2Public sector, Private Sector and Joint Sectorfalse
- 3Income, Product and Expendituretrue
- 4Enterprise, Households and Governmentfalse
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Answer : 3. "Income, Product and Expenditure"
Explanation :
Explain: -The Social Accounting system in India is classified into income, Product and Expenditure Social accounting (also known as social accounting and auditing, social accountability, social and environmental accounting, corporate social reporting, corporate social responsibility reporting, non-financial reporting or accounting) is the process of communicating the social and environmental effects of organizations.
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: The financial year in the Indian economy runs from ______.
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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: With which form of economy is the term ‘Laissez-Faire’ associated?
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6336e8442ff7535af686e2b5- 1Capitalist Economytrue
- 2Socialist Economyfalse
- 3Mixed Economyfalse
- 4Command Economyfalse
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Answer : 1. "Capitalist Economy"
Q: Rent is a cost paid for–
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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: 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–
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601250b62a5c813e15774c12- 1PLRfalse
- 2Fixed Assetfalse
- 3SLRfalse
- 4CRRtrue
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Answer : 4. "CRR "
Q: Who has been appointed as acting chief justice of the Madras High Court with effect from September 22, 2022?
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6336ebd230141c336c3a58f5- 1M Duraiswamyfalse
- 2T Rajatrue
- 3D.Y. Chandrachudfalse
- 4Sanjay Kishan Kaulfalse
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