Indian Economy Questions Practice Question and Answer
8 Q: With which form of economy is the term ‘Laissez-Faire’ associated?
1348 06336e8442ff7535af686e2b5
6336e8442ff7535af686e2b5- 1Capitalist Economytrue
- 2Socialist Economyfalse
- 3Mixed Economyfalse
- 4Command Economyfalse
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Answer : 1. "Capitalist Economy"
Q: Who has been appointed as acting chief justice of the Madras High Court with effect from September 22, 2022?
1333 16336ebd230141c336c3a58f5
6336ebd230141c336c3a58f5- 1M Duraiswamyfalse
- 2T Rajatrue
- 3D.Y. Chandrachudfalse
- 4Sanjay Kishan Kaulfalse
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Answer : 2. "T Raja "
Q: Small farmers are defined in the country as those farmers who have holding area-
1331 05f9fc879a00b420b05d536df
5f9fc879a00b420b05d536df- 1Less than one hectarefalse
- 2One to two hectarestrue
- 3two to three hectaresfalse
- 4three to four hectaresfalse
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Answer : 2. "One to two hectares"
Q: Which one of the following taxes is not a direct tax?
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6042035a5eea8b66535f2351- 1Sales taxtrue
- 2Estate dutyfalse
- 3Gift taxfalse
- 4Wealth taxfalse
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Answer : 1. "Sales tax "
Q: Amartya Sen was awarded the Noble Prize for his contribution to–
1314 06336e5cc30141c336c3a466b
6336e5cc30141c336c3a466b- 1Monetary Economicsfalse
- 2Welfare Economicstrue
- 3Econometricsfalse
- 4Development Economicsfalse
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Answer : 2. "Welfare Economics"
Explanation :
Explain: -For Welfare Economics and Social Choice Theory, Amartya Sen, in 1998 was awarded the Noble Prize. Welfare economics is a branch of economics that uses microeconomic techniques to evaluate well-being (welfare) at the aggregate (economy-wide) level. ... The field of welfare economics is associated with two fundamental theorems.
Q: Which of the following Economic survey was also famous as Pink Economic survey?
1300 061123f9688e0566940a28d1b
61123f9688e0566940a28d1b- 1Economic survey 2015-16false
- 2Economic survey 2016-17false
- 3Economic survey 2017-18true
- 4Economic survey 2019-2020false
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Answer : 3. "Economic survey 2017-18"
Q: What is the percentage of the female population according to the 2011 census?
1293 06037604024cd273bc4f5049a
6037604024cd273bc4f5049a- 142.53 %false
- 240.53 %false
- 348.53 %true
- 445.53 %false
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Answer : 3. "48.53 % "
Q: The basic characteristic of a capitalistic economy is–
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6042013672ea7a693838292c- 1absence of monopolyfalse
- 2large-scale production in primary industriesfalse
- 3full employmentfalse
- 4the private ownership of the means of productiontrue
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