Indian Economy Questions Practice Question and Answer
8 Q: National Insurance Awareness Day was observed on which day?
1029 061b1f27545c0db34860a8736
61b1f27545c0db34860a8736- 126 Junefalse
- 227 Junefalse
- 328 Junetrue
- 429 Junefalse
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Answer : 3. "28 June"
Q: Small farmers are defined in the country as those farmers who have holding area-
1008 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 of the following Economic survey was also famous as Pink Economic survey?
1002 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: The Views of eminent economist Robert Malthus on Population is–
1000 06336e6382ff7535af686daa3
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: Which is one of the factors of subsistence used to measure the Poverty Line in India?
977 060b9f4b641fbe04381679f34
60b9f4b641fbe04381679f34- 1Equalityfalse
- 2Educationtrue
- 3Internetfalse
- 4Transportationfalse
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Answer : 2. "Education"
Q: The best Example of capital intensive industry in India is-
974 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.
Q: The Social Accounting system in India is classified into–
973 06336e27130141c336c3a222e
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: With which form of economy is the term ‘Laissez-Faire’ associated?
954 06336e8442ff7535af686e2b5
6336e8442ff7535af686e2b5- 1Capitalist Economytrue
- 2Socialist Economyfalse
- 3Mixed Economyfalse
- 4Command Economyfalse
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