Indian Economy Questions Practice Question and Answer

Q:

The interest in infrastructure is less because. 

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  • 1
    There is large invest in it
    Correct
    Wrong
  • 2
    There needs a desired project
    Correct
    Wrong
  • 3
    Time to finish the infrastructure is more
    Correct
    Wrong
  • 4
    Profit is gained after long time.
    Correct
    Wrong
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Answer : 4. "Profit is gained after long time."
Explanation :

Infrastructure refers to the basic physical and organizational structures, facilities, systems, and services that are necessary for the functioning of a society, economy, or organization. It encompasses a wide range of essential components, including

Q:

According to Kenz, the consumption function shows relation between. 

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  • 1
    Total Consumption and Total Population
    Correct
    Wrong
  • 2
    Total Consumption and Normal Price Rate
    Correct
    Wrong
  • 3
    Total Consumption and Total Income
    Correct
    Wrong
  • 4
    Total Consumption and Rate of Interest
    Correct
    Wrong
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Answer : 3. "Total Consumption and Total Income"
Explanation :

Explain: -The Consumption function shows relation between Total Consumption and Total Income. It shows that consumption and income are inversely related

Q:

According to whom second chamber is unnecessary & bad?

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  • 1
    Monkahour
    Correct
    Wrong
  • 2
    Bentham
    Correct
    Wrong
  • 3
    Seale
    Correct
    Wrong
  • 4
    Loosky
    Correct
    Wrong
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Answer : 2. "Bentham"

Q:

Who wrote the book 'Planned Economy for India'?

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  • 1
    M. Visvesvaraya
    Correct
    Wrong
  • 2
    Pt. Jawahar Lal Nehru
    Correct
    Wrong
  • 3
    Mahatma Gandhi
    Correct
    Wrong
  • 4
    Man Mohan Singh
    Correct
    Wrong
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Answer : 1. "M. Visvesvaraya "

Q:

Which of the following is related to South-South debate?

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  • 1
    Cooperation between developing countries
    Correct
    Wrong
  • 2
    Defence Organisation
    Correct
    Wrong
  • 3
    Sitting between developed & developing countries
    Correct
    Wrong
  • 4
    All of the above.
    Correct
    Wrong
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Answer : 1. "Cooperation between developing countries"
Explanation :

Explain: -South-South organization was held from 14-16 December 1978 in Tanzania. Its aim was to put focus for “new international economic view.”

Q:

In an economy “Development Stage” means- 

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  • 1
    Starting of steadily increasing economy
    Correct
    Wrong
  • 2
    Bad economy
    Correct
    Wrong
  • 3
    Economy is on the verge of destroying
    Correct
    Wrong
  • 4
    All tariff to be removed.
    Correct
    Wrong
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Answer : 1. "Starting of steadily increasing economy "

Q:

Internal profit–

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  • 1
    Happens when internal trade expands
    Correct
    Wrong
  • 2
    Happens when business expands
    Correct
    Wrong
  • 3
    Happens in economy when they increase
    Correct
    Wrong
  • 4
    Happens in firms when they expand their product
    Correct
    Wrong
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Answer : 4. "Happens in firms when they expand their product"
Explanation :

Explain: -Internal profit are made to firms when they expand their products. High level productivity, labour-division and modern equipments when used in better way, then internal profit is made. They are called as internal because firms increase their quality & quantity of production then only they gain internal profit.

Q:

The tree-like structure of records in a database in- 

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  • 1
    Network Model
    Correct
    Wrong
  • 2
    Hierarchical Model
    Correct
    Wrong
  • 3
    Relational Model
    Correct
    Wrong
  • 4
    Multi-Dimenmoral Model
    Correct
    Wrong
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Answer : 2. "Hierarchical Model "

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