Indian Economy Questions Practice Question and Answer

Q:

What kind of economy is there in India?

2017 0

  • 1
    socialist
    Correct
    Wrong
  • 2
    Mixed
    Correct
    Wrong
  • 3
    Free
    Correct
    Wrong
  • 4
    Gandhian
    Correct
    Wrong
  • Show AnswerHide Answer
  • Workspace

Answer : 2. "Mixed"

Q:

What is the demand for labor called?

2008 1

  • 1
    Market demand
    Correct
    Wrong
  • 2
    Direct demand
    Correct
    Wrong
  • 3
    Derived demand
    Correct
    Wrong
  • 4
    Factory demand
    Correct
    Wrong
  • Show AnswerHide Answer
  • Workspace

Answer : 3. "Derived demand"

Q:

What percentage of the total central employees are employed in Indian Railways?

1994 0

  • 1
    50 %
    Correct
    Wrong
  • 2
    40 %
    Correct
    Wrong
  • 3
    45 %
    Correct
    Wrong
  • 4
    35 %
    Correct
    Wrong
  • Show AnswerHide Answer
  • Workspace

Answer : 2. " 40 %"

Q:

Bank rate is the rate at which—

1917 0

  • 1
    A bank lends to the public.
    Correct
    Wrong
  • 2
    RBI lends to the public.
    Correct
    Wrong
  • 3
    RBI lends to commercial banks.
    Correct
    Wrong
  • 4
    Government of India lends to other countries.
    Correct
    Wrong
  • Show AnswerHide Answer
  • Workspace

Answer : 3. "RBI lends to commercial banks."

Q:

Socialism is successful in achieving because of–

1899 0

  • 1
    Excess socialistic approach in society
    Correct
    Wrong
  • 2
    To increase standard of living
    Correct
    Wrong
  • 3
    Equal distribution of income
    Correct
    Wrong
  • 4
    None of the above
    Correct
    Wrong
  • Show AnswerHide Answer
  • Workspace

Answer : 1. "Excess socialistic approach in society"
Explanation :

Explain: -Making social welfare is the success of socialism

Q:

Which of the following is a better measurement of Economic Development? 

1886 0

  • 1
    NNP
    Correct
    Wrong
  • 2
    Per capita income
    Correct
    Wrong
  • 3
    GDP
    Correct
    Wrong
  • 4
    Disposable income
    Correct
    Wrong
  • Show AnswerHide Answer
  • Workspace

Answer : 1. "NNP "

Q:

Which factor is mainly responsible for increase in demand of natural resources?

1881 0

  • 1
    Scientific advancement
    Correct
    Wrong
  • 2
    Use of biodegradable chemicals
    Correct
    Wrong
  • 3
    Increasing human population
    Correct
    Wrong
  • 4
    Environmental pollution
    Correct
    Wrong
  • Show AnswerHide Answer
  • Workspace

Answer : 3. "Increasing human population"
Explanation :

The correct answer is Increased human population. As the human population is increasing at an astounding rate, we have reached a number of 7.4 billion today. Naturally, this means that we are utilizing more and more natural resources.

Q:

By whom is the truck named Ashok Leyland produced?

1865 0

  • 1
    Tata
    Correct
    Wrong
  • 2
    Hinduja
    Correct
    Wrong
  • 3
    Birla
    Correct
    Wrong
  • 4
    Godrej
    Correct
    Wrong
  • Show AnswerHide Answer
  • Workspace

Answer : 2. "Hinduja"

      Report Error

    Please Enter Message
    Error Reported Successfully

      Report Error

    Please Enter Message
    Error Reported Successfully

      Report Error

    Please Enter Message
    Error Reported Successfully

      Report Error

    Please Enter Message
    Error Reported Successfully

      Report Error

    Please Enter Message
    Error Reported Successfully

      Report Error

    Please Enter Message
    Error Reported Successfully

      Report Error

    Please Enter Message
    Error Reported Successfully

      Report Error

    Please Enter Message
    Error Reported Successfully