Indian Economy Questions Practice Question and Answer

Q:

Price theory is also known as     

1897 0

  • 1
    Macro Economics
    Correct
    Wrong
  • 2
    Development Economics
    Correct
    Wrong
  • 3
    Public Economics
    Correct
    Wrong
  • 4
    Micro Economics
    Correct
    Wrong
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Answer : 4. "Micro Economics "

Q:

What is the demand for labor called?

1896 1

  • 1
    Market demand
    Correct
    Wrong
  • 2
    Direct demand
    Correct
    Wrong
  • 3
    Derived demand
    Correct
    Wrong
  • 4
    Factory demand
    Correct
    Wrong
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Answer : 3. "Derived demand"

Q:

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

1863 0

  • 1
    50 %
    Correct
    Wrong
  • 2
    40 %
    Correct
    Wrong
  • 3
    45 %
    Correct
    Wrong
  • 4
    35 %
    Correct
    Wrong
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Answer : 2. " 40 %"

Q:

Bank rate is the rate at which—

1779 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
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Answer : 3. "RBI lends to commercial banks."

Q:

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

1760 0

  • 1
    NNP
    Correct
    Wrong
  • 2
    Per capita income
    Correct
    Wrong
  • 3
    GDP
    Correct
    Wrong
  • 4
    Disposable income
    Correct
    Wrong
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Answer : 1. "NNP "

Q:

By whom is the truck named Ashok Leyland produced?

1751 0

  • 1
    Tata
    Correct
    Wrong
  • 2
    Hinduja
    Correct
    Wrong
  • 3
    Birla
    Correct
    Wrong
  • 4
    Godrej
    Correct
    Wrong
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Answer : 2. "Hinduja"

Q:

Socialism is successful in achieving because of–

1734 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
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Answer : 1. "Excess socialistic approach in society"
Explanation :

Explain: -Making social welfare is the success of socialism

Q:

Which state in India is the major producer of mulberry silk?

1727 0

  • 1
    Karnataka
    Correct
    Wrong
  • 2
    Kerala
    Correct
    Wrong
  • 3
    Hyderabad
    Correct
    Wrong
  • 4
    Chennai
    Correct
    Wrong
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Answer : 1. "Karnataka"

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