Indian Economy Questions Practice Question and Answer

Q:

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

1721 0

  • 1
    Scientific advancement
    Correct
    Wrong
  • 2
    Use of biodegradable chemicals
    Correct
    Wrong
  • 3
    Increasing human population
    Correct
    Wrong
  • 4
    Environmental pollution
    Correct
    Wrong
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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:

Purchasing Power Parity theory is related with 

1710 0

  • 1
    Wage rate
    Correct
    Wrong
  • 2
    Exchange rate
    Correct
    Wrong
  • 3
    Interest rate
    Correct
    Wrong
  • 4
    Bank rate
    Correct
    Wrong
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Answer : 2. "Exchange rate "

Q:

Which is the most essential function of an entrepreneur? 

1636 0

  • 1
    Marketing
    Correct
    Wrong
  • 2
    Risk bearing
    Correct
    Wrong
  • 3
    Supervision
    Correct
    Wrong
  • 4
    Management
    Correct
    Wrong
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Answer : 2. "Risk bearing "

Q:

Which among of the following is not a positive sign for any industry.

1629 0

  • 1
    Decrease in profit
    Correct
    Wrong
  • 2
    Labour instability
    Correct
    Wrong
  • 3
    Decrease in market
    Correct
    Wrong
  • 4
    Decrease in demand
    Correct
    Wrong
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Answer : 1. "Decrease in profit "
Explanation :

Explain: -Decrease in profit is not a sudden positive sign.

Q:

What is the accounting year period of Reserve Bank of India?

1622 0

  • 1
    April to March
    Correct
    Wrong
  • 2
    July to June
    Correct
    Wrong
  • 3
    January to December
    Correct
    Wrong
  • 4
    August to July
    Correct
    Wrong
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Answer : 2. "July to June "

Q:

PSW stands for

1605 0

  • 1
    Process status word
    Correct
    Wrong
  • 2
    Processor status word
    Correct
    Wrong
  • 3
    Program status word
    Correct
    Wrong
  • 4
    Primitive status word
    Correct
    Wrong
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Answer : 3. "Program status word"

Q:

In a cut motion, when the amount of demand is reduced by Rs 100/- , it is known as

1605 0

  • 1
    Disapproval of policy cut
    Correct
    Wrong
  • 2
    Economy cut
    Correct
    Wrong
  • 3
    Vote on Account
    Correct
    Wrong
  • 4
    Token cut
    Correct
    Wrong
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Answer : 4. "Token cut"

Q:

Cause of Inflation is -

1587 0

  • 1
    Increase in money supply
    Correct
    Wrong
  • 2
    Fall in production
    Correct
    Wrong
  • 3
    Increases in money supply and fall in production
    Correct
    Wrong
  • 4
    Decrease in money supply and fall in production
    Correct
    Wrong
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Answer : 3. "Increases in money supply and fall in production "

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