Indian Economy Questions Practice Question and Answer
8 Q: PSW stands for
1941 05f435c623688b83fde012fad
5f435c623688b83fde012fad- 1Process status wordfalse
- 2Processor status wordfalse
- 3Program status wordtrue
- 4Primitive status wordfalse
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Answer : 3. "Program status word"
Q: ‘COPRA’ is a_______
1930 05f8eab177793eb35d7211476
5f8eab177793eb35d7211476- 1Credit Rationing Schemefalse
- 2Mega city schemefalse
- 3Consumer protection Acttrue
- 4Domestic Trade protection measurefalse
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Answer : 3. "Consumer protection Act "
Q: What is the base year to calculate the National income in India?
1917 05ef433ca7c1ec61320b5d20d
5ef433ca7c1ec61320b5d20d- 12004-05false
- 22010-11false
- 32014-15false
- 42011-12true
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Answer : 4. "2011-12"
Q: Which is the most essential function of an entrepreneur?
1915 05f3686867e854923fd22bbde
5f3686867e854923fd22bbde- 1Marketingfalse
- 2Risk bearingtrue
- 3Supervisionfalse
- 4Managementfalse
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Answer : 2. "Risk bearing "
Q: Who among the following became the first Chief Minister of the National Capital Territory of Delhi in 1993?
1859 06572e137a1070fbf9bedc055
6572e137a1070fbf9bedc055- 1Madan Lal Khuranatrue
- 2Sheila Dixitfalse
- 3Sushma Swarajfalse
- 4Sahib Singh Vermafalse
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Answer : 1. "Madan Lal Khurana"
Explanation :
1. Madan Lal Khurana (15 October 1936 – 27 October 2018) was an Indian politician and former Chief Minister of Delhi from 1993 to 1996.
2. He was succeeded by Gurmukh Nihal Singh of the Indian National Congress, who held the post for just one year in 1955.
3. The States Reorganization Act, 1956 made Delhi a union territory under central control.
Q: ___________ unemployment happens when people are not able to find jobs during some months of the year.
1848 15fe1d91492210049c5b1ff90
5fe1d91492210049c5b1ff90- 1Disguisedfalse
- 2Educatedfalse
- 3Seasonaltrue
- 4None of the abovefalse
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Answer : 3. "Seasonal"
Q: When was the first National Population Policy implemented in India?
1844 15ef979abef2488485ce5b83e
5ef979abef2488485ce5b83e- 11952false
- 21976true
- 31987false
- 41950false
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Answer : 2. "1976"
Q: The Relationship between rate of interest and consumption level was firstly estimated by–
1841 0650ad9d0cb11fc5036ce9d90
650ad9d0cb11fc5036ce9d90- 1Amartya Senfalse
- 2Milton Freedmantrue
- 3Irwing Fischerfalse
- 4James Duezan Berryfalse
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Answer : 2. "Milton Freedman "
Explanation :
Explain: -With increase in rate of interest there is decrease in consumption level i.e. there is inverse relation between rate of interest and consumption level.