Indian Economy Questions Practice Question and Answer
8 Q: The Relationship between rate of interest and consumption level was firstly estimated by–
2140 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.
Q: Which among of the following is not a positive sign for any industry.
2128 06336de5230141c336c39f81a
6336de5230141c336c39f81a- 1Decrease in profittrue
- 2Labour instabilityfalse
- 3Decrease in marketfalse
- 4Decrease in demandfalse
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Answer : 1. "Decrease in profit "
Explanation :
Explain: -Decrease in profit is not a sudden positive sign.
Q: Due to worldwide great depression, ‘New Deal’ was declared by?
2120 0650ad8ac761b44505eca6d60
650ad8ac761b44505eca6d60- 1Abhraham Linconfalse
- 2Benzamin Frankllinfalse
- 3J.F. Kennedyfalse
- 4Roozwelttrue
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Answer : 4. "Roozwelt"
Explanation :
Explain: -New Deal definition. A group of government programs and policies established under President Franklin D. Roosevelt in the 1930s; the New Deal was designed to improve conditions for persons suffering in the Great Depression.
Q: What is the base year to calculate the National income in India?
2114 05ef433ca7c1ec61320b5d20d
5ef433ca7c1ec61320b5d20d- 12004-05false
- 22010-11false
- 32014-15false
- 42011-12true
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Answer : 4. "2011-12"
Q: Purchasing Power Parity theory is related with
2096 05f35fd8aba71a36b207d5f27
5f35fd8aba71a36b207d5f27- 1Wage ratefalse
- 2Exchange ratetrue
- 3Interest ratefalse
- 4Bank ratefalse
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Answer : 2. "Exchange rate "
Q: ‘COPRA’ is a_______
2077 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: PSW stands for
2049 05f435c623688b83fde012fad
5f435c623688b83fde012fad- 1Process status wordfalse
- 2Processor status wordfalse
- 3Program status wordtrue
- 4Primitive status wordfalse
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Answer : 3. "Program status word"
Q: Which is the most essential function of an entrepreneur?
2046 05f3686867e854923fd22bbde
5f3686867e854923fd22bbde- 1Marketingfalse
- 2Risk bearingtrue
- 3Supervisionfalse
- 4Managementfalse
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