Indian Economy Questions Practice Question and Answer

Q:

The Relationship between rate of interest and consumption level was firstly estimated by–

2140 0

  • 1
    Amartya Sen
    Correct
    Wrong
  • 2
    Milton Freedman
    Correct
    Wrong
  • 3
    Irwing Fischer
    Correct
    Wrong
  • 4
    James Duezan Berry
    Correct
    Wrong
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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.

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  • 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:

Due to worldwide great depression, ‘New Deal’ was declared by?

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  • 1
    Abhraham Lincon
    Correct
    Wrong
  • 2
    Benzamin Frankllin
    Correct
    Wrong
  • 3
    J.F. Kennedy
    Correct
    Wrong
  • 4
    Roozwelt
    Correct
    Wrong
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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 0

  • 1
    2004-05
    Correct
    Wrong
  • 2
    2010-11
    Correct
    Wrong
  • 3
    2014-15
    Correct
    Wrong
  • 4
    2011-12
    Correct
    Wrong
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Answer : 4. "2011-12"

Q:

Purchasing Power Parity theory is related with 

2096 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:

‘COPRA’   is a_______

2077 0

  • 1
    Credit Rationing Scheme
    Correct
    Wrong
  • 2
    Mega city scheme
    Correct
    Wrong
  • 3
    Consumer protection Act
    Correct
    Wrong
  • 4
    Domestic Trade protection measure
    Correct
    Wrong
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Answer : 3. "Consumer protection Act "

Q:

PSW stands for

2049 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:

Which is the most essential function of an entrepreneur? 

2046 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 "

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