Indian Economy Practice Question and Answer
8 Q: Stagflation is defined as
1450 05f437d353688b83fde024abc
5f437d353688b83fde024abc- 1high inflation, low growth, high unemploymentfalse
- 2high inflation, low growth, high unemploymenttrue
- 3high inflation, high growth, high unemploymentfalse
- 4low inflation, high growth, low unemploymentfalse
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Answer : 2. "high inflation, low growth, high unemployment "
Q: Which under crop is the maximum agricultural land in India?
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615c4327c0b1f36f74d55cb5- 1Ricetrue
- 2Cottonfalse
- 3Maizefalse
- 4Wheatfalse
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Answer : 1. "Rice"
Q: To which country does India export the largest amount of iron ore?
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60d3186f1cefce3a61b26885- 1Japantrue
- 2Russiafalse
- 3U. K.false
- 4Germanyfalse
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Answer : 1. "Japan"
Q: Which of the following committee is not associated to the estimation of poverty in India?
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6329cb285c208a6bf7ddfeca- 1V.K. Alagh Committeefalse
- 2Suresh Tendulkar Committeefalse
- 3Rangarajan Committeefalse
- 4Vijay Kelkar Committeetrue
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Answer : 4. "Vijay Kelkar Committee"
Explanation :
It is related to the assessment of poverty in India.
(A) V.K. Alagh Committee
(B) Suresh Tendulkar Committee
(C) Rangarajan Committee
Q: Whose Arthashastra was composed?
1419 05fc217014f2f6c622bf3a11a
5fc217014f2f6c622bf3a11a- 1Chandraguptafalse
- 2Maurya Alexanderfalse
- 3Chanakyatrue
- 4None of thesefalse
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Answer : 3. "Chanakya"
Q: In Economics, buying an asset in one market and simultaneously selling an identical asset in another market at a higher price is termed as ____________.
1416 05f572bd6f13b91397f39d344
5f572bd6f13b91397f39d344- 1Depreciationfalse
- 2Mortgagefalse
- 3Devaluationfalse
- 4Arbitragetrue
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Answer : 4. "Arbitrage"
Q: Which among the following formulates fiscal policy?
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5ec37a128463ff0219fff578- 1RBItrue
- 2Finance Ministryfalse
- 3SEBIfalse
- 4Planning Commissionfalse
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Answer : 1. "RBI "
Q: The Relationship between rate of interest and consumption level was firstly estimated by–
1412 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.