Indian Economy Practice Question and Answer

Q:

When was the Planning Commission formed in India?

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  • 1
    15 March 1950
    Correct
    Wrong
  • 2
    15 September 1950
    Correct
    Wrong
  • 3
    15 October 1951
    Correct
    Wrong
  • 4
    None of these
    Correct
    Wrong
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Answer : 1. "15 March 1950"

Q:

The Indian economy can be appropriately described as a: 

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  • 1
    Traditional economy
    Correct
    Wrong
  • 2
    Mixed economy
    Correct
    Wrong
  • 3
    Capitalist economy
    Correct
    Wrong
  • 4
    Socialist economy
    Correct
    Wrong
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Answer : 2. "Mixed economy "

Q:

“if other things remain the same” means

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  • 1
    ignoring everything
    Correct
    Wrong
  • 2
    to include each component
    Correct
    Wrong
  • 3
    all other unchanging things
    Correct
    Wrong
  • 4
    every variable
    Correct
    Wrong
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Answer : 3. "all other unchanging things"

Q:

The apex organization of industrial finance in India is?

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  • 1
    I.C.I.C.I
    Correct
    Wrong
  • 2
    R.B.I
    Correct
    Wrong
  • 3
    I.F.C.I
    Correct
    Wrong
  • 4
    I.D.B.I
    Correct
    Wrong
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Answer : 4. "I.D.B.I"

Q:

What is the Hindu growth rate related to?

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  • 1
    Population
    Correct
    Wrong
  • 2
    Literacy
    Correct
    Wrong
  • 3
    per capita income
    Correct
    Wrong
  • 4
    National income
    Correct
    Wrong
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Answer : 4. "National income"

Q:

Rainbow revolution is related to?

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  • 1
    Blue Revolution
    Correct
    Wrong
  • 2
    Green Revolution
    Correct
    Wrong
  • 3
    White Revolution
    Correct
    Wrong
  • 4
    all of these
    Correct
    Wrong
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Answer : 4. "all of these"

Q:

Which one of the following is not a clause of the World Trade Organisation?

1540 1

  • 1
    Lowering trade barriers with negotiations
    Correct
    Wrong
  • 2
    Most favoured nation treatment
    Correct
    Wrong
  • 3
    Providing financial support to the countries having deficit balance of payments
    Correct
    Wrong
  • 4
    Discouraging unfair trade practices such as anti-dumping and export subsidies
    Correct
    Wrong
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Answer : 3. "Providing financial support to the countries having deficit balance of payments"
Explanation :

Providing financial support to the countries having deficit balance of payments.

Q:

In which year was the Indian Unit Test established?

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  • 1
    1964
    Correct
    Wrong
  • 2
    1969
    Correct
    Wrong
  • 3
    1971
    Correct
    Wrong
  • 4
    1973
    Correct
    Wrong
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Answer : 1. "1964"

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