Indian Economy Practice Question and Answer
8 Q: Which of the following is considered a capital expense?
1607 064c3960f29beb3482a3bcc49
64c3960f29beb3482a3bcc49- 1Pensionfalse
- 2Payment of salariesfalse
- 3Subsidiesfalse
- 4Construction of school buildingstrue
- Show AnswerHide Answer
- Workspace
- SingleChoice
Answer : 4. "Construction of school buildings"
Explanation :
1. Capital expenditure is money spent by the government on the development of machinery, equipment, buildings, health facilities, education etc.
2. It also includes expenditure by the government on the acquisition of fixed assets like land and investments which give future profits or dividends.
3. Creation of assets as well as repayment of loans is also capital expenditure, as it reduces liability.
Q: What is India's position in the Human Development Index?
1602 05f7d512590b25c12b1ef8ac9
5f7d512590b25c12b1ef8ac9- 1126true
- 2127false
- 3129false
- 4128false
- Show AnswerHide Answer
- Workspace
- SingleChoice
Answer : 1. "126"
Q: In which of the following banks, a person cannot open his account?
1598 06088f9ef06b39f63ea8ee107
6088f9ef06b39f63ea8ee107- 1Bank of Indiafalse
- 2Urban Co-operative Bankfalse
- 3Reserve Bank of Indiatrue
- 4All thesefalse
- Show AnswerHide Answer
- Workspace
- SingleChoice
Answer : 3. "Reserve Bank of India"
Q: With whose cooperation was the Durgapur Steel Plant established?
1586 060d3170964466567bd755c5a
60d3170964466567bd755c5a- 1Germanyfalse
- 2Great Britaintrue
- 3Russiafalse
- 4Francefalse
- Show AnswerHide Answer
- Workspace
- SingleChoice
Answer : 2. "Great Britain"
Q: As per estimates of the Planning Commission of India the target growth rate of 12th Five-Year Plan is set to
1585 0601bc4847c5c886562ae88c5
601bc4847c5c886562ae88c5- 17 to 8%false
- 28.0% to 8.5%true
- 39% to 9.5%false
- 410 to 10.5%false
- Show AnswerHide Answer
- Workspace
- SingleChoice
Answer : 2. "8.0% to 8.5%"
Explanation :
The Approach Paper has proposed a target of 8 per cent growth for the Twelfth Plan. Health, education and skill development, environment and natural resources, and infrastructure development were the focus areas of the Twelfth Plan.
Q: Which of the following statements is correct?
1584 06336e8b55c208a6bf71b7807
6336e8b55c208a6bf71b7807- 1Most workers will work for less than their reservation wagefalse
- 2The reservation wage is the maximum amount of any firm will pay for a workerfalse
- 3Economic rent is the difference between the market wage and the reservation wagetrue
- 4Economic rent is the amount one must pay to enter a desirable labour marketfalse
- Show AnswerHide Answer
- Workspace
- SingleChoice
Answer : 3. "Economic rent is the difference between the market wage and the reservation wage"
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 ____________.
1581 05f572bd6f13b91397f39d344
5f572bd6f13b91397f39d344- 1Depreciationfalse
- 2Mortgagefalse
- 3Devaluationfalse
- 4Arbitragetrue
- Show AnswerHide Answer
- Workspace
- SingleChoice
Answer : 4. "Arbitrage"
Q: Petrocard for the sale of petroleum products is issued by which company?
1578 061139221e60c1d4cec2676b8
61139221e60c1d4cec2676b8- 1H.P.C.Lfalse
- 2B.P.C.Ltrue
- 3L.O.C.Lfalse
- 4none of thesefalse
- Show AnswerHide Answer
- Workspace
- SingleChoice