Indian Economy Practice Question and Answer
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Q: Which country is the largest consumer of gold in the world?
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60d3174d6cc0e73be00e4351- 1Japanfalse
- 2Indiatrue
- 3Russiafalse
- 4Francefalse
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Answer : 2. "India"
Q: Where is the headquarter of Food and Agriculture Organization located?
1575 061139cdd88e0566940a6ec6b
61139cdd88e0566940a6ec6b- 1Rometrue
- 2Genevafalse
- 3Parisfalse
- 4none of thesefalse
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Answer : 1. "Rome"
Q: In which year Kisan Credit Card Scheme was launched?
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61139d8688e0566940a6f0a0- 11990false
- 21950false
- 31998true
- 42000false
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Answer : 3. "1998"
Q: Which economist prepared the first human development index?
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5f7d51623371cf6f4d4e545b- 1Prof. Amartya Senfalse
- 2Mehboob-ul-Haqtrue
- 3Dr. Manmohan Singhfalse
- 4None of thesefalse
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Answer : 2. "Mehboob-ul-Haq"
Q: In which country did the Industrial Revolution first take place?
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61139258f65c04691bf240a5- 1Englandtrue
- 2Francefalse
- 3Germanyfalse
- 4Indiafalse
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Answer : 1. "England"
Q: Economic survey is published by
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5ec37b5e980ff60a66bdf329- 1Ministry of Financetrue
- 2Planning commissionfalse
- 3Government of Indiafalse
- 4Indian Statistical Institutefalse
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Answer : 1. "Ministry of Finance "
Q: Externality theory is the basic theory of the following branch of Economics–
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60123f07178b94051cee4942- 1International Economicsfalse
- 2Environomicstrue
- 3Fiscal Economicsfalse
- 4Macro Economicsfalse
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Answer : 2. "Environomics"
Q: Diamonds are priced higher than water because–
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60123fc3178b94051cee4ac7- 1consumers do not buy them at lower prices.false
- 2they are sold by selected firms with monopolistic powers.true
- 3their total utility to buyers is higher than that of water.false
- 4their marginal utility to buyers is higher than that of waterfalse
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Answer : 2. "they are sold by selected firms with monopolistic powers."
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