Indian Economy Practice Question and Answer
8 Q: 'Mumbai High' is related to?
1338 05f9fc4864a02db7b99b3175c
5f9fc4864a02db7b99b3175c- 1Steelfalse
- 2Petroleumtrue
- 3Tombfalse
- 4Jutefalse
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Answer : 2. "Petroleum"
Q: Which state has wet agriculture in India?
1337 060376b19cd43d04a8f4b739e
60376b19cd43d04a8f4b739e- 1Keralatrue
- 2Assamfalse
- 3Biharfalse
- 4Gujaratfalse
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Answer : 1. "Kerala"
Q: Where is the headquarter of Food and Agriculture Organization located?
1336 061139cdd88e0566940a6ec6b
61139cdd88e0566940a6ec6b- 1Rometrue
- 2Genevafalse
- 3Parisfalse
- 4none of thesefalse
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Answer : 1. "Rome"
Q: Which of the following is called primary field?
1336 05f7d51bb90b25c12b1ef8c5e
5f7d51bb90b25c12b1ef8c5e- 1Agriculture sectortrue
- 2service sectorfalse
- 3Industrial sectorfalse
- 4None of thesefalse
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Answer : 1. "Agriculture sector"
Q: In which year Kisan Credit Card Scheme was launched?
1328 061139d8688e0566940a6f0a0
61139d8688e0566940a6f0a0- 11990false
- 21950false
- 31998true
- 42000false
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Answer : 3. "1998"
Q: The Micro, Small and Medium Enterprises Development Act was passed in the year ____.
1324 15fe2e3034c864b4aa0e43f83
5fe2e3034c864b4aa0e43f83- 12002false
- 22006true
- 32004false
- 42008false
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Answer : 2. "2006"
Explanation :
Notification for enforcement of MSME Act, 2006, The Provisions of the Micro, Small and Medium Enterprises Development Act, 2006 (27 of 2006) shall come into force from 2nd October, 2006.
Q: Which of the following is considered a capital expense?
1322 064c3960f29beb3482a3bcc49
64c3960f29beb3482a3bcc49- 1Pensionfalse
- 2Payment of salariesfalse
- 3Subsidiesfalse
- 4Construction of school buildingstrue
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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: Real national income denotes.
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5f435f2c97c6dd29b38e4c31- 1Per capital incomefalse
- 2National income at constant pricestrue
- 3National income at current pricesfalse
- 4Net factor incomefalse
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