Indian Economy Practice Question and Answer

Q:

Which country is the largest consumer of gold in the world?

1575 0

  • 1
    Japan
    Correct
    Wrong
  • 2
    India
    Correct
    Wrong
  • 3
    Russia
    Correct
    Wrong
  • 4
    France
    Correct
    Wrong
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Answer : 2. "India"

Q:

Where is the headquarter of Food and Agriculture Organization located?

1575 0

  • 1
    Rome
    Correct
    Wrong
  • 2
    Geneva
    Correct
    Wrong
  • 3
    Paris
    Correct
    Wrong
  • 4
    none of these
    Correct
    Wrong
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Answer : 1. "Rome"

Q:

In which year Kisan Credit Card Scheme was launched?

1568 0

  • 1
    1990
    Correct
    Wrong
  • 2
    1950
    Correct
    Wrong
  • 3
    1998
    Correct
    Wrong
  • 4
    2000
    Correct
    Wrong
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Answer : 3. "1998"

Q:

Which economist prepared the first human development index?

1563 0

  • 1
    Prof. Amartya Sen
    Correct
    Wrong
  • 2
    Mehboob-ul-Haq
    Correct
    Wrong
  • 3
    Dr. Manmohan Singh
    Correct
    Wrong
  • 4
    None of these
    Correct
    Wrong
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Answer : 2. "Mehboob-ul-Haq"

Q:

In which country did the Industrial Revolution first take place?

1557 0

  • 1
    England
    Correct
    Wrong
  • 2
    France
    Correct
    Wrong
  • 3
    Germany
    Correct
    Wrong
  • 4
    India
    Correct
    Wrong
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Answer : 1. "England"

Q:

Economic survey is published by 

1556 0

  • 1
    Ministry of Finance
    Correct
    Wrong
  • 2
    Planning commission
    Correct
    Wrong
  • 3
    Government of India
    Correct
    Wrong
  • 4
    Indian Statistical Institute
    Correct
    Wrong
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Answer : 1. "Ministry of Finance "

Q:

Externality theory is the basic theory of the following branch of Economics–

1554 0

  • 1
    International Economics
    Correct
    Wrong
  • 2
    Environomics
    Correct
    Wrong
  • 3
    Fiscal Economics
    Correct
    Wrong
  • 4
    Macro Economics
    Correct
    Wrong
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Answer : 2. "Environomics"

Q:

Diamonds are priced higher than water because–

1552 0

  • 1
    consumers do not buy them at lower prices.
    Correct
    Wrong
  • 2
    they are sold by selected firms with monopolistic powers.
    Correct
    Wrong
  • 3
    their total utility to buyers is higher than that of water.
    Correct
    Wrong
  • 4
    their marginal utility to buyers is higher than that of water
    Correct
    Wrong
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Answer : 2. "they are sold by selected firms with monopolistic powers."

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