Indian Economy Practice Question and Answer

Q:

A ____________ occurs when a government's total expenditures exceed the revenue that it generates, excluding money from borrowings.

1471 0

  • 1
    Current Account Deficit
    Correct
    Wrong
  • 2
    Budgetary Deficit
    Correct
    Wrong
  • 3
    Revenue Deficit
    Correct
    Wrong
  • 4
    Fiscal Deficit
    Correct
    Wrong
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Answer : 4. "Fiscal Deficit"

Q:

Economic survey is published by 

1471 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:

Values of total goods and services produced in a country is its _____.

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  • 1
    Gross Revenue Income
    Correct
    Wrong
  • 2
    Gross Domestic Product
    Correct
    Wrong
  • 3
    Total Goods Revenue
    Correct
    Wrong
  • 4
    Total Income
    Correct
    Wrong
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Answer : 2. "Gross Domestic Product "

Q:

Which two states of India are the leading producers of mineral oil?

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  • 1
    Rajasthan and Gujarat
    Correct
    Wrong
  • 2
    Maharashtra and Goa
    Correct
    Wrong
  • 3
    Orissa and Bihar
    Correct
    Wrong
  • 4
    Assam and Gujarat
    Correct
    Wrong
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Answer : 4. "Assam and Gujarat"

Q:

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

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  • 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:

In which country did the Industrial Revolution first take place?

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

Q:

Which state has wet agriculture in India?

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  • 1
    Kerala
    Correct
    Wrong
  • 2
    Assam
    Correct
    Wrong
  • 3
    Bihar
    Correct
    Wrong
  • 4
    Gujarat
    Correct
    Wrong
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Answer : 1. "Kerala"

Q:

Which state is the largest producer of pepper in India?

1453 0

  • 1
    Tamil Nadu
    Correct
    Wrong
  • 2
    Andhra Pradesh
    Correct
    Wrong
  • 3
    Kerala
    Correct
    Wrong
  • 4
    Meghalaya
    Correct
    Wrong
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Answer : 3. "Kerala"

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