Indian Economy Practice Question and Answer
8 4 Q:
5f437c5d77e1d45e845c02fc 4 Q:
6336e8b55c208a6bf71b7807 4 Q:
5f435f2c97c6dd29b38e4c31 4 Q:
5fe2e3034c864b4aa0e43f83 Answer : 2. "2006"
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6042042252454a7005b1d42d 4 Q:
5f7d51623371cf6f4d4e545b 4 Q:
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Q: Values of total goods and services produced in a country is its _____.
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5f437c5d77e1d45e845c02fc- 1Gross Revenue Incomefalse
- 2Gross Domestic Producttrue
- 3Total Goods Revenuefalse
- 4Total Incomefalse
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Answer : 2. "Gross Domestic Product "
Q: Which of the following statements is correct?
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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
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Answer : 3. "Economic rent is the difference between the market wage and the reservation wage"
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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Answer : 2. "National income at constant prices"
Q: The Micro, Small and Medium Enterprises Development Act was passed in the year ____.
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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 the most dynamic factor of production?
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60d3150b025df84f0791cd45- 1Capitaltrue
- 2Organizationfalse
- 3landfalse
- 4Laborfalse
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Answer : 1. "Capital"
Q: UNDP prepares–
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6042042252454a7005b1d42d- 1Human Development Indextrue
- 2Standard of Living Indexfalse
- 3Index Number of Price Levelfalse
- 4Physical Quality Indexfalse
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Answer : 1. "Human Development Index"
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: Petrocard for the sale of petroleum products is issued by which company?
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61139221e60c1d4cec2676b8- 1H.P.C.Lfalse
- 2B.P.C.Ltrue
- 3L.O.C.Lfalse
- 4none of thesefalse
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Answer : 2. "B.P.C.L"
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