Indian Economy Practice Question and Answer
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Q: What is the purpose of economic activities? Both
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5f7d50403c7d8710e0147a08- 1Livelihoodtrue
- 2Entertainmentfalse
- 3A) and (B)false
- 4None of thesefalse
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Answer : 1. "Livelihood"
Q: Demand for labour is–
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601bcfb908ff1450d911cf9c- 1Composite demandfalse
- 2Competitive demandfalse
- 3Derived demandtrue
- 4Joint demandfalse
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Answer : 3. "Derived demand "
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: Which two states of India are the leading producers of mineral oil?
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6037699f9d90e74af72bd5bc- 1Rajasthan and Gujaratfalse
- 2Maharashtra and Goafalse
- 3Orissa and Biharfalse
- 4Assam and Gujarattrue
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Answer : 4. "Assam and Gujarat"
Q: 'Mumbai High' is related to?
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5f9fc4864a02db7b99b3175c- 1Steelfalse
- 2Petroleumtrue
- 3Tombfalse
- 4Jutefalse
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Answer : 2. "Petroleum"
Q: Who among the following formulates the monetary policy in India?
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60939266b8018e6486aedf6b- 1Finance Commission of Indiafalse
- 2Reserve Bank of Indiatrue
- 3NITI Aayogfalse
- 4The Ministry of Statistics and Programme Implementationfalse
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Answer : 2. "Reserve Bank of India "
Q: Which method is used in calculating national income in India?
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5f029be8ce72ee4f9c9c132b- 1Origin calculation methodfalse
- 2Income Lawfalse
- 3both of the abovetrue
- 4None of thesefalse
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Answer : 3. "both of the above"
Q: In which year was The Reserve Bank of India was established?
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60b9f98a02ea6c40949f18c4- 11950false
- 21947false
- 31935true
- 41952false
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Answer : 3. "1935"
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