Indian Economy Practice Question and Answer
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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: 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: 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: 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: 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"
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: The oldest large industry of India is?
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611392e6e60c1d4cec2678eb- 1Cotton textile industrytrue
- 2Jute Industryfalse
- 3Paper Industryfalse
- 4Handicraft Industryfalse
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Answer : 1. "Cotton textile industry"
Q: Where is the headquarters of International Organization for Standardization (ISO)?
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603767ce24cd273bc4f512c8- 1Dhakafalse
- 2Genevatrue
- 3New Yorkfalse
- 4Londonfalse
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Answer : 2. "Geneva"
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