Indian Economy Practice Question and Answer
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Q: In Economics, buying an asset in one market and simultaneously selling an identical asset in another market at a higher price is termed as ____________.
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5f572bd6f13b91397f39d344- 1Depreciationfalse
- 2Mortgagefalse
- 3Devaluationfalse
- 4Arbitragetrue
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Answer : 4. "Arbitrage"
Q: Demand for labour is–
1668 1601bcfb908ff1450d911cf9c
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: Who is the President of National Development Council?
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5f7d52a71e5cb657ce31ee53- 1Prime Ministertrue
- 2Presidentfalse
- 3Governorfalse
- 4Vice Presidentfalse
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Answer : 1. "Prime Minister"
Q: Which of these is an Indian multinational company?
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6037659fcd43d04a8f4b6905- 1Nokiafalse
- 2Daburtrue
- 3Samsungfalse
- 4None of thesefalse
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Answer : 2. "Dabur"
Q: Which of the following is called primary field?
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5f7d51bb90b25c12b1ef8c5e- 1Agriculture sectortrue
- 2service sectorfalse
- 3Industrial sectorfalse
- 4None of thesefalse
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Answer : 1. "Agriculture sector"
Q: Who among the following promotes social justice?
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6336e7f12ff7535af686e294- 1Herald Laskifalse
- 2John Keynesfalse
- 3John Rowlestrue
- 4All of the abovefalse
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Answer : 3. "John Rowles "
Q: Which of the following is not a state tax?
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60a36e68d3afc7379b0c22e2- 1Wealth Taxtrue
- 2Excise duty on liquorfalse
- 3Sales Taxfalse
- 4Professional Taxfalse
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Answer : 1. "Wealth Tax "
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