Indian Economy Practice Question and Answer
8 4 Q:
5f7d51bb90b25c12b1ef8c5e 4 Q:
5f7d50403c7d8710e0147a08 4 Q:
5f435f2c97c6dd29b38e4c31 4 Q:
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61139a5ae60c1d4cec268fb5 4 Q:
5f029be8ce72ee4f9c9c132b 4 Q:
5fe2e3034c864b4aa0e43f83 Answer : 2. "2006"
4 Q:
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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: 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: 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: 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"
Q: What is the rank of India in the world in terms of rice export?
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61139a5ae60c1d4cec268fb5- 12ndtrue
- 23rdfalse
- 34thfalse
- 45thfalse
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Answer : 1. "2nd"
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: 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: 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 "
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