Indian Economy Practice Question and Answer
8 Q: Which of the following is not investment expenditure in good and servies?
1275 05f02a55d7a5a806340b11306
5f02a55d7a5a806340b11306- 1Purchase of a housetrue
- 2Purchase of a machineryfalse
- 3Expansion of the main plant of a companyfalse
- 4An increases in business inventoriesfalse
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Answer : 1. "Purchase of a house"
Q: Which state is the largest producer of pepper in India?
1274 060376a93cd43d04a8f4b7190
60376a93cd43d04a8f4b7190- 1Tamil Nadufalse
- 2Andhra Pradeshfalse
- 3Keralatrue
- 4Meghalayafalse
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Answer : 3. "Kerala"
Q: Where is the national center of organic Fertilizer production?
1274 05fb37b2406649f682b8ffb28
5fb37b2406649f682b8ffb28- 1Hyderabadfalse
- 2Ghaziabadtrue
- 3Nellorefalse
- 4Dehradunfalse
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Answer : 2. "Ghaziabad"
Q: In which country did the Industrial Revolution first take place?
1271 061139258f65c04691bf240a5
61139258f65c04691bf240a5- 1Englandtrue
- 2Francefalse
- 3Germanyfalse
- 4Indiafalse
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Answer : 1. "England"
Q: The difference between Revenue Receipts plus Non-debt Capital Receipts (NDCR) and total expenditure is called ______.
1270 064bfc92123047f4c71e1cb68
64bfc92123047f4c71e1cb68- 1Revenue Deficitfalse
- 2Fiscal Deficittrue
- 3Effective Revenue Deficitfalse
- 4Primary Deficitfalse
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Answer : 2. "Fiscal Deficit"
Explanation :
1. The difference between the sum of revenue receipts and Non-Debt Capital Receipts (NDCR) and total expenditure is called fiscal deficit.
2. Fiscal deficit is an important indicator of the financial position of the government.
3. It shows how much difference there is between the current income and expenditure of the government.
4. Fiscal deficit can be influenced by many factors, including.
- Economic situation: During an economic recession, the government often increases the fiscal deficit to provide stimulus to the economy.
- Political pressure: Governments often run up fiscal deficits to raise funds for social programs.
- Military spending: Governments often run fiscal deficits to increase military spending.
Q: When is National Consumer Day celebrated in India?
1269 0603768969792c13b2858a0d7
603768969792c13b2858a0d7- 124 Decembertrue
- 21 Marchfalse
- 310 Aprilfalse
- 410 Decemberfalse
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Answer : 1. "24 December"
Q: Which method is used in calculating national income in India?
1267 05f029be8ce72ee4f9c9c132b
5f029be8ce72ee4f9c9c132b- 1Origin calculation methodfalse
- 2Income Lawfalse
- 3both of the abovetrue
- 4None of thesefalse
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Answer : 3. "both of the above"
Q: Of the following land uses, which is restricted to Special Economic Zones?
1264 0601241da7fb81d03bf8160cd
601241da7fb81d03bf8160cd- 1Information Technology Companiesfalse
- 2Free Trade Centrestrue
- 3Educational Institutionsfalse
- 4Marketing Centresfalse
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