Indian Economy Practice Question and Answer

Q:

Which of the following is not investment  expenditure in good and servies?

1275 0

  • 1
    Purchase of a house
    Correct
    Wrong
  • 2
    Purchase of a machinery
    Correct
    Wrong
  • 3
    Expansion of the main plant of a company
    Correct
    Wrong
  • 4
    An increases in business inventories
    Correct
    Wrong
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Answer : 1. "Purchase of a house"

Q:

Which state is the largest producer of pepper in India?

1274 0

  • 1
    Tamil Nadu
    Correct
    Wrong
  • 2
    Andhra Pradesh
    Correct
    Wrong
  • 3
    Kerala
    Correct
    Wrong
  • 4
    Meghalaya
    Correct
    Wrong
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Answer : 3. "Kerala"

Q:

Where is the national center of organic Fertilizer production?

1274 0

  • 1
    Hyderabad
    Correct
    Wrong
  • 2
    Ghaziabad
    Correct
    Wrong
  • 3
    Nellore
    Correct
    Wrong
  • 4
    Dehradun
    Correct
    Wrong
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Answer : 2. "Ghaziabad"

Q:

In which country did the Industrial Revolution first take place?

1271 0

  • 1
    England
    Correct
    Wrong
  • 2
    France
    Correct
    Wrong
  • 3
    Germany
    Correct
    Wrong
  • 4
    India
    Correct
    Wrong
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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 0

  • 1
    Revenue Deficit
    Correct
    Wrong
  • 2
    Fiscal Deficit
    Correct
    Wrong
  • 3
    Effective Revenue Deficit
    Correct
    Wrong
  • 4
    Primary Deficit
    Correct
    Wrong
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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 0

  • 1
    24 December
    Correct
    Wrong
  • 2
    1 March
    Correct
    Wrong
  • 3
    10 April
    Correct
    Wrong
  • 4
    10 December
    Correct
    Wrong
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Answer : 1. "24 December"

Q:

Which method is used in calculating national income in India?

1267 0

  • 1
    Origin calculation method
    Correct
    Wrong
  • 2
    Income Law
    Correct
    Wrong
  • 3
    both of the above
    Correct
    Wrong
  • 4
    None of these
    Correct
    Wrong
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Answer : 3. "both of the above"

Q:

Of the following land uses, which is restricted to Special Economic Zones?

1264 0

  • 1
    Information Technology Companies
    Correct
    Wrong
  • 2
    Free Trade Centres
    Correct
    Wrong
  • 3
    Educational Institutions
    Correct
    Wrong
  • 4
    Marketing Centres
    Correct
    Wrong
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Answer : 2. "Free Trade Centres"

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