Indian Economy Practice Question and Answer
8 Q: What is the rank of India in coffee production in the world?
1388 061139a1db7b4a6411ff6d003
61139a1db7b4a6411ff6d003- 14thfalse
- 25thfalse
- 36thtrue
- 47thfalse
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Answer : 3. "6th"
Q: What is the difference between total expenditure and total receipts in the budget figures of the Government of India called?
1384 06142e0f47bf581140ee4acd3
6142e0f47bf581140ee4acd3- 1Fiscal deficitfalse
- 2Revenue deficitfalse
- 3Budgetary deficittrue
- 4Current deficitfalse
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Answer : 3. "Budgetary deficit"
Q: How much of India's population is dependent on agricultural industry?
1383 05f7d4e1590b25c12b1ef7384
5f7d4e1590b25c12b1ef7384- 160%false
- 270%false
- 358.9%true
- 4Othersfalse
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Answer : 3. "58.9%"
Q: What are the different grounds for explaining economic development?
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5f7d50d01e5cb657ce31e32b- 1Gross National Productfalse
- 2per capita incomefalse
- 3Basis of economic welfarefalse
- 4All of thesetrue
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Answer : 4. "All of these"
Q: In India, which of the following statements about the National Investment Fund is true?
Statements:
I. It was created in 2005.
II. 75% of its annual income was to be used for schemes promoting health, education and employment.
III. It was dissolved in 2018.
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64c3886c9e9013486a7a03bcStatements:
I. It was created in 2005.
II. 75% of its annual income was to be used for schemes promoting health, education and employment.
III. It was dissolved in 2018.
- 1Only statement Ifalse
- 2Only statement IIfalse
- 3Only statements I and IIIfalse
- 4Only statements I and IItrue
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Answer : 4. "Only statements I and II"
Explanation :
All the statements about the National Investment Fund in India are true.
I. It was created in 2005.
II. 75% of its annual income was to be used for schemes promoting health, education and employment.
Q: Which one of the following items is in line with the definition of oligopoly?
1375 062c3f927a00ee61c312c26bf
62c3f927a00ee61c312c26bf- 1Cigarette Industrytrue
- 2Barber Shopfalse
- 3Gasoline Stationfalse
- 4Farmers who grow wheatfalse
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Answer : 1. "Cigarette Industry"
Q: Business comes under?
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6113979cb7b4a6411ff6c9d6- 1Trade and Industryfalse
- 2only tradefalse
- 3Commerce and Industryfalse
- 4trade, commerce and industrytrue
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Answer : 4. "trade, commerce and industry"
Q: Who is the body regulating stock exchanges in India?
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6088fd960ac1df7d9f7ff39b- 1N.S.Efalse
- 2S.E.B.Itrue
- 3R.B.I.false
- 4None of thesefalse
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