Indian Economy Practice Question and Answer
8 4 Q:
5fc219a696415e6951aefce8 4 Answer : 1. "Counting the votes in an election to determine the next governor"
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5fc217a096415e6951aee167 4 Q:
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5d42afc429741f37c2549fe5 4 Q:
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Q: What is the name of the currency of Bangladesh?
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5fc219a696415e6951aefce8- 1Rupeefalse
- 2Dollarfalse
- 3Takatrue
- 4Dinarfalse
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Answer : 3. "Taka"
Q: Which of the following activities are examples of data gathering? 4882 05b5cc601e4d2b4197774b458
5b5cc601e4d2b4197774b458- 1Counting the votes in an election to determine the next governortrue
- 2Making a pie chart showing the kinds of television sets owned by people in a sample of 1,000false
- 3Finding the mean weight of cancer patients in a studyfalse
- 4Using the results of a mathematical model to predict the next day's weatherfalse
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Answer : 1. "Counting the votes in an election to determine the next governor"
Explanation :
Answer: A) Counting the votes in an election to determine the next governor Explanation: Option A) "Counting the votes in an election to determine the next governor" is the only one where data gathering is done. In all other options, data is already collected and now analyzing of data is going on.
Q: When the price of a commodity falls, we can expect:
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5d944a1eeef89a492b2e290d- 1The supply of it to increasefalse
- 2The demand for it to fallfalse
- 3The demand for it to stay constantfalse
- 4The demand for it to increasetrue
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Answer : 4. "The demand for it to increase"
Q: Which currency is legally recognized in our country?
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5fc217a096415e6951aee167- 1Good moneyfalse
- 2Credit-currencyfalse
- 3letter moneytrue
- 4Checkfalse
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Answer : 3. "letter money"
Q: This personality is known as the Father of Economics. Can you identify him from the given options?
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5d9430d815db5f22bbeb434a- 1J.M. Keynesfalse
- 2Adam Smithtrue
- 3Abraham Maslowfalse
- 4J.K. Galbraithfalse
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Answer : 2. "Adam Smith"
Q: Indian economy has a 'loose period'
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5fa1126833d1d86b9ab7247f- 1March – Aprilfalse
- 2September – Decemberfalse
- 3January – Junetrue
- 4February – Aprilfalse
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Answer : 3. "January – June"
Q: Subsidies mean that is
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5d42afc429741f37c2549fe5- 1payment by government for purchase of goods and servicesfalse
- 2payment made by business enterprises to factors of productionfalse
- 3payment made by companies to shareholdersfalse
- 4payment made by the government to business enterprises, without buying any goods and servicestrue
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Answer : 4. "payment made by the government to business enterprises, without buying any goods and services"
Q: Which country is the largest producer of coarse grains in the world?
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5efbfd54d7fe817321ad3a05- 1Indiatrue
- 2Japanfalse
- 3Russiafalse
- 4Chinafalse
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Answer : 1. "India"
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