Indian Economy Practice Question and Answer
8 Q: Which of the following is not an example of direct tax?
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5dad4ba3b5a6216f3cc6951a- 1Income taxfalse
- 2Property taxfalse
- 3Gift taxfalse
- 4Sales taxtrue
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Answer : 4. "Sales tax"
Q: Which three indicators are used in the Human Development Index (HDI)?
I. Standard of living
II. Education
III. Life expectancy
IV. Condition of environment
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5d776efba1321a5b0b596cc4- 1Only I, II & IVfalse
- 2Only I, II, & IIItrue
- 3Only I & IIfalse
- 4All of the abovefalse
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Answer : 2. "Only I, II, & III"
Q: If Reserve Bank of India reduces the cash reserve ratio, it will :
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5d7f1667e6db8b0af6526c72- 1increase credit creationtrue
- 2decrease credit creationfalse
- 3have no impact on credit creationfalse
- 4have no definite impact on credit creationfalse
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Answer : 1. "increase credit creation"
Q: Value of Total Goods and Services produced in a country is its _____________ .
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5dc8e869513f8a7589a023c1- 1Gross Domestic Producttrue
- 2Gross Revenue Incomefalse
- 3Total Goods Revenuefalse
- 4Total Incomefalse
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Answer : 1. "Gross Domestic Product"
Q: Which of the following activities are examples of data gathering? 3680 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: Short-term finance is usually for a period ranging up to
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5d42ab8757579c3e8f509307- 15 monthsfalse
- 210 monthsfalse
- 312 monthstrue
- 48 monthsfalse
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Answer : 3. "12 months "
Q: In a cut motion, when the amount of demand is reduced by Rs 100/- , it is known as
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5d7b8785268c0f29d590e05d- 1Disapproval of policy cutfalse
- 2Economy cutfalse
- 3Vote on Accountfalse
- 4Token cuttrue
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Answer : 4. "Token cut"
Q: The Economic development depends on-
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5dc8e8e754f77a2c5d35c2a2- 1Natural resourcesfalse
- 2Capital formationfalse
- 3Size of the marketfalse
- 4All of thesetrue
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