Indian Economy Practice Question and Answer
8 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.
1552 064c3886c9e9013486a7a03bc
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: The Social Accounting system in India is classified into–
1549 06336e27130141c336c3a222e
6336e27130141c336c3a222e- 1Assets, Liabilities and Debt Positionfalse
- 2Public sector, Private Sector and Joint Sectorfalse
- 3Income, Product and Expendituretrue
- 4Enterprise, Households and Governmentfalse
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Answer : 3. "Income, Product and Expenditure"
Explanation :
Explain: -The Social Accounting system in India is classified into income, Product and Expenditure Social accounting (also known as social accounting and auditing, social accountability, social and environmental accounting, corporate social reporting, corporate social responsibility reporting, non-financial reporting or accounting) is the process of communicating the social and environmental effects of organizations.
Q: What is the difference between total expenditure and total receipts in the budget figures of the Government of India called?
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6142e0f47bf581140ee4acd3- 1Fiscal deficitfalse
- 2Revenue deficitfalse
- 3Budgetary deficittrue
- 4Current deficitfalse
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Answer : 3. "Budgetary deficit"
Q: The largest producer of cellphones in the world is the country?
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6142dfd371a4af142b0e5f00- 1Chinatrue
- 2Americafalse
- 3Francefalse
- 4Indiafalse
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Answer : 1. "China"
Q: The national income is divided by the per capita income?
1539 06052f4b1a37d522d6c188242
6052f4b1a37d522d6c188242- 1Area of the countryfalse
- 2Total population of the countrytrue
- 3Quantity of capital usedfalse
- 4None of thesefalse
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Answer : 2. "Total population of the country"
Q: India is ranked on the basis of GDP?
1537 05f7d4e943371cf6f4d4e3bac
5f7d4e943371cf6f4d4e3bac- 15false
- 23false
- 37true
- 413false
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Answer : 3. "7"
Q: The first oil refinery in India was established
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5f9fba0f33d1d86b9ab0fd44- 1Baraunifalse
- 2Visakhapatnamfalse
- 3Digboitrue
- 4Mumbaifalse
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Answer : 3. "Digboi"
Q: Of the following land uses, which is restricted to Special Economic Zones?
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601241da7fb81d03bf8160cd- 1Information Technology Companiesfalse
- 2Free Trade Centrestrue
- 3Educational Institutionsfalse
- 4Marketing Centresfalse
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