Indian Economy Practice Question and Answer
8 Q: Labour Intensive Technique would get chosen in a–
1324 06336e53793021d4ee41b0a34
6336e53793021d4ee41b0a34- 1Labour Surplus Economytrue
- 2Capital Surplus Economyfalse
- 3Developed Economyfalse
- 4Developing Economyfalse
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Answer : 1. "Labour Surplus Economy"
Explanation :
Expl:- Labour Intensive Technique will be chosen in Labour Surplus Economy because in such economy labour cost is low.
Q: 'Gresham's law' is related to which of the following?
1324 06052f593a37d522d6c1882f5
6052f593a37d522d6c1882f5- 1circulation of currencyfalse
- 2Supply and demandfalse
- 3deficit economyfalse
- 4circulation of currencytrue
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Answer : 4. "circulation of currency"
Q: India's rank among coal producing countries is?
1319 0611391dde60c1d4cec267649
611391dde60c1d4cec267649- 12ndfalse
- 23rdtrue
- 34thfalse
- 45thfalse
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Answer : 2. "3rd"
Q: The Bombay Stock Exchange established was?
1318 06088fdf70ac1df7d9f7ff429
6088fdf70ac1df7d9f7ff429- 11890false
- 21865false
- 31875true
- 41881false
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Answer : 3. "1875 "
Q: A foreign currency which has a tendency to migrate soon is called?
1317 06088f57706b39f63ea8edd1a
6088f57706b39f63ea8edd1a- 1soft currencyfalse
- 2Savarna Mudrafalse
- 3Hot moneytrue
- 4Rare currencyfalse
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Answer : 3. "Hot money"
Q: The Views of eminent economist Robert Malthus on Population is–
1312 06336e6382ff7535af686daa3
6336e6382ff7535af686daa3- 1Pessimistictrue
- 2Optimisticfalse
- 3Both (a) and (b)false
- 4None of the abovefalse
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Answer : 1. "Pessimistic "
Explanation :
The Malthusian theory explained that the human population grows more rapidly than the food supply until famines, war or disease reduces the population. He believed that the human population has risen over the past three centuries.
Q: When was the Life Insurance Corporation of India established?
1312 060d30d231cefce3a61b24615
60d30d231cefce3a61b24615- 11960false
- 21980false
- 31956true
- 41975false
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Answer : 3. "1956"
Q: Following region contributes most to India's GDP?
1306 06052f5074999e13f2a6bcec2
6052f5074999e13f2a6bcec2- 1Primary Sectorfalse
- 2Tertiary sectortrue
- 3Secondary sectorfalse
- 4None of thesefalse
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