Indian Economy Practice Question and Answer

Q:

In which year liberal industrial policy was adopted in India?

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  • 1
    1945
    Correct
    Wrong
  • 2
    1975
    Correct
    Wrong
  • 3
    1991
    Correct
    Wrong
  • 4
    1980
    Correct
    Wrong
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Answer : 3. "1991"

Q:

GNP differs from NNP due to 

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  • 1
    Interest on public debt
    Correct
    Wrong
  • 2
    depreciation
    Correct
    Wrong
  • 3
    net indirect taxes
    Correct
    Wrong
  • 4
    direct taxes
    Correct
    Wrong
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Answer : 2. "depreciation "

Q:

_____ is the primary sector of the Indian economy.

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  • 1
    Banking
    Correct
    Wrong
  • 2
    Information and Technology
    Correct
    Wrong
  • 3
    Agriculture
    Correct
    Wrong
  • 4
    Judiciary
    Correct
    Wrong
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Answer : 3. "Agriculture"

Q:

'Gresham's law' is related to which of the following?

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  • 1
    circulation of currency
    Correct
    Wrong
  • 2
    Supply and demand
    Correct
    Wrong
  • 3
    deficit economy
    Correct
    Wrong
  • 4
    circulation of currency
    Correct
    Wrong
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Answer : 4. "circulation of currency"

Q:

What is the percentage of the female population according to the 2011 census? 

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  • 1
    42.53 %
    Correct
    Wrong
  • 2
    40.53 %
    Correct
    Wrong
  • 3
    48.53 %
    Correct
    Wrong
  • 4
    45.53 %
    Correct
    Wrong
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Answer : 3. "48.53 % "

Q:

Labour Intensive Technique would get chosen in a–

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  • 1
    Labour Surplus Economy
    Correct
    Wrong
  • 2
    Capital Surplus Economy
    Correct
    Wrong
  • 3
    Developed Economy
    Correct
    Wrong
  • 4
    Developing Economy
    Correct
    Wrong
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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:

‘Functional Finance’ is associated with–

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  • 1
    Abba ‘P’ Lerner
    Correct
    Wrong
  • 2
    Adolph Wogner
    Correct
    Wrong
  • 3
    Adam Smith
    Correct
    Wrong
  • 4
    Adams
    Correct
    Wrong
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Answer : 1. "Abba ‘P’ Lerner "

Q:

In which industry sector has India had more success?

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  • 1
    Computer Hardware
    Correct
    Wrong
  • 2
    Computer Software
    Correct
    Wrong
  • 3
    both
    Correct
    Wrong
  • 4
    None of these
    Correct
    Wrong
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Answer : 2. "Computer Software"

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