Indian Economy Practice Question and Answer

Q:

What is the rank of India in the world in the production of wind energy?

1243 0

  • 1
    2nd
    Correct
    Wrong
  • 2
    5th
    Correct
    Wrong
  • 3
    4th
    Correct
    Wrong
  • 4
    3rd
    Correct
    Wrong
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Answer : 2. "5th"

Q:

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

1238 0

  • 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:

“Micro” and “Macro” words was firstly used by–

1238 0

  • 1
    Ragnar Frisch
    Correct
    Wrong
  • 2
    I. Fischer
    Correct
    Wrong
  • 3
    James Tobin
    Correct
    Wrong
  • 4
    Garle
    Correct
    Wrong
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Answer : 1. "Ragnar Frisch "
Explanation :

Explain: -In 1933, Ragnar Frisch firstly used the words “Micro” and “Macro”

Q:

When is Consumer Rights Day celebrated?

1233 0

  • 1
    17 March
    Correct
    Wrong
  • 2
    15 March
    Correct
    Wrong
  • 3
    19 April
    Correct
    Wrong
  • 4
    22 April
    Correct
    Wrong
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Answer : 2. "15 March"

Q:

Labour Intensive Technique would get chosen in a–

1232 0

  • 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:

A foreign currency which has a tendency to migrate soon is called?

1226 0

  • 1
    soft currency
    Correct
    Wrong
  • 2
    Savarna Mudra
    Correct
    Wrong
  • 3
    Hot money
    Correct
    Wrong
  • 4
    Rare currency
    Correct
    Wrong
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Answer : 3. "Hot money"

Q:

Following region contributes most to India's GDP?

1223 0

  • 1
    Primary Sector
    Correct
    Wrong
  • 2
    Tertiary sector
    Correct
    Wrong
  • 3
    Secondary sector
    Correct
    Wrong
  • 4
    None of these
    Correct
    Wrong
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Answer : 2. "Tertiary sector"

Q:

India's rank among coal producing countries is?

1221 0

  • 1
    2nd
    Correct
    Wrong
  • 2
    3rd
    Correct
    Wrong
  • 3
    4th
    Correct
    Wrong
  • 4
    5th
    Correct
    Wrong
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Answer : 2. "3rd"

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