Indian Economy Practice Question and Answer
8 4 Q:
6052f5074999e13f2a6bcec2 4 Q:
60d30d231cefce3a61b24615 4 Q:
60c355e63ef9d27847d12d6e 4 Q:
6336e30b5c208a6bf71b48c9 Answer : 1. "Land "
4 Q:
6052f21d4999e13f2a6bb4ae 4 Q:
64107095b34a0b67fcdc5b97 4 Q:
6336e02993021d4ee41ad5b8 Answer : 1. "Ragnar Frisch "
4 Q:
60376855cd43d04a8f4b6c74
Q: Following region contributes most to India's GDP?
1362 06052f5074999e13f2a6bcec2
6052f5074999e13f2a6bcec2- 1Primary Sectorfalse
- 2Tertiary sectortrue
- 3Secondary sectorfalse
- 4None of thesefalse
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Answer : 2. "Tertiary sector"
Q: When was the Life Insurance Corporation of India established?
1360 060d30d231cefce3a61b24615
60d30d231cefce3a61b24615- 11960false
- 21980false
- 31956true
- 41975false
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Answer : 3. "1956"
Q: According to law of supply, if everything is equal then an increase in price results in ________.
1359 060c355e63ef9d27847d12d6e
60c355e63ef9d27847d12d6e- 1Decrease in quantity suppliedfalse
- 2Increase in quantity suppliedtrue
- 3Decrease in quantity demandedfalse
- 4Increase in quantity demandedfalse
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Answer : 2. "Increase in quantity supplied "
Q: Rent is a cost paid for–
1351 06336e30b5c208a6bf71b48c9
6336e30b5c208a6bf71b48c9- 1Landtrue
- 2Restaurantfalse
- 3Buildingfalse
- 4Factoryfalse
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Answer : 1. "Land "
Explanation :
Explain: -Rent is a cost paid for land as wages and interest are paid for labour and capital respectively.
Q: What is the maximum contribution to the national income of India?
1350 06052f21d4999e13f2a6bb4ae
6052f21d4999e13f2a6bb4ae- 1Service Sectortrue
- 2Business Areafalse
- 3Agricultural sectorfalse
- 4Industry Sectorfalse
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Answer : 1. "Service Sector"
Q: The financial year in the Indian economy runs from ______.
1349 064107095b34a0b67fcdc5b97
64107095b34a0b67fcdc5b97- 11 January to 31 Mayfalse
- 21 April to 30 Junefalse
- 31 June to 31 Marchfalse
- 41 April to 31 Marchtrue
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Answer : 4. "1 April to 31 March"
Q: “Micro” and “Macro” words was firstly used by–
1345 06336e02993021d4ee41ad5b8
6336e02993021d4ee41ad5b8- 1Ragnar Frischtrue
- 2I. Fischerfalse
- 3James Tobinfalse
- 4Garlefalse
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Answer : 1. "Ragnar Frisch "
Explanation :
Explain: -In 1933, Ragnar Frisch firstly used the words “Micro” and “Macro”
Q: When was the Human Rights Commission established?
1343 060376855cd43d04a8f4b6c74
60376855cd43d04a8f4b6c74- 11993true
- 21994false
- 31995false
- 42005false
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Answer : 1. "1993"
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