Indian Economy Practice Question and Answer

Q:

When was the first agricultural census conducted?

1487 0

  • 1
    1948
    Correct
    Wrong
  • 2
    1990
    Correct
    Wrong
  • 3
    1976
    Correct
    Wrong
  • 4
    1970
    Correct
    Wrong
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Answer : 4. "1970"

Q:

When was the Life Insurance Corporation of India established?

1483 0

  • 1
    1960
    Correct
    Wrong
  • 2
    1980
    Correct
    Wrong
  • 3
    1956
    Correct
    Wrong
  • 4
    1975
    Correct
    Wrong
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Answer : 3. "1956"

Q:

When was the Human Rights Commission established?

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  • 1
    1993
    Correct
    Wrong
  • 2
    1994
    Correct
    Wrong
  • 3
    1995
    Correct
    Wrong
  • 4
    2005
    Correct
    Wrong
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Answer : 1. "1993"

Q:

According to law of supply, if everything is equal then an increase in price results in ________. 

1480 0

  • 1
    Decrease in quantity supplied
    Correct
    Wrong
  • 2
    Increase in quantity supplied
    Correct
    Wrong
  • 3
    Decrease in quantity demanded
    Correct
    Wrong
  • 4
    Increase in quantity demanded
    Correct
    Wrong
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Answer : 2. "Increase in quantity supplied "

Q:

When is Consumer Rights Day celebrated?

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  • 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:

In an economy, on what basis are sectors classified into public and private?

1478 0

  • 1
    Terms of employment
    Correct
    Wrong
  • 2
    Ownership of enterprises
    Correct
    Wrong
  • 3
    Use of raw materials
    Correct
    Wrong
  • 4
    None of these
    Correct
    Wrong
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Answer : 2. "Ownership of enterprises"

Q:

Benefit from inflation?

1477 0

  • 1
    debtor
    Correct
    Wrong
  • 2
    Lender
    Correct
    Wrong
  • 3
    Saver
    Correct
    Wrong
  • 4
    Pension Recipients
    Correct
    Wrong
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Answer : 1. "debtor"

Q:

What is the maximum contribution to the national income of India?

1473 0

  • 1
    Service Sector
    Correct
    Wrong
  • 2
    Business Area
    Correct
    Wrong
  • 3
    Agricultural sector
    Correct
    Wrong
  • 4
    Industry Sector
    Correct
    Wrong
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Answer : 1. "Service Sector"

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