Indian Economy Practice Question and Answer
8 4 Q:
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6052f1d9a01bc44789ad1d80 4 Q:
60c355e63ef9d27847d12d6e 4 Q:
6336e30b5c208a6bf71b48c9 Answer : 1. "Land "
4 Q:
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64107095b34a0b67fcdc5b97 4 Q:
6052f21d4999e13f2a6bb4ae 4 Q:
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Q: Disguised unemployment is commonly seen in India.
1284 06052f0f84999e13f2a6bb0b1
6052f0f84999e13f2a6bb0b1- 1In the service sectorfalse
- 2In the agricultural sectortrue
- 3Factory areafalse
- 4All thesefalse
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Answer : 2. "In the agricultural sector"
Q: In an economy, on what basis are sectors classified into public and private?
1283 06052f1d9a01bc44789ad1d80
6052f1d9a01bc44789ad1d80- 1Terms of employmentfalse
- 2Ownership of enterprisestrue
- 3Use of raw materialsfalse
- 4None of thesefalse
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Answer : 2. "Ownership of enterprises"
Q: According to law of supply, if everything is equal then an increase in price results in ________.
1277 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–
1276 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: ‘Functional Finance’ is associated with–
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60124089af82aa3010a65a68- 1Abba ‘P’ Lernertrue
- 2Adolph Wognerfalse
- 3Adam Smithfalse
- 4Adamsfalse
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Answer : 1. "Abba ‘P’ Lerner "
Q: The financial year in the Indian economy runs from ______.
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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: What is the maximum contribution to the national income of India?
1272 06052f21d4999e13f2a6bb4ae
6052f21d4999e13f2a6bb4ae- 1Service Sectortrue
- 2Business Areafalse
- 3Agricultural sectorfalse
- 4Industry Sectorfalse
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Answer : 1. "Service Sector"
Q: In which country was the declaration of consumer rights?
1271 06037673e9792c13b28589f03
6037673e9792c13b28589f03- 1Chinafalse
- 2Japanfalse
- 3Englandfalse
- 4United Statestrue
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Answer : 4. "United States"
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