Indian Economy Practice Question and Answer

Q:

Rent is a cost paid for–

1199 0

  • 1
    Land
    Correct
    Wrong
  • 2
    Restaurant
    Correct
    Wrong
  • 3
    Building
    Correct
    Wrong
  • 4
    Factory
    Correct
    Wrong
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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:

The national income is divided by the per capita income?

1196 0

  • 1
    Area of the country
    Correct
    Wrong
  • 2
    Total population of the country
    Correct
    Wrong
  • 3
    Quantity of capital used
    Correct
    Wrong
  • 4
    None of these
    Correct
    Wrong
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Answer : 2. "Total population of the country"

Q:

The largest producer of cellphones in the world is the country?

1196 0

  • 1
    China
    Correct
    Wrong
  • 2
    America
    Correct
    Wrong
  • 3
    France
    Correct
    Wrong
  • 4
    India
    Correct
    Wrong
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Answer : 1. "China"

Q:

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

1195 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:

In which industry sector has India had more success?

1194 0

  • 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"

Q:

In which country was the declaration of consumer rights?

1194 0

  • 1
    China
    Correct
    Wrong
  • 2
    Japan
    Correct
    Wrong
  • 3
    England
    Correct
    Wrong
  • 4
    United States
    Correct
    Wrong
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Answer : 4. "United States"

Q:

Disguised unemployment is commonly seen in India.

1193 0

  • 1
    In the service sector
    Correct
    Wrong
  • 2
    In the agricultural sector
    Correct
    Wrong
  • 3
    Factory area
    Correct
    Wrong
  • 4
    All these
    Correct
    Wrong
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Answer : 2. "In the agricultural sector"

Q:

The best Example of capital intensive industry in India is- 

1192 0

  • 1
    Textile industry
    Correct
    Wrong
  • 2
    Steel industry
    Correct
    Wrong
  • 3
    Tourism industry
    Correct
    Wrong
  • 4
    Spare goods industry.
    Correct
    Wrong
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Answer : 2. "Steel industry "
Explanation :

Explain: -Intensive industry are those industries which need large amount of capital for investment.

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