Indian Economy Practice Question and Answer

Q:

Small farmers are defined in the country as those farmers who have holding area-

1235 0

  • 1
    Less than one hectare
    Correct
    Wrong
  • 2
    One to two hectares
    Correct
    Wrong
  • 3
    two to three hectares
    Correct
    Wrong
  • 4
    three to four hectares
    Correct
    Wrong
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Answer : 2. "One to two hectares"

Q:

With which form of economy is the term ‘Laissez-Faire’ associated?

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  • 1
    Capitalist Economy
    Correct
    Wrong
  • 2
    Socialist Economy
    Correct
    Wrong
  • 3
    Mixed Economy
    Correct
    Wrong
  • 4
    Command Economy
    Correct
    Wrong
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Answer : 1. "Capitalist Economy"

Q:

When was the first agricultural census conducted?

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

Q:

Which state has the highest per capita income?

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  • 1
    Gujarat
    Correct
    Wrong
  • 2
    Maharashtra
    Correct
    Wrong
  • 3
    Goa
    Correct
    Wrong
  • 4
    Punjab
    Correct
    Wrong
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Answer : 3. "Goa"

Q:

Central bank of our country is 

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  • 1
    State Bank of India
    Correct
    Wrong
  • 2
    Reserve Bank of India
    Correct
    Wrong
  • 3
    Central Bank of India
    Correct
    Wrong
  • 4
    Bank of Baroda
    Correct
    Wrong
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Answer : 2. "Reserve Bank of India "
Explanation :

1. The central bank of our country is the Reserve Bank of India.

2. It is the supreme bank of India and determines the monetary policy of the country.

3. RBI was established on April 1, 1935 under the Reserve Bank of India Act, 1934.

Q:

Benefit from inflation?

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  • 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:

Who assesses the national income numbers in India?

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  • 1
    Planning Commission Ministry of Finance
    Correct
    Wrong
  • 2
    Central Statistical Organization
    Correct
    Wrong
  • 3
    Reserve Bank of India
    Correct
    Wrong
  • 4
    Reserve Bank of India
    Correct
    Wrong
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Answer : 2. "Central Statistical Organization"

Q:

The Indian census is generally held every ______. 

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  • 1
    tenth year
    Correct
    Wrong
  • 2
    fourth year
    Correct
    Wrong
  • 3
    fifth year
    Correct
    Wrong
  • 4
    seventh year
    Correct
    Wrong
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Answer : 1. "tenth year "

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