Indian Economy Practice Question and Answer

Q:

Which one of the following taxes is not a direct tax?

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  • 1
    Sales tax
    Correct
    Wrong
  • 2
    Estate duty
    Correct
    Wrong
  • 3
    Gift tax
    Correct
    Wrong
  • 4
    Wealth tax
    Correct
    Wrong
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Answer : 1. "Sales tax "

Q:

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

1313 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:

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 is the financial year from which disinvestment in public enterprises started?

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  • 1
    1970-1971
    Correct
    Wrong
  • 2
    1991-1992
    Correct
    Wrong
  • 3
    1994-1995
    Correct
    Wrong
  • 4
    none of these
    Correct
    Wrong
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Answer : 2. "1991-1992"

Q:

In which industry sector has India had more success?

1304 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:

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 "

Q:

Amartya Sen was awarded the Noble Prize for his contribution to–

1296 0

  • 1
    Monetary Economics
    Correct
    Wrong
  • 2
    Welfare Economics
    Correct
    Wrong
  • 3
    Econometrics
    Correct
    Wrong
  • 4
    Development Economics
    Correct
    Wrong
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Answer : 2. "Welfare Economics"
Explanation :

Explain: -For Welfare Economics and Social Choice Theory, Amartya Sen, in 1998 was awarded the Noble Prize. Welfare economics is a branch of economics that uses microeconomic techniques to evaluate well-being (welfare) at the aggregate (economy-wide) level. ... The field of welfare economics is associated with two fundamental theorems.

Q:

Which of the following is considered as the main determinant of real wages?

1296 0

  • 1
    purchasing power of money
    Correct
    Wrong
  • 2
    Nature of work
    Correct
    Wrong
  • 3
    additional income
    Correct
    Wrong
  • 4
    none of these
    Correct
    Wrong
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Answer : 1. "purchasing power of money"

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