Indian Economy Practice Question and Answer
8 Q: Which one of the following taxes is not a direct tax?
1313 06042035a5eea8b66535f2351
6042035a5eea8b66535f2351- 1Sales taxtrue
- 2Estate dutyfalse
- 3Gift taxfalse
- 4Wealth taxfalse
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Answer : 1. "Sales tax "
Q: Small farmers are defined in the country as those farmers who have holding area-
1313 05f9fc879a00b420b05d536df
5f9fc879a00b420b05d536df- 1Less than one hectarefalse
- 2One to two hectarestrue
- 3two to three hectaresfalse
- 4three to four hectaresfalse
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Answer : 2. "One to two hectares"
Q: When was the first agricultural census conducted?
1312 061139836e60c1d4cec268955
61139836e60c1d4cec268955- 11948false
- 21990false
- 31976false
- 41970true
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Answer : 4. "1970"
Q: Which is the financial year from which disinvestment in public enterprises started?
1311 061139725f65c04691bf24b56
61139725f65c04691bf24b56- 11970-1971false
- 21991-1992true
- 31994-1995false
- 4none of thesefalse
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Answer : 2. "1991-1992"
Q: In which industry sector has India had more success?
1304 0603764a8cd43d04a8f4b676e
603764a8cd43d04a8f4b676e- 1Computer Hardwarefalse
- 2Computer Softwaretrue
- 3bothfalse
- 4None of thesefalse
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Answer : 2. "Computer Software"
Q: The Indian census is generally held every ______.
1297 064391a9506979810acdff03c
64391a9506979810acdff03c- 1tenth yeartrue
- 2fourth yearfalse
- 3fifth yearfalse
- 4seventh yearfalse
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Answer : 1. "tenth year "
Q: Amartya Sen was awarded the Noble Prize for his contribution to–
1296 06336e5cc30141c336c3a466b
6336e5cc30141c336c3a466b- 1Monetary Economicsfalse
- 2Welfare Economicstrue
- 3Econometricsfalse
- 4Development Economicsfalse
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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 060d3127f1cefce3a61b2567b
60d3127f1cefce3a61b2567b- 1purchasing power of moneytrue
- 2Nature of workfalse
- 3additional incomefalse
- 4none of thesefalse
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