Indian Economy Practice Question and Answer

Q:

Which is the most suitable grain in India?

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  • 1
    Wheat
    Correct
    Wrong
  • 2
    Barley
    Correct
    Wrong
  • 3
    Maize
    Correct
    Wrong
  • 4
    Rice
    Correct
    Wrong
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Answer : 4. "Rice"

Q:

The best Example of capital intensive industry in India is- 

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  • 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.

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 Social Accounting system in India is classified into–

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  • 1
    Assets, Liabilities and Debt Position
    Correct
    Wrong
  • 2
    Public sector, Private Sector and Joint Sector
    Correct
    Wrong
  • 3
    Income, Product and Expenditure
    Correct
    Wrong
  • 4
    Enterprise, Households and Government
    Correct
    Wrong
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Answer : 3. "Income, Product and Expenditure"
Explanation :

Explain: -The Social Accounting system in India is classified into income, Product and Expenditure Social accounting (also known as social accounting and auditing, social accountability, social and environmental accounting, corporate social reporting, corporate social responsibility reporting, non-financial reporting or accounting) is the process of communicating the social and environmental effects of organizations.

Q:

Which of the following is NOT a public sector insurance company?

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  • 1
    United India Insurance Company Limited
    Correct
    Wrong
  • 2
    The New India Assurance Company Limited
    Correct
    Wrong
  • 3
    SBI Life Insurance
    Correct
    Wrong
  • 4
    General Insurance Corporation of India
    Correct
    Wrong
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Answer : 3. "SBI Life Insurance"
Explanation :

There are public sector insurance companies.

1. United India Insurance Company Limited

2. The New India Assurance Company Limited

3. General Insurance Corporation of India

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:

In which year the right to service was imposed in Bihar?

952 0

  • 1
    2011
    Correct
    Wrong
  • 2
    2012
    Correct
    Wrong
  • 3
    1980
    Correct
    Wrong
  • 4
    1999
    Correct
    Wrong
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Answer : 1. "2011"

Q:

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

950 0

  • 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"

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