Indian Economy Practice Question and Answer
8 Q: With which form of economy is the term ‘Laissez-Faire’ associated?
1134 06336e8442ff7535af686e2b5
6336e8442ff7535af686e2b5- 1Capitalist Economytrue
- 2Socialist Economyfalse
- 3Mixed Economyfalse
- 4Command Economyfalse
- Show AnswerHide Answer
- Workspace
- SingleChoice
Answer : 1. "Capitalist Economy"
Q: When was the first agricultural census conducted?
1133 061139836e60c1d4cec268955
61139836e60c1d4cec268955- 11948false
- 21990false
- 31976false
- 41970true
- Show AnswerHide Answer
- Workspace
- SingleChoice
Answer : 4. "1970"
Q: The Indian census is generally held every ______.
1132 064391a9506979810acdff03c
64391a9506979810acdff03c- 1tenth yeartrue
- 2fourth yearfalse
- 3fifth yearfalse
- 4seventh yearfalse
- Show AnswerHide Answer
- Workspace
- SingleChoice
Answer : 1. "tenth year "
Q: Which of the following is NOT a public sector insurance company?
1131 064c24509bd3d25480680f920
64c24509bd3d25480680f920- 1United India Insurance Company Limitedfalse
- 2The New India Assurance Company Limitedfalse
- 3SBI Life Insurancetrue
- 4General Insurance Corporation of Indiafalse
- Show AnswerHide Answer
- Workspace
- SingleChoice
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: Which is the most suitable grain in India?
1131 060376ad69792c13b2858a591
60376ad69792c13b2858a591- 1Wheatfalse
- 2Barleyfalse
- 3Maizefalse
- 4Ricetrue
- Show AnswerHide Answer
- Workspace
- SingleChoice
Answer : 4. "Rice"
Q: Which is one of the factors of subsistence used to measure the Poverty Line in India?
1128 060b9f4b641fbe04381679f34
60b9f4b641fbe04381679f34- 1Equalityfalse
- 2Educationtrue
- 3Internetfalse
- 4Transportationfalse
- Show AnswerHide Answer
- Workspace
- SingleChoice
Answer : 2. "Education"
Q: What do you understand by closed economy?
1127 06052f0aea01bc44789ad1a4b
6052f0aea01bc44789ad1a4b- 1Import offfalse
- 2Export stoppedfalse
- 3controlled capitalfalse
- 4Stop Import-Exporttrue
- Show AnswerHide Answer
- Workspace
- SingleChoice
Answer : 4. "Stop Import-Export"
Q: Amartya Sen was awarded the Noble Prize for his contribution to–
1126 06336e5cc30141c336c3a466b
6336e5cc30141c336c3a466b- 1Monetary Economicsfalse
- 2Welfare Economicstrue
- 3Econometricsfalse
- 4Development Economicsfalse
- Show AnswerHide Answer
- Workspace
- SingleChoice
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.