Indian Economy Practice Question and Answer
8 Q: Which is the most suitable grain in India?
967 060376ad69792c13b2858a591
60376ad69792c13b2858a591- 1Wheatfalse
- 2Barleyfalse
- 3Maizefalse
- 4Ricetrue
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Answer : 4. "Rice"
Q: The best Example of capital intensive industry in India is-
966 0632c4aff1656651c9ea35b9e
632c4aff1656651c9ea35b9e- 1Textile industryfalse
- 2Steel industrytrue
- 3Tourism industryfalse
- 4Spare goods industry.false
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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?
963 06052f37c528a962d2e41a137
6052f37c528a962d2e41a137- 1Planning Commission Ministry of Financefalse
- 2Central Statistical Organizationtrue
- 3Reserve Bank of Indiafalse
- 4Reserve Bank of Indiafalse
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Answer : 2. "Central Statistical Organization"
Q: The Social Accounting system in India is classified into–
962 06336e27130141c336c3a222e
6336e27130141c336c3a222e- 1Assets, Liabilities and Debt Positionfalse
- 2Public sector, Private Sector and Joint Sectorfalse
- 3Income, Product and Expendituretrue
- 4Enterprise, Households and Governmentfalse
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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?
960 064c24509bd3d25480680f920
64c24509bd3d25480680f920- 1United India Insurance Company Limitedfalse
- 2The New India Assurance Company Limitedfalse
- 3SBI Life Insurancetrue
- 4General Insurance Corporation of Indiafalse
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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?
955 061139836e60c1d4cec268955
61139836e60c1d4cec268955- 11948false
- 21990false
- 31976false
- 41970true
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Answer : 4. "1970"
Q: In which year the right to service was imposed in Bihar?
952 06037678b9d90e74af72bd308
6037678b9d90e74af72bd308- 12011true
- 22012false
- 31980false
- 41999false
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Answer : 1. "2011"
Q: With which form of economy is the term ‘Laissez-Faire’ associated?
950 06336e8442ff7535af686e2b5
6336e8442ff7535af686e2b5- 1Capitalist Economytrue
- 2Socialist Economyfalse
- 3Mixed Economyfalse
- 4Command Economyfalse
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