Indian Economy Practice Question and Answer

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–

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  • 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:

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 state has the highest per capita income?

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  • 1
    Gujarat
    Correct
    Wrong
  • 2
    Maharashtra
    Correct
    Wrong
  • 3
    Goa
    Correct
    Wrong
  • 4
    Punjab
    Correct
    Wrong
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Answer : 3. "Goa"

Q:

Multinational firm is– 

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  • 1
    A company started by foreign governments
    Correct
    Wrong
  • 2
    A single company established in different countries
    Correct
    Wrong
  • 3
    A company in India started by U.S. government
    Correct
    Wrong
  • 4
    A company started jointly by India and U.S. Ans.
    Correct
    Wrong
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Answer : 2. "A single company established in different countries "

Q:

What is the relationship between the value of money and the price level in an economy?

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  • 1
    stable
    Correct
    Wrong
  • 2
    inverse
    Correct
    Wrong
  • 3
    Anulom
    Correct
    Wrong
  • 4
    none of these
    Correct
    Wrong
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Answer : 2. "inverse"

Q:

Which of the following states has more tea plantations?

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  • 1
    Aasam
    Correct
    Wrong
  • 2
    Bihar
    Correct
    Wrong
  • 3
    Meghalaya
    Correct
    Wrong
  • 4
    Manipur
    Correct
    Wrong
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Answer : 1. "Aasam"

Q:

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

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

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