Indian Economy Practice Question and Answer
8 Q: Amartya Sen was awarded the Noble Prize for his contribution to–
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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 is one of the factors of subsistence used to measure the Poverty Line in India?
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60b9f4b641fbe04381679f34- 1Equalityfalse
- 2Educationtrue
- 3Internetfalse
- 4Transportationfalse
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Answer : 2. "Education"
Q: The Reserve Bank of India has an accounting year?
1188 06088fae49f98193d2deb2a9e
6088fae49f98193d2deb2a9e- 1October - Septemberfalse
- 2April-Marchtrue
- 3July-Junefalse
- 4None of thesefalse
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Answer : 2. "April-March"
Q: What percentage of GDP of agriculture sector in India is spent on agricultural research?
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61139878b7b4a6411ff6cb25- 15 %false
- 20.5 %false
- 30.3%true
- 43 %false
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Answer : 3. "0.3%"
Q: In view of which of the following are cottage and small scale industries necessary in the Indian economy?
1184 060d3155c64466567bd7557ae
60d3155c64466567bd7557ae- 1employment generationtrue
- 2Income Generationfalse
- 3low costfalse
- 4none of thesefalse
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Answer : 1. "employment generation"
Q: National Insurance Awareness Day was observed on which day?
1182 061b1f27545c0db34860a8736
61b1f27545c0db34860a8736- 126 Junefalse
- 227 Junefalse
- 328 Junetrue
- 429 Junefalse
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Answer : 3. "28 June"
Q: What is the name of the amount from which the business is started?
1179 05fb7b1ab874fcb1994ba6a1a
5fb7b1ab874fcb1994ba6a1a- 1Cashfalse
- 2Capitaltrue
- 3Propertyfalse
- 4None of thesefalse
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Answer : 2. "Capital"
Q: The basic characteristic of a capitalistic economy is–
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6042013672ea7a693838292c- 1absence of monopolyfalse
- 2large-scale production in primary industriesfalse
- 3full employmentfalse
- 4the private ownership of the means of productiontrue
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