Indian Economy Practice Question and Answer
8 Q: In view of which of the following are cottage and small scale industries necessary in the Indian economy?
1098 060d3155c64466567bd7557ae
60d3155c64466567bd7557ae- 1employment generationtrue
- 2Income Generationfalse
- 3low costfalse
- 4none of thesefalse
- Show AnswerHide Answer
- Workspace
- SingleChoice
Answer : 1. "employment generation"
Q: The basic characteristic of a capitalistic economy is–
1092 06042013672ea7a693838292c
6042013672ea7a693838292c- 1absence of monopolyfalse
- 2large-scale production in primary industriesfalse
- 3full employmentfalse
- 4the private ownership of the means of productiontrue
- Show AnswerHide Answer
- Workspace
- SingleChoice
Answer : 4. "the private ownership of the means of production"
Q: The Surplus earned by a factor other thus land in the short period is referred as –
1091 06336e47593021d4ee41b07e3
6336e47593021d4ee41b07e3- 1Economic Rentfalse
- 2Net Rentfalse
- 3Quasi-Renttrue
- 4Super-Normal Rentfalse
- Show AnswerHide Answer
- Workspace
- SingleChoice
Answer : 3. "Quasi-Rent "
Explanation :
Explain: -The Surplus earned by a factor other than land in the short period is referred as quasi-rent.
Q: In which year the right to service was imposed in Bihar?
1086 06037678b9d90e74af72bd308
6037678b9d90e74af72bd308- 12011true
- 22012false
- 31980false
- 41999false
- Show AnswerHide Answer
- Workspace
- SingleChoice
Answer : 1. "2011"
Q: What will happen if labour productivity is increased?
1083 06336ddd130141c336c39f75f
6336ddd130141c336c39f75f- 1Balanced cash wage will decreasefalse
- 2Competitive firms will be forced to invest morefalse
- 3Labour demand curve will shift towards righttrue
- 4None of the above.false
- Show AnswerHide Answer
- Workspace
- SingleChoice
Answer : 3. "Labour demand curve will shift towards right"
Explanation :
Explanation:- If there is low marginal labour production, then after giving wages there will be profit from marginal labourer. Ultimately, demand of labour will increase and labour demand curve will shift towards right.
Q: What is the process of constantly increasing prices?
1081 06088f6d506b39f63ea8eddd8
6088f6d506b39f63ea8eddd8- 1Inflationtrue
- 2over productionfalse
- 3Mandifalse
- 4None of thesefalse
- Show AnswerHide Answer
- Workspace
- SingleChoice
Answer : 1. "Inflation"
Q: Which of the following states has more tea plantations?
1079 06052ecf5528a962d2e41881f
6052ecf5528a962d2e41881f- 1Aasamtrue
- 2Biharfalse
- 3Meghalayafalse
- 4Manipurfalse
- Show AnswerHide Answer
- Workspace
- SingleChoice
Answer : 1. "Aasam"
Q: Multinational firm is–
1076 0632c4aa65c208a6bf7eb3703
632c4aa65c208a6bf7eb3703- 1A company started by foreign governmentsfalse
- 2A single company established in different countriestrue
- 3A company in India started by U.S. governmentfalse
- 4A company started jointly by India and U.S. Ans.false
- Show AnswerHide Answer
- Workspace
- SingleChoice