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?
1246 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?
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61b1f27545c0db34860a8736- 126 Junefalse
- 227 Junefalse
- 328 Junetrue
- 429 Junefalse
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Answer : 3. "28 June"
Q: What will happen if labour productivity is increased?
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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
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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: In which year the concept of Multidimensional Poverty Index was introduced?
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6411793d539cee0fcabda0e9- 12010true
- 22011false
- 32000false
- 42008false
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Answer : 1. "2010"
Q: The Surplus earned by a factor other thus land in the short period is referred as –
1233 06336e47593021d4ee41b07e3
6336e47593021d4ee41b07e3- 1Economic Rentfalse
- 2Net Rentfalse
- 3Quasi-Renttrue
- 4Super-Normal Rentfalse
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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: What is the relationship between the value of money and the price level in an economy?
1226 060d313871cefce3a61b25c73
60d313871cefce3a61b25c73- 1stablefalse
- 2inversetrue
- 3Anulomfalse
- 4none of thesefalse
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Answer : 2. "inverse"
Q: Whose annual publication is the World Development Report?
1224 06052efbd4999e13f2a6babad
6052efbd4999e13f2a6babad- 1I.M.F.false
- 2W.T.O.false
- 3I.B.R.Dtrue
- 4None of thesefalse
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Answer : 3. "I.B.R.D"
Q: The National Mission for Saffron has been launched as a sub- scheme of which among the following programmes?
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6411772f539cee0fcabd9ebe- 1National Food Security Missionfalse
- 2National Cash Crop Programmefalse
- 3National Horticulture Missionfalse
- 4Rashtriya Krishi Vikas Yojanatrue
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