Indian Economy Practice Question and Answer
8 4 Q:
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6336e47593021d4ee41b07e3 Answer : 3. "Quasi-Rent "
4 Q:
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Q: Which state has the highest per capita income?
979 06052f2964999e13f2a6bb577
6052f2964999e13f2a6bb577- 1Gujaratfalse
- 2Maharashtrafalse
- 3Goatrue
- 4Punjabfalse
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Answer : 3. "Goa"
Q: 'Poot determines his own demand' - Whose statement is this?
978 062c3fbf3a00ee61c312c307b
62c3fbf3a00ee61c312c307b- 1Adam Smithfalse
- 2J. B. Se.true
- 3Marshalfalse
- 4Ricardofalse
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Answer : 2. "J. B. Se."
Q: The Surplus earned by a factor other thus land in the short period is referred as –
976 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: In which of the following years was the Reserve Bank of India nationalised?
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644bde2a6842c5ce47ce8093- 11935false
- 21949true
- 31927false
- 41965false
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Answer : 2. "1949"
Q: Which of the following produces invisible export?
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610265f27d972d5abb8a03ea- 1Traffic and Traveltrue
- 2Jewelryfalse
- 3Handloomfalse
- 4fishfalse
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Answer : 1. "Traffic and Travel"
Q: Which of the following is considered as the main determinant of real wages?
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60d3127f1cefce3a61b2567b- 1purchasing power of moneytrue
- 2Nature of workfalse
- 3additional incomefalse
- 4none of thesefalse
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Answer : 1. "purchasing power of money"
Q: Fiscal policy refers to–
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604204a852454a7005b1d4c2- 1Government borrowings from abroadfalse
- 2Sharing of its revenue by Central Government with Statesfalse
- 3Sale and purchase of securities by RBIfalse
- 4Government taxes, expenditure and borrowingstrue
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Answer : 4. "Government taxes, expenditure and borrowings"
Q: What is the relationship between the value of money and the price level in an economy?
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60d313871cefce3a61b25c73- 1stablefalse
- 2inversetrue
- 3Anulomfalse
- 4none of thesefalse
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Answer : 2. "inverse"
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