Indian Economy Practice Question and Answer
8 4 Q:
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644bde2a6842c5ce47ce8093 4 Q:
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6336e47593021d4ee41b07e3 Answer : 3. "Quasi-Rent "
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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: What is the process of constantly increasing prices?
1031 06088f6d506b39f63ea8eddd8
6088f6d506b39f63ea8eddd8- 1Inflationtrue
- 2over productionfalse
- 3Mandifalse
- 4None of thesefalse
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Answer : 1. "Inflation"
Q: In which of the following years was the Reserve Bank of India nationalised?
1030 0644bde2a6842c5ce47ce8093
644bde2a6842c5ce47ce8093- 11935false
- 21949true
- 31927false
- 41965false
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Answer : 2. "1949"
Q: In view of which of the following are cottage and small scale industries necessary in the Indian economy?
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60d3155c64466567bd7557ae- 1employment generationtrue
- 2Income Generationfalse
- 3low costfalse
- 4none of thesefalse
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Answer : 1. "employment generation"
Q: The Surplus earned by a factor other thus land in the short period is referred as –
1027 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: 'Poot determines his own demand' - Whose statement is this?
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62c3fbf3a00ee61c312c307b- 1Adam Smithfalse
- 2J. B. Se.true
- 3Marshalfalse
- 4Ricardofalse
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Answer : 2. "J. B. Se."
Q: The Reserve Bank of India has an accounting year?
1023 06088fae49f98193d2deb2a9e
6088fae49f98193d2deb2a9e- 1October - Septemberfalse
- 2April-Marchtrue
- 3July-Junefalse
- 4None of thesefalse
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Answer : 2. "April-March"
Q: The Removal of prohibitions and hindrance by the government is called.
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632c5e285c208a6bf7ebaca7- 1Globalisationfalse
- 2Privatisationfalse
- 3Liberalisationtrue
- 4Bilateral understanding.false
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Answer : 3. "Liberalisation "
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