Indian Economy Practice Question and Answer
8 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: 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: 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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Answer : 4. "the private ownership of the means of production"
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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Answer : 4. "Rashtriya Krishi Vikas Yojana"
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: The Production of a commodity mostly through the natural process is an activity of–
992 06336e2c193021d4ee41af39b
6336e2c193021d4ee41af39b- 1Primary Sectortrue
- 2Secondary Sectorfalse
- 3Tertiary Sectorfalse
- 4Technology Sectorfalse
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Answer : 1. "Primary Sector "
Explanation :
Explain: -The Production of a commodity mostly through the natural process is an activity of primary sector. For Example:– agriculture an agricultural products, fertilizers, animal husbandry etc
Q: Round Revolution in India was related to -
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637f3e2d49a42a5ac162936c- 1Potatotrue
- 2Onionfalse
- 3Oil seedsfalse
- 4Tomatofalse
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Answer : 1. "Potato "
Q: The demand curve of a firm under perfect competition is:
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63f32a98cbcfaac053da8350- 1horizontal to OX-axistrue
- 2negative slopefalse
- 3positive slopefalse
- 4U-shapedfalse
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