Indian Economy Practice Question and Answer
8 Q: Which of the following produces invisible export?
1317 0610265f27d972d5abb8a03ea
610265f27d972d5abb8a03ea- 1Traffic and Traveltrue
- 2Jewelryfalse
- 3Handloomfalse
- 4fishfalse
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Answer : 1. "Traffic and Travel"
Q: Which among the following is not the investment of goods & services?
1316 0632c49e7751e5310a5c99b21
632c49e7751e5310a5c99b21- 1Cost of machineryfalse
- 2Increase in cost of raw goodsfalse
- 3Increasing department of companytrue
- 4Cost of buying a house.false
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Answer : 3. "Increasing department of company "
Explanation :
Explain: -Increasing the department of company is not the matter of investment on goods and services
Q: What is the name of the amount from which the business is started?
1310 05fb7b1ab874fcb1994ba6a1a
5fb7b1ab874fcb1994ba6a1a- 1Cashfalse
- 2Capitaltrue
- 3Propertyfalse
- 4None of thesefalse
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Answer : 2. "Capital"
Q: Preparing butter and ghee for household consumption of own family is a part of –
1300 0632c4a3331300b7ce47331b0
632c4a3331300b7ce47331b0- 1Household investment productionfalse
- 2Industrial productionfalse
- 3Consumptionfalse
- 4Own Account Productiontrue
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Answer : 4. "Own Account Production"
Explanation :
Explain: -Preparing butter and ghee by a family for household consumption is a part of own account production.
Q: In which year the right to service was imposed in Bihar?
1300 06037678b9d90e74af72bd308
6037678b9d90e74af72bd308- 12011true
- 22012false
- 31980false
- 41999false
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Answer : 1. "2011"
Q: The term “Micro Economics” and “Macro Economics” was coined by–
1298 06336dfd32ff7535af6869591
6336dfd32ff7535af6869591- 1Alfred Marshalfalse
- 2Ragner Nurksefalse
- 3Ragner Frischtrue
- 4J.M. Keynesfalse
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Answer : 3. "Ragner Frisch "
Explanation :
Explain: -The difference between micro and macro economics is simple. Microeconomics is the study of economics at an individual, group or company level. Macroeconomics, on the other hand, is the study of a national economy as a whole. Microeconomics focuses on issues that affect individuals and companies
Q: Fiscal policy refers to–
1295 0604204a852454a7005b1d4c2
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 Human Development Index is attributed to which economist?
1288 06052f01ca37d522d6c186d89
6052f01ca37d522d6c186d89- 1Mehboob-ul-Haqtrue
- 2Amartya Senfalse
- 3Johnsonfalse
- 4None of thesefalse
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