Indian Economy Practice Question and Answer

Q:

The Worldwide great depression happens in which year-

1153 0

  • 1
    1936
    Correct
    Wrong
  • 2
    1929
    Correct
    Wrong
  • 3
    1928
    Correct
    Wrong
  • 4
    1930
    Correct
    Wrong
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Answer : 3. "1928 "
Explanation :

Explain: -The duration of great depression was different for different for different countries, but the starting of depresion was 1929-32. The unemployment of America increase by +607%. Similiarly in Germany by +214% & France by +214%.

Q:

The state is the first state to issue a human development report?

1149 0

  • 1
    Kerala
    Correct
    Wrong
  • 2
    Rajasthan
    Correct
    Wrong
  • 3
    U.P.
    Correct
    Wrong
  • 4
    Madhya Pradesh
    Correct
    Wrong
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Answer : 4. "Madhya Pradesh"

Q:

The term “Micro Economics” and “Macro Economics” was coined by–

1146 0

  • 1
    Alfred Marshal
    Correct
    Wrong
  • 2
    Ragner Nurkse
    Correct
    Wrong
  • 3
    Ragner Frisch
    Correct
    Wrong
  • 4
    J.M. Keynes
    Correct
    Wrong
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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:

“World Bank” is also called as –

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  • 1
    International Bank for Reconstruction and development
    Correct
    Wrong
  • 2
    International, rehabilation and development bank
    Correct
    Wrong
  • 3
    International rehabilated and development bank
    Correct
    Wrong
  • 4
    None of these.
    Correct
    Wrong
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Answer : 1. "International Bank for Reconstruction and development"
Explanation :

The "World Bank" is also referred to as simply the "World Bank." While its full name is the "International Bank for Reconstruction and Development (IBRD)," the term "World Bank" is commonly used to refer to this international financial institution.

Q:

Who is a chairman of 15th Finance Commission of India?

1140 0

  • 1
    Nirmala Sitharaman
    Correct
    Wrong
  • 2
    Dr. Ashok Lahiri
    Correct
    Wrong
  • 3
    N. K. Singh
    Correct
    Wrong
  • 4
    Ajay Narayan
    Correct
    Wrong
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Answer : 3. "N. K. Singh "

Q:

Which among the following is not the investment of goods & services? 

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  • 1
    Cost of machinery
    Correct
    Wrong
  • 2
    Increase in cost of raw goods
    Correct
    Wrong
  • 3
    Increasing department of company
    Correct
    Wrong
  • 4
    Cost of buying a house.
    Correct
    Wrong
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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:

Which among the following is not true about the work of Human Resource and Development (HRD)–

1136 0

  • 1
    Caste – System
    Correct
    Wrong
  • 2
    Youth and Sport
    Correct
    Wrong
  • 3
    Education
    Correct
    Wrong
  • 4
    Child Development
    Correct
    Wrong
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Answer : 1. "Caste – System "

Q:

Which of the following is not a function of currency?

1136 0

  • 1
    Measurement of value
    Correct
    Wrong
  • 2
    accumulation of value
    Correct
    Wrong
  • 3
    transfer of value
    Correct
    Wrong
  • 4
    stabilization of price
    Correct
    Wrong
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Answer : 4. "stabilization of price"

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