Indian Economy Practice Question and Answer
8 Q: Which among the following is not true about the work of Human Resource and Development (HRD)–
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6336e6a12ff7535af686dbbc- 1Caste – Systemtrue
- 2Youth and Sportfalse
- 3Educationfalse
- 4Child Developmentfalse
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Answer : 1. "Caste – System "
Q: Rural Employment Generation Programme (REGP) was launched in _____.
805 0641960a72b960e1a416a8c40
641960a72b960e1a416a8c40- 11995true
- 21990false
- 31999false
- 41992false
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Answer : 1. "1995 "
Q: In an economy “Development Stage” means-
803 0632c6543751e5310a5ca6520
632c6543751e5310a5ca6520- 1Starting of steadily increasing economytrue
- 2Bad economyfalse
- 3Economy is on the verge of destroyingfalse
- 4All tariff to be removed.false
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Answer : 1. "Starting of steadily increasing economy "
Q: When there is affect on economic activity of an specific country due to import and export, then such economy are called-
773 0632c49481656651c9ea35adf
632c49481656651c9ea35adf- 1Closed economyfalse
- 2Open economytrue
- 3Agricultural economyfalse
- 4Industrial economyfalse
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Answer : 2. "Open economy "
Explanation :
Explain: -When there is change in economy due to import and export, then such economy is called Open economy. India enacted Open economy in 1991.
Q: Which among the following is not the investment of goods & services?
770 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: As per Census 2011, under which of the following ranges does the literacy rate in India fall?
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643920a51ce944a93ea1d84b- 190% - 95%false
- 250% - 55%false
- 330% - 35%false
- 470% - 75%true
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Answer : 4. "70% - 75%"
Q: The Worldwide great depression happens in which year-
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632c49a531300b7ce47330be- 11936false
- 21929false
- 31928true
- 41930false
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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 Relationship between the rate of interest and consumption level was firstly estimated by–
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6336e40b30141c336c3a28bd- 1Amartya Senfalse
- 2Milton Freedmantrue
- 3Irwing Fischerfalse
- 4James Duezan Berryfalse
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