Indian Economy Practice Question and Answer
8 Q: Which among the following is not true about the work of Human Resource and Development (HRD)–
894 06336e6a12ff7535af686dbbc
6336e6a12ff7535af686dbbc- 1Caste – Systemtrue
- 2Youth and Sportfalse
- 3Educationfalse
- 4Child Developmentfalse
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Answer : 1. "Caste – System "
Q: The Worldwide great depression happens in which year-
882 0632c49a531300b7ce47330be
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: 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: In an economy “Development Stage” means-
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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: Which of the following is called the ‘father of white revolution’ in India?
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62bdd37425fd051a6561a9fb- 1Hargovind Khuranafalse
- 2V. Kurientrue
- 3M.S. Swaminathanfalse
- 4P.K. Sethifalse
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Answer : 2. "V. Kurien"
Q: When there is affect on economic activity of an specific country due to import and export, then such economy are called-
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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: The Reserve Bank of India introduced a comprehensive regulatory framework for NBFC-MFI on __________.
863 064a68c3bc4e3d04ca166ea6e
64a68c3bc4e3d04ca166ea6e- 110 December 2015false
- 22 December 2011true
- 38 December 2013false
- 45 December 2012false
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Answer : 2. "2 December 2011 "
Explanation :
1. The Reserve Bank of India introduced a comprehensive regulatory framework for NBFC-MFIs on 2 December 2011.
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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