Indian Economy Practice Question and Answer

Q:

Internal profit–

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  • 1
    Happens when internal trade expands
    Correct
    Wrong
  • 2
    Happens when business expands
    Correct
    Wrong
  • 3
    Happens in economy when they increase
    Correct
    Wrong
  • 4
    Happens in firms when they expand their product
    Correct
    Wrong
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Answer : 4. "Happens in firms when they expand their product"
Explanation :

Explain: -Internal profit are made to firms when they expand their products. High level productivity, labour-division and modern equipments when used in better way, then internal profit is made. They are called as internal because firms increase their quality & quantity of production then only they gain internal profit.

Q:

Which of the following is related to the South-South debate?

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  • 1
    Cooperation between developing countries
    Correct
    Wrong
  • 2
    Defence Organisation
    Correct
    Wrong
  • 3
    Sitting between developed & developing countries
    Correct
    Wrong
  • 4
    All of the above
    Correct
    Wrong
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Answer : 1. "Cooperation between developing countries "

Q:

Which of the following is related to green revolution in India?

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  • 1
    Environment Protection
    Correct
    Wrong
  • 2
    High Yielding Variety of Seeds
    Correct
    Wrong
  • 3
    Green House Effect
    Correct
    Wrong
  • 4
    Calculation of Green GNP
    Correct
    Wrong
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Answer : 2. "High Yielding Variety of Seeds"

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