Indian Economy Practice Question and Answer

Q:

Committee on Public Distribution System is?

2715 0

  • 1
    Sodhani Committee
    Correct
    Wrong
  • 2
    Malegam Committee
    Correct
    Wrong
  • 3
    Venugopal Committee
    Correct
    Wrong
  • 4
    None of these
    Correct
    Wrong
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Answer : 3. "Venugopal Committee"

Q:

Excise duty on a commodity is payable with reference to its 

2713 1

  • 1
    production , transportation and sale
    Correct
    Wrong
  • 2
    production
    Correct
    Wrong
  • 3
    production and sale
    Correct
    Wrong
  • 4
    production and transportation
    Correct
    Wrong
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Answer : 2. "production "

Q:

Value of Total Goods and Services produced in a country is its _____________ .

2663 0

  • 1
    Gross Domestic Product
    Correct
    Wrong
  • 2
    Gross Revenue Income
    Correct
    Wrong
  • 3
    Total Goods Revenue
    Correct
    Wrong
  • 4
    Total Income
    Correct
    Wrong
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Answer : 1. "Gross Domestic Product"

Q:

The national census does NOT recognise ______ groups within India.

2638 0

  • 1
    tribal
    Correct
    Wrong
  • 2
    ethnic
    Correct
    Wrong
  • 3
    religious
    Correct
    Wrong
  • 4
    scheduled caste
    Correct
    Wrong
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Answer : 2. "ethnic"
Explanation :

A. National census does not identify ethnic groups within India.

B. Here are examples of some specific groups identified by the national census.

1. Tribal Groups: Santhal, Gond, Adivasi, Bodo, Meena, Kushwaha

2. Religious Groups: Hindu, Muslim, Christian, Sikh, Buddhist, Jain, Parsi

3. Linguistic Groups: Hindi, Bengali, Marathi, Tamil, Telugu, Urdu, Gujarati, Kannada, Punjabi, Assamese

Q:

Which is the third area of economic development?

2534 0

  • 1
    Service Sector
    Correct
    Wrong
  • 2
    Science field
    Correct
    Wrong
  • 3
    Education Sector
    Correct
    Wrong
  • 4
    Agricultural sector
    Correct
    Wrong
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Answer : 1. "Service Sector"

Q:

Deficit financing means the government borrows money from the – 

2524 0

  • 1
    International Monetary Fund
    Correct
    Wrong
  • 2
    Ministry of Finance
    Correct
    Wrong
  • 3
    Reserve Bank of India
    Correct
    Wrong
  • 4
    World Trade Organization
    Correct
    Wrong
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Answer : 3. "Reserve Bank of India "

Q:

National Income estimates in India are prepared by

2521 0

  • 1
    Planning Commission
    Correct
    Wrong
  • 2
    Reserve Bank of India
    Correct
    Wrong
  • 3
    Central statistical organization
    Correct
    Wrong
  • 4
    Indian Statistical Institute
    Correct
    Wrong
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Answer : 3. "Central statistical organization"

Q:

Raw materials and money in hand are called _____.

2484 0

  • 1
    Human capital
    Correct
    Wrong
  • 2
    Working capital
    Correct
    Wrong
  • 3
    Factors of production
    Correct
    Wrong
  • 4
    None of the above
    Correct
    Wrong
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Answer : 2. "Working capital"

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