Indian Economy Practice Question and Answer
8 4 Q:
5e857ba65dddbb6ef018e63f 4 Q:
5efbfe670a52267797b6b43a 4 Q:
5dc8e8e754f77a2c5d35c2a2 4 Answer : 4. "explicit and implicit costs."
4 Q:
605c66a040a8e965941236f0 Answer : 3. "Reserve bank of India"
4 Q:
5dfca67c40c34473ac86cc32 4 Q:
5efbf937ea68613370d10c52 4 Q:
650ace4f7cef9d5024532e82 Answer : 1. "Excess socialistic approach in society"
Q: Deficit financing means the government borrows money from the –
2825 05e857ba65dddbb6ef018e63f
5e857ba65dddbb6ef018e63f- 1International Monetary Fundfalse
- 2Ministry of Financefalse
- 3Reserve Bank of Indiatrue
- 4World Trade Organizationfalse
- Show AnswerHide Answer
- Workspace
- SingleChoice
Answer : 3. "Reserve Bank of India "
Q: Which region has the least contribution to India's national income?
2779 05efbfe670a52267797b6b43a
5efbfe670a52267797b6b43a- 1Primary Sectorfalse
- 2Secondary Sectortrue
- 3Tertiary sectorfalse
- 4None of thesefalse
- Show AnswerHide Answer
- Workspace
- SingleChoice
Answer : 2. "Secondary Sector"
Q: The Economic development depends on-
2718 05dc8e8e754f77a2c5d35c2a2
5dc8e8e754f77a2c5d35c2a2- 1Natural resourcesfalse
- 2Capital formationfalse
- 3Size of the marketfalse
- 4All of thesetrue
- Show AnswerHide Answer
- Workspace
- SingleChoice
Answer : 4. "All of these"
Q: To the economist, total cost includes 2651 05b5cc604e4d2b4197774b4c4
5b5cc604e4d2b4197774b4c4- 1neither implicit nor explicit costs.false
- 2implicit, but not explicit, costs.false
- 3explicit, but not implicit, cost.false
- 4explicit and implicit costs.true
- Show AnswerHide Answer
- Workspace
- SingleChoice
Answer : 4. "explicit and implicit costs."
Explanation :
Answer: D) explicit and implicit costs. Explanation:
Q: Who decides the Repo rate in India?
2617 0605c66a040a8e965941236f0
605c66a040a8e965941236f0- 1Government of Indiafalse
- 2Ministry of Financefalse
- 3Reserve bank of Indiatrue
- 4None of thesefalse
- Show AnswerHide Answer
- Workspace
- SingleChoice
Answer : 3. "Reserve bank of India"
Explanation :
The repo rate is the rate at which the Reserve Bank of India borrows funds from commercial banks in the country. It is the rate at which commercial banks in India park their excess money with the Reserve Bank of India, usually for the short term.
Q: Which of the statements is correct about India's national income?
2597 05dfca67c40c34473ac86cc32
5dfca67c40c34473ac86cc32- 1Percentage share of agriculture is higher than servicesfalse
- 2Percentage share of industry is higher than agriculturefalse
- 3Percentage share of services is higher than industryfalse
- 4Percentage share of services is higher than agriculture and industry put togethertrue
- Show AnswerHide Answer
- Workspace
- SingleChoice
Answer : 4. "Percentage share of services is higher than agriculture and industry put together "
Q: Committee related to industrial sickness?
2555 05efbf937ea68613370d10c52
5efbf937ea68613370d10c52- 1Goswami Committeefalse
- 2Tiwari Committeefalse
- 3Both of the abovetrue
- 4None of thesefalse
- Show AnswerHide Answer
- Workspace
- SingleChoice
Answer : 3. "Both of the above"
Q: Socialism is successful in achieving because of–
2520 0650ace4f7cef9d5024532e82
650ace4f7cef9d5024532e82- 1Excess socialistic approach in societytrue
- 2To increase standard of livingfalse
- 3Equal distribution of incomefalse
- 4None of the abovefalse
- Show AnswerHide Answer
- Workspace
- SingleChoice
Answer : 1. "Excess socialistic approach in society"
Explanation :
Explain: -Making social welfare is the success of socialism
en3556popular