Indian Economy Practice Question and Answer
8 Q: According to Kenz, the consumption function shows relation between.
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632c662e751e5310a5ca664f- 1Total Consumption and Total Populationfalse
- 2Total Consumption and Normal Price Ratefalse
- 3Total Consumption and Total Incometrue
- 4Total Consumption and Rate of Interestfalse
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Answer : 3. "Total Consumption and Total Income"
Explanation :
Explain: -The Consumption function shows relation between Total Consumption and Total Income. It shows that consumption and income are inversely related
Q: The tree like structure of records in a database in-
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650aa695761b44505ec9b708- 1Network Modelfalse
- 2Hierarchical Modeltrue
- 3Relational Modelfalse
- 4Multi-Dimenmoral Modelfalse
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Answer : 2. "Hierarchical Model"
Explanation :
Explain: -Hierarchical structures were widely used in the early mainframe database management system, such as the Information Management System
Q: In a economy “Development Stage” means-
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650aa44d7335765064543b6c- 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"
Explanation :
Explain: -In economy “development stage” means starting of steadily increasing economy
Q: Which of the following is related to South-South debate?
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650aa004761b44505ec9aa32- 1Cooperation between developing countriestrue
- 2Defence Organisationfalse
- 3Sitting between developed & developing countriesfalse
- 4All of the above.false
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Answer : 1. "Cooperation between developing countries"
Explanation :
Explain: -South-South organization was held from 14-16 December 1978 in Tanzania. Its aim was to put focus for “new international economic view.”
Q: The Removal of prohibitions and hindrance by the government is called.
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632c5e285c208a6bf7ebaca7- 1Globalisationfalse
- 2Privatisationfalse
- 3Liberalisationtrue
- 4Bilateral understanding.false
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Answer : 3. "Liberalisation "
Q: Internal profit–
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650a9a3f761b44505ec99916- 1Happens when internal trade expandsfalse
- 2Happens when business expandsfalse
- 3Happens in economy when they increasefalse
- 4Happens in firms when they expand their producttrue
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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/are one of the United Nations Sustainable Development Goals?
(A) Zero Hunger
(B) Climate Action
(C) Life Below Water
(D) Quality Education
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649a9bb91a612ce001f65700- 1A, B, C and Dtrue
- 2A and Bfalse
- 3B and Cfalse
- 4A, C and Dfalse
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Answer : 1. "A, B, C and D"
Explanation :
All these are the main goals of the United Nations Sustainable Development Goals.
(A) Zero Hunger
(B) Climate Action
(C) Life Below Water
(D) Quality Education
Major goals of the UN Sustainable Development Goals:
1. Poverty Eradication: End extreme poverty for all people everywhere by 2030.
2. End hunger: Ensure food security and improved nutrition for all by 2030 and promote sustainable agriculture.
3. Health and Well-Being: To promote healthy lives and well-being for people of all ages.
4. Education for all: To ensure inclusive and equitable quality education for all by 2030.
5. Gender equality: Achieving gender equality and promoting the empowerment of women and girls.
6. Clean water and sanitation: Ensuring safe and accessible clean water and sanitation services for all.
Q: The best Example of capital intensive industry in India is-
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632c4aff1656651c9ea35b9e- 1Textile industryfalse
- 2Steel industrytrue
- 3Tourism industryfalse
- 4Spare goods industry.false
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Answer : 2. "Steel industry "
Explanation :
Explain: -Intensive industry are those industries which need large amount of capital for investment.

