Indian Economy Practice Question and Answer
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Q: Unemployment that arises when there is a general downturn in business activity is known as
1932 05f48ce9ae7f09063e6307182
5f48ce9ae7f09063e6307182- 1Structural unemploymentfalse
- 2Frictional unemploymentfalse
- 3Cyclical unemploymenttrue
- 4Disguised unemploymentfalse
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Answer : 3. "Cyclical unemployment "
Q: What does the Lorenz Curve indicate?
1920 05f4cb8bf82369c1d610dc8b5
5f4cb8bf82369c1d610dc8b5- 1Relationship between the price of a certain commodity and its demandfalse
- 2Income distributiontrue
- 3Rate of employmentfalse
- 4Taxable income elasticityfalse
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Answer : 2. "Income distribution"
Q: What kind of economy is there in India?
1917 05e37d5dfad02e21163c6353c
5e37d5dfad02e21163c6353c- 1socialistfalse
- 2Mixedtrue
- 3Freefalse
- 4Gandhianfalse
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Answer : 2. "Mixed"
Q: Which is the most important small scale industry of India?
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611397e4b7b4a6411ff6ca03- 1Handloom Industrytrue
- 2Leather Industryfalse
- 3Pottery manufacturing industryfalse
- 4Cotton textile industryfalse
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Answer : 1. "Handloom Industry"
Q: Price theory is also known as
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5dfca5eda3197573ca592ab6- 1Macro Economicsfalse
- 2Development Economicsfalse
- 3Public Economicsfalse
- 4Micro Economicstrue
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Answer : 4. "Micro Economics "
Q: What is the demand for labor called?
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5dd23187c2282c484e44069a- 1Market demandfalse
- 2Direct demandfalse
- 3Derived demandtrue
- 4Factory demandfalse
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Answer : 3. "Derived demand"
Q: What percentage of the total central employees are employed in Indian Railways?
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5f0ff31a2d9085055f45e1c2- 150 %false
- 240 %true
- 345 %false
- 435 %false
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Answer : 2. " 40 %"
Q: India ranks first in the world in the production of which mineral?
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60d317a46cc0e73be00e447b- 1graphitefalse
- 2Tungstenfalse
- 3asbestostrue
- 4All thesefalse
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Answer : 3. "asbestos"
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