Indian Economy Practice Question and Answer
8 4 Q:
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5efbfec00a52267797b6b4d5 4 Q:
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650ace4f7cef9d5024532e82 Answer : 1. "Excess socialistic approach in society"
4 Q:
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Q: Unemployment that arises when there is a general downturn in business activity is known as
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5f48ce9ae7f09063e6307182- 1Structural unemploymentfalse
- 2Frictional unemploymentfalse
- 3Cyclical unemploymenttrue
- 4Disguised unemploymentfalse
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Answer : 3. "Cyclical unemployment "
Q: What does the Lorenz Curve indicate?
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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: Is the government agency responsible for estimating national income in India?
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5efbfec00a52267797b6b4d5- 1Indian Statistical Organizationfalse
- 2Central Statistical Organizationtrue
- 3Organization Indian Reserve Bankfalse
- 4None of thesefalse
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Answer : 2. "Central Statistical Organization"
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 kind of economy is there in India?
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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: Socialism is successful in achieving because of–
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650ace4f7cef9d5024532e82- 1Excess socialistic approach in societytrue
- 2To increase standard of livingfalse
- 3Equal distribution of incomefalse
- 4None of the abovefalse
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Answer : 1. "Excess socialistic approach in society"
Explanation :
Explain: -Making social welfare is the success of socialism
Q: Which of the following guarantees the purity of food items?
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603768ea9d90e74af72bd493- 1Hallmarkfalse
- 2Agmarktrue
- 3Bullmarkfalse
- 4ISI markfalse
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Answer : 2. "Agmark"
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