Indian Economy Practice Question and Answer
8 Q: Which of the following guarantees the purity of food items?
1973 0603768ea9d90e74af72bd493
603768ea9d90e74af72bd493- 1Hallmarkfalse
- 2Agmarktrue
- 3Bullmarkfalse
- 4ISI markfalse
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Answer : 2. "Agmark"
Q: India ranks first in the world in the production of which mineral?
1960 060d317a46cc0e73be00e447b
60d317a46cc0e73be00e447b- 1graphitefalse
- 2Tungstenfalse
- 3asbestostrue
- 4All thesefalse
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Answer : 3. "asbestos"
Q: Which of the following countries has a mixed economy?
1913 05f7d4fc81e5cb657ce31da52
5f7d4fc81e5cb657ce31da52- 1Americafalse
- 2Indiatrue
- 3Chinafalse
- 4Russiafalse
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Answer : 2. "India"
Q: Bank rate is the rate at which—
1907 05f0fe57510bdaa1158cd7178
5f0fe57510bdaa1158cd7178- 1A bank lends to the public.false
- 2RBI lends to the public.false
- 3RBI lends to commercial banks.true
- 4Government of India lends to other countries.false
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Answer : 3. "RBI lends to commercial banks."
Q: Socialism is successful in achieving because of–
1880 0650ace4f7cef9d5024532e82
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 is a better measurement of Economic Development?
1874 05f4cd3bb82369c1d610e6f62
5f4cd3bb82369c1d610e6f62- 1NNPtrue
- 2Per capita incomefalse
- 3GDPfalse
- 4Disposable incomefalse
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Answer : 1. "NNP "
Q: Under which crop is the maximum agricultural land in India?
1862 05efbfc7f30aa3b4ee606a66e
5efbfc7f30aa3b4ee606a66e- 1Ricetrue
- 2Cottonfalse
- 3Maizefalse
- 4Wheatfalse
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Answer : 1. "Rice"
Q: Which factor is mainly responsible for increase in demand of natural resources?
1853 05ff5826a9552896910b446b9
5ff5826a9552896910b446b9- 1Scientific advancementfalse
- 2Use of biodegradable chemicalsfalse
- 3Increasing human populationtrue
- 4Environmental pollutionfalse
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Answer : 3. "Increasing human population"
Explanation :
The correct answer is Increased human population. As the human population is increasing at an astounding rate, we have reached a number of 7.4 billion today. Naturally, this means that we are utilizing more and more natural resources.