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Indian Economics General Knowledge Questions and Answers

2 years ago 4.6K Views
Q :  

Purchasing Power Parity theory is related with 

(A) Wage rate

(B) Exchange rate

(C) Interest rate

(D) Bank rate

Correct Answer : B

Q :  

Which is the most essential function of an entrepreneur? 

(A) Marketing

(B) Risk bearing

(C) Supervision

(D) Management

Correct Answer : B

Q :  

Knowledge, technical skill, education etc. in economics, are regarded as 

(A) tangible physical capital

(B) working capital

(C) social-overhead capital

(D) human capital

Correct Answer : D

Q :  

Excise duty on a commodity is payable with reference to its 

(A) production , transportation and sale

(B) production

(C) production and sale

(D) production and transportation

Correct Answer : B

Q :  

Which of the following monetary policy instruments is used by the RBI to control inflation?

(A) Fiscal traction

(B) Austerity measures

(C) Repo rate

(D) Fiscal boost

Correct Answer : C

Q :  Who is the richest state in India?

(A) TamilNadu

(B) Maharashatra

(C) Kerala

(D) Mumbai

Correct Answer : B

Q :  

How much of India's population is dependent on agricultural industry?

(A) 60%

(B) 70%

(C) 58.9%

(D) Others

Correct Answer : C

Q :  

What percentage of the agricultural industry contributes to the gross profit from national income?

(A) 18%

(B) 17.9%

(C) 20%

(D) Others

Correct Answer : A
Explanation :

Agriculture is the most important sector of Indian Economy. Indian agriculture sector accounts for 18 per cent of India's gross domestic product (GDP) and provides employment to 50% of the countries workforce.


Q :  

India is ranked on the basis of GDP?

(A) 5

(B) 3

(C) 7

(D) 13

Correct Answer : C

Q :  

India is ranked on the basis of ppp (Purchasing Power Parity)?

(A) 4

(B) 9

(C) 7

(D) 3

Correct Answer : D

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