Indian Economy Questions Practice Question and Answer
8 4 Q:
61123f2f88e0566940a27f33 4 Q:
60f7b99416158a5eeda86c64 4 Answer : 4. "explicit and implicit costs."
4 Answer : 1. "Counting the votes in an election to determine the next governor"
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60a36e68d3afc7379b0c22e2 4 Q:
60a36dd7d3afc7379b0c205f 4 Q:
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Q: __________ is not a loan category in MUDRA Scheme.
735 061123f2f88e0566940a27f33
61123f2f88e0566940a27f33- 1Shishufalse
- 2Kishorefalse
- 3Yuvatrue
- 4Tarunfalse
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Answer : 3. "Yuva"
Q: _____ is the primary sector of the Indian economy.
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60f7b99416158a5eeda86c64- 1Bankingfalse
- 2Information and Technologyfalse
- 3Agriculturetrue
- 4Judiciaryfalse
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Answer : 3. "Agriculture"
Q: To the economist, total cost includes 1521 05b5cc604e4d2b4197774b4c4
5b5cc604e4d2b4197774b4c4- 1neither implicit nor explicit costs.false
- 2implicit, but not explicit, costs.false
- 3explicit, but not implicit, cost.false
- 4explicit and implicit costs.true
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Answer : 4. "explicit and implicit costs."
Explanation :
Answer: D) explicit and implicit costs. Explanation:
Q: Which of the following activities are examples of data gathering? 3927 05b5cc601e4d2b4197774b458
5b5cc601e4d2b4197774b458- 1Counting the votes in an election to determine the next governortrue
- 2Making a pie chart showing the kinds of television sets owned by people in a sample of 1,000false
- 3Finding the mean weight of cancer patients in a studyfalse
- 4Using the results of a mathematical model to predict the next day's weatherfalse
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Answer : 1. "Counting the votes in an election to determine the next governor"
Explanation :
Answer: A) Counting the votes in an election to determine the next governor Explanation: Option A) "Counting the votes in an election to determine the next governor" is the only one where data gathering is done. In all other options, data is already collected and now analyzing of data is going on.
Q: Which is one of the factors of subsistence used to measure the Poverty Line in India?
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60b9f4b641fbe04381679f34- 1Equalityfalse
- 2Educationtrue
- 3Internetfalse
- 4Transportationfalse
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Answer : 2. "Education"
Q: Which of the following is not a state tax?
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60a36e68d3afc7379b0c22e2- 1Wealth Taxtrue
- 2Excise duty on liquorfalse
- 3Sales Taxfalse
- 4Professional Taxfalse
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Answer : 1. "Wealth Tax "
Q: Cause of Inflation is -
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60a36dd7d3afc7379b0c205f- 1Increase in money supplyfalse
- 2Fall in productionfalse
- 3Increases in money supply and fall in productiontrue
- 4Decrease in money supply and fall in productionfalse
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Answer : 3. "Increases in money supply and fall in production "
Q: Who among the following formulates the monetary policy in India?
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60939266b8018e6486aedf6b- 1Finance Commission of Indiafalse
- 2Reserve Bank of Indiatrue
- 3NITI Aayogfalse
- 4The Ministry of Statistics and Programme Implementationfalse
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Answer : 2. "Reserve Bank of India "
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