Indian Economy Questions Practice Question and Answer

Q:

Which of the following is not a state tax? 

829 0

  • 1
    Wealth Tax
    Correct
    Wrong
  • 2
    Excise duty on liquor
    Correct
    Wrong
  • 3
    Sales Tax
    Correct
    Wrong
  • 4
    Professional Tax
    Correct
    Wrong
  • Show AnswerHide Answer
  • Workspace

Answer : 1. "Wealth Tax "

Q:

In which year fourteen major banks were nationalized in India?

820 0

  • 1
    1967
    Correct
    Wrong
  • 2
    1968
    Correct
    Wrong
  • 3
    1969
    Correct
    Wrong
  • 4
    1971
    Correct
    Wrong
  • Show AnswerHide Answer
  • Workspace

Answer : 3. "1969 "

Q:

Diamonds are priced higher than water because–

813 0

  • 1
    consumers do not buy them at lower prices.
    Correct
    Wrong
  • 2
    they are sold by selected firms with monopolistic powers.
    Correct
    Wrong
  • 3
    their total utility to buyers is higher than that of water.
    Correct
    Wrong
  • 4
    their marginal utility to buyers is higher than that of water
    Correct
    Wrong
  • Show AnswerHide Answer
  • Workspace

Answer : 2. "they are sold by selected firms with monopolistic powers."

Q:

What is the percentage of the female population according to the 2011 census? 

811 0

  • 1
    42.53 %
    Correct
    Wrong
  • 2
    40.53 %
    Correct
    Wrong
  • 3
    48.53 %
    Correct
    Wrong
  • 4
    45.53 %
    Correct
    Wrong
  • Show AnswerHide Answer
  • Workspace

Answer : 3. "48.53 % "

Q:

Which of the following statements is correct?

809 0

  • 1
    Most workers will work for less than their reservation wage
    Correct
    Wrong
  • 2
    The reservation wage is the maximum amount of any firm will pay for a worker
    Correct
    Wrong
  • 3
    Economic rent is the difference between the market wage and the reservation wage
    Correct
    Wrong
  • 4
    Economic rent is the amount one must pay to enter a desirable labour market
    Correct
    Wrong
  • Show AnswerHide Answer
  • Workspace

Answer : 3. "Economic rent is the difference between the market wage and the reservation wage"

Q:

What is the name of the amount from which the business is started?

804 0

  • 1
    Cash
    Correct
    Wrong
  • 2
    Capital
    Correct
    Wrong
  • 3
    Property
    Correct
    Wrong
  • 4
    None of these
    Correct
    Wrong
  • Show AnswerHide Answer
  • Workspace

Answer : 2. "Capital"

Q:

The state which stands first in per capita income is

796 0

  • 1
    Bihar
    Correct
    Wrong
  • 2
    Maharashtra
    Correct
    Wrong
  • 3
    Punjab
    Correct
    Wrong
  • 4
    Kerala
    Correct
    Wrong
  • Show AnswerHide Answer
  • Workspace

Answer : 2. "Maharashtra "

Q:

Which one of the following is not a clause of the World Trade Organisation?

790 1

  • 1
    Lowering trade barriers with negotiations
    Correct
    Wrong
  • 2
    Most favoured nation treatment
    Correct
    Wrong
  • 3
    Providing financial support to the countries having deficit balance of payments
    Correct
    Wrong
  • 4
    Discouraging unfair trade practices such as anti-dumping and export subsidies
    Correct
    Wrong
  • Show AnswerHide Answer
  • Workspace

Answer : 3. "Providing financial support to the countries having deficit balance of payments"
Explanation :

Providing financial support to the countries having deficit balance of payments.

      Report Error

    Please Enter Message
    Error Reported Successfully

      Report Error

    Please Enter Message
    Error Reported Successfully

      Report Error

    Please Enter Message
    Error Reported Successfully

      Report Error

    Please Enter Message
    Error Reported Successfully

      Report Error

    Please Enter Message
    Error Reported Successfully

      Report Error

    Please Enter Message
    Error Reported Successfully

      Report Error

    Please Enter Message
    Error Reported Successfully

      Report Error

    Please Enter Message
    Error Reported Successfully