Indian Economy Questions Practice Question and Answer
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60125f788f4dda4a277cf829 Answer : 3. "Providing financial support to the countries having deficit balance of payments"
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: In which year fourteen major banks were nationalized in India?
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5f9fc2cea00b420b05d5079d- 11967false
- 21968false
- 31969true
- 41971false
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Answer : 3. "1969 "
Q: Diamonds are priced higher than water because–
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60123fc3178b94051cee4ac7- 1consumers do not buy them at lower prices.false
- 2they are sold by selected firms with monopolistic powers.true
- 3their total utility to buyers is higher than that of water.false
- 4their marginal utility to buyers is higher than that of waterfalse
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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?
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6037604024cd273bc4f5049a- 142.53 %false
- 240.53 %false
- 348.53 %true
- 445.53 %false
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Answer : 3. "48.53 % "
Q: Which of the following statements is correct?
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6336e8b55c208a6bf71b7807- 1Most workers will work for less than their reservation wagefalse
- 2The reservation wage is the maximum amount of any firm will pay for a workerfalse
- 3Economic rent is the difference between the market wage and the reservation wagetrue
- 4Economic rent is the amount one must pay to enter a desirable labour marketfalse
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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?
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5fb7b1ab874fcb1994ba6a1a- 1Cashfalse
- 2Capitaltrue
- 3Propertyfalse
- 4None of thesefalse
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Answer : 2. "Capital"
Q: The state which stands first in per capita income is
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6144875a7e5f4f439c3fc46c- 1Biharfalse
- 2Maharashtratrue
- 3Punjabfalse
- 4Keralafalse
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Answer : 2. "Maharashtra "
Q: Which one of the following is not a clause of the World Trade Organisation?
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60125f788f4dda4a277cf829- 1Lowering trade barriers with negotiationsfalse
- 2Most favoured nation treatmentfalse
- 3Providing financial support to the countries having deficit balance of paymentstrue
- 4Discouraging unfair trade practices such as anti-dumping and export subsidiesfalse
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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.
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