Indian Economy Questions Practice Question and Answer
8Q: 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: Foreign currency which has a tendency of quick migration is called -
2539 05f4cd44482369c1d610e70bb
5f4cd44482369c1d610e70bb- 1Gold currencyfalse
- 2Hot currencytrue
- 3Scarce currencyfalse
- 4Soft currencyfalse
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Answer : 2. "Hot currency "
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: Short-term finance is usually for a period ranging up to
2909 15d42ab8757579c3e8f509307
5d42ab8757579c3e8f509307- 15 monthsfalse
- 210 monthsfalse
- 312 monthstrue
- 48 monthsfalse
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Answer : 3. "12 months "
Q: In a cut motion, when the amount of demand is reduced by Rs 100/- , it is known as
1241 05d7b8785268c0f29d590e05d
5d7b8785268c0f29d590e05d- 1Disapproval of policy cutfalse
- 2Economy cutfalse
- 3Vote on Accountfalse
- 4Token cuttrue
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Answer : 4. "Token cut"
Q: How many member is in the GST Council of India?
3004 05e180c5e39d64c451b228e9c
5e180c5e39d64c451b228e9c- 133true
- 234false
- 336false
- 427false
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Answer : 1. "33"
Q: Who is called the forerunner of liberalization of Indian economy?
2858 05f0830ee8e448621429ede2e
5f0830ee8e448621429ede2e- 1P. Chidambaramfalse
- 2Amartya Senfalse
- 3Dr. Manmohan Singhtrue
- 4None of thesefalse
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Answer : 3. "Dr. Manmohan Singh"
Q: In which year fourteen major banks were nationalized in India?
820 05f9fc2cea00b420b05d5079d
5f9fc2cea00b420b05d5079d- 11967false
- 21968false
- 31969true
- 41971false
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