Indian Economy Questions Practice Question and Answer

Q:

Who has been appointed as acting chief justice of the Madras High Court with effect from September 22, 2022?

505 1

  • 1
    M Duraiswamy
    Correct
    Wrong
  • 2
    T Raja
    Correct
    Wrong
  • 3
    D.Y. Chandrachud
    Correct
    Wrong
  • 4
    Sanjay Kishan Kaul
    Correct
    Wrong
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Answer : 2. "T Raja "

Q:

The tree like structure of records in a database in-

503 0

  • 1
    Network Model
    Correct
    Wrong
  • 2
    Hierarchical Model
    Correct
    Wrong
  • 3
    Relational Model
    Correct
    Wrong
  • 4
    Multi-Dimenmoral Model
    Correct
    Wrong
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Answer : 2. "Hierarchical Model"
Explanation :

Explain: -Hierarchical structures were widely used in the early mainframe database management system, such as the Information Management System

Q:

Preparing butter and ghee for household consumption of own family is a part of –

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  • 1
    Household investment production
    Correct
    Wrong
  • 2
    Industrial production
    Correct
    Wrong
  • 3
    Consumption
    Correct
    Wrong
  • 4
    Own Account Production
    Correct
    Wrong
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Answer : 4. "Own Account Production"
Explanation :

Explain: -Preparing butter and ghee by a family for household consumption is a part of own account production.

Q:

The Surplus earned by a factor other thus land in the short period is referred as –

500 0

  • 1
    Economic Rent
    Correct
    Wrong
  • 2
    Net Rent
    Correct
    Wrong
  • 3
    Quasi-Rent
    Correct
    Wrong
  • 4
    Super-Normal Rent
    Correct
    Wrong
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Answer : 3. "Quasi-Rent "
Explanation :

Explain: -The Surplus earned by a factor other than land in the short period is referred as quasi-rent.

Q:

The interest in infrastructure is less because. 

500 0

  • 1
    There is large invest in it
    Correct
    Wrong
  • 2
    There needs a desired project
    Correct
    Wrong
  • 3
    Time to finish the infrastructure is more
    Correct
    Wrong
  • 4
    Profit is gained after long time.
    Correct
    Wrong
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Answer : 4. "Profit is gained after long time."
Explanation :

Infrastructure refers to the basic physical and organizational structures, facilities, systems, and services that are necessary for the functioning of a society, economy, or organization. It encompasses a wide range of essential components, including

Q:

Which state of India has set up District Investment Promotion Agencies (DIPA)? 

498 0

  • 1
    Karnataka
    Correct
    Wrong
  • 2
    Haryana
    Correct
    Wrong
  • 3
    Odisha
    Correct
    Wrong
  • 4
    West Bengal
    Correct
    Wrong
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Answer : 3. "Odisha "

Q:

When there is affect on economic activity of an specific country due to import and export, then such economy are called-

497 0

  • 1
    Closed economy
    Correct
    Wrong
  • 2
    Open economy
    Correct
    Wrong
  • 3
    Agricultural economy
    Correct
    Wrong
  • 4
    Industrial economy
    Correct
    Wrong
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Answer : 2. "Open economy "
Explanation :

Explain: -When there is change in economy due to import and export, then such economy is called Open economy. India enacted Open economy in 1991.

Q:

According to whom second chamber is unnecessary & bad?

490 0

  • 1
    Monkahour
    Correct
    Wrong
  • 2
    Bentham
    Correct
    Wrong
  • 3
    Seale
    Correct
    Wrong
  • 4
    Loosky
    Correct
    Wrong
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Answer : 2. "Bentham"

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