Indian Economy Questions Practice Question and Answer
8 4 Q:
5e180c5e39d64c451b228e9c 4 Q:
5dfca67c40c34473ac86cc32 4 Q:
5dfca5eda3197573ca592ab6 4 Q:
5d776efba1321a5b0b596cc4 4 Q:
5df9ea1436644b47cbaf2b5e 4 Q:
5dd23187c2282c484e44069a 4 Q:
5d944a1eeef89a492b2e290d 4 Q:
5d9430d815db5f22bbeb434a
Q: How many member is in the GST Council of India?
3004 05e180c5e39d64c451b228e9c
5e180c5e39d64c451b228e9c- 133true
- 234false
- 336false
- 427false
- Show AnswerHide Answer
- Workspace
- SingleChoice
Answer : 1. "33"
Q: Which of the statements is correct about India's national income?
1982 05dfca67c40c34473ac86cc32
5dfca67c40c34473ac86cc32- 1Percentage share of agriculture is higher than servicesfalse
- 2Percentage share of industry is higher than agriculturefalse
- 3Percentage share of services is higher than industryfalse
- 4Percentage share of services is higher than agriculture and industry put togethertrue
- Show AnswerHide Answer
- Workspace
- SingleChoice
Answer : 4. "Percentage share of services is higher than agriculture and industry put together "
Q: Price theory is also known as
1586 05dfca5eda3197573ca592ab6
5dfca5eda3197573ca592ab6- 1Macro Economicsfalse
- 2Development Economicsfalse
- 3Public Economicsfalse
- 4Micro Economicstrue
- Show AnswerHide Answer
- Workspace
- SingleChoice
Answer : 4. "Micro Economics "
Q: Which three indicators are used in the Human Development Index (HDI)?
I. Standard of living
II. Education
III. Life expectancy
IV. Condition of environment
2941 15d776efba1321a5b0b596cc4
5d776efba1321a5b0b596cc4- 1Only I, II & IVfalse
- 2Only I, II, & IIItrue
- 3Only I & IIfalse
- 4All of the abovefalse
- Show AnswerHide Answer
- Workspace
- SingleChoice
Answer : 2. "Only I, II, & III"
Q: The process of curing inflation by reducing money supply is called
5180 15df9ea1436644b47cbaf2b5e
5df9ea1436644b47cbaf2b5e- 1Cost - push inflationfalse
- 2Demand - pull inflationfalse
- 3Disinflationtrue
- 4Reflationfalse
- Show AnswerHide Answer
- Workspace
- SingleChoice
Answer : 3. "Disinflation"
Q: What is the demand for labor called?
1616 15dd23187c2282c484e44069a
5dd23187c2282c484e44069a- 1Market demandfalse
- 2Direct demandfalse
- 3Derived demandtrue
- 4Factory demandfalse
- Show AnswerHide Answer
- Workspace
- SingleChoice
Answer : 3. "Derived demand"
Q: When the price of a commodity falls, we can expect:
4072 05d944a1eeef89a492b2e290d
5d944a1eeef89a492b2e290d- 1The supply of it to increasefalse
- 2The demand for it to fallfalse
- 3The demand for it to stay constantfalse
- 4The demand for it to increasetrue
- Show AnswerHide Answer
- Workspace
- SingleChoice
Answer : 4. "The demand for it to increase"
Q: This personality is known as the Father of Economics. Can you identify him from the given options?
3950 05d9430d815db5f22bbeb434a
5d9430d815db5f22bbeb434a- 1J.M. Keynesfalse
- 2Adam Smithtrue
- 3Abraham Maslowfalse
- 4J.K. Galbraithfalse
- Show AnswerHide Answer
- Workspace
- SingleChoice
Answer : 2. "Adam Smith"
en16520latest