Indian Economy Questions Practice Question and Answer
8 Q: Which among the following is not the investment of goods & services?
457 0632c49e7751e5310a5c99b21
632c49e7751e5310a5c99b21- 1Cost of machineryfalse
- 2Increase in cost of raw goodsfalse
- 3Increasing department of companytrue
- 4Cost of buying a house.false
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Answer : 3. "Increasing department of company "
Explanation :
Explain: -Increasing the department of company is not the matter of investment on goods and services
Q: The Worldwide great depression happens in which year-
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632c49a531300b7ce47330be- 11936false
- 21929false
- 31928true
- 41930false
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Answer : 3. "1928 "
Explanation :
Explain: -The duration of great depression was different for different for different countries, but the starting of depresion was 1929-32. The unemployment of America increase by +607%. Similiarly in Germany by +214% & France by +214%.
Q: The term “Micro Economics” and “Macro Economics” was coined by–
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6336dfd32ff7535af6869591- 1Alfred Marshalfalse
- 2Ragner Nurksefalse
- 3Ragner Frischtrue
- 4J.M. Keynesfalse
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Answer : 3. "Ragner Frisch "
Explanation :
Explain: -The difference between micro and macro economics is simple. Microeconomics is the study of economics at an individual, group or company level. Macroeconomics, on the other hand, is the study of a national economy as a whole. Microeconomics focuses on issues that affect individuals and companies
Q: The National Mission for Saffron has been launched as a sub- scheme of which among the following programmes?
452 06411772f539cee0fcabd9ebe
6411772f539cee0fcabd9ebe- 1National Food Security Missionfalse
- 2National Cash Crop Programmefalse
- 3National Horticulture Missionfalse
- 4Rashtriya Krishi Vikas Yojanatrue
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Answer : 4. "Rashtriya Krishi Vikas Yojana"
Q: If the interest rate is decreased in an economy, it will
451 062ac7668f5480112e46ca0ae
62ac7668f5480112e46ca0ae- 1increase the investment expenditure in the economytrue
- 2increase the total savings in the economyfalse
- 3increase the total savings in the economyfalse
- 4decrease the consumption expenditure in the economyfalse
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Answer : 1. "increase the investment expenditure in the economy"
Q: The Relationship between the rate of interest and consumption level was firstly estimated by–
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6336e40b30141c336c3a28bd- 1Amartya Senfalse
- 2Milton Freedmantrue
- 3Irwing Fischerfalse
- 4James Duezan Berryfalse
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Answer : 2. "Milton Freedman"
Q: In an economy “Development Stage” means-
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632c6543751e5310a5ca6520- 1Starting of steadily increasing economytrue
- 2Bad economyfalse
- 3Economy is on the verge of destroyingfalse
- 4All tariff to be removed.false
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Answer : 1. "Starting of steadily increasing economy "
Q: Who among the following became the first Chief Minister of the National Capital Territory of Delhi in 1993?
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6572e137a1070fbf9bedc055- 1Madan Lal Khuranatrue
- 2Sheila Dixitfalse
- 3Sushma Swarajfalse
- 4Sahib Singh Vermafalse
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Answer : 1. "Madan Lal Khurana"
Explanation :
1. Madan Lal Khurana (15 October 1936 – 27 October 2018) was an Indian politician and former Chief Minister of Delhi from 1993 to 1996.
2. He was succeeded by Gurmukh Nihal Singh of the Indian National Congress, who held the post for just one year in 1955.
3. The States Reorganization Act, 1956 made Delhi a union territory under central control.