Indian Economy Questions Practice Question and Answer

Q:

Indian economy has a 'loose period'

3757 0

  • 1
    March – April
    Correct
    Wrong
  • 2
    September – December
    Correct
    Wrong
  • 3
    January – June
    Correct
    Wrong
  • 4
    February – April
    Correct
    Wrong
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Answer : 3. "January – June"

Q:

Subsidies mean that is

3612 0

  • 1
    payment by government for purchase of goods and services
    Correct
    Wrong
  • 2
    payment made by business enterprises to factors of production
    Correct
    Wrong
  • 3
    payment made by companies to shareholders
    Correct
    Wrong
  • 4
    payment made by the government to business enterprises, without buying any goods and services
    Correct
    Wrong
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Answer : 4. "payment made by the government to business enterprises, without buying any goods and services"

Q:

Process making of bricks by using soil comes under which sector of economic activity?

3315 0

  • 1
    Tertiary sector
    Correct
    Wrong
  • 2
    Primary sector
    Correct
    Wrong
  • 3
    Secondary sector
    Correct
    Wrong
  • 4
    None of these
    Correct
    Wrong
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Answer : 3. "Secondary sector"

Q:

How many member is in the GST Council of India?

3001 0

  • 1
    33
    Correct
    Wrong
  • 2
    34
    Correct
    Wrong
  • 3
    36
    Correct
    Wrong
  • 4
    27
    Correct
    Wrong
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Answer : 1. "33"

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


2939 1

  • 1
    Only I, II & IV
    Correct
    Wrong
  • 2
    Only I, II, & III
    Correct
    Wrong
  • 3
    Only I & II
    Correct
    Wrong
  • 4
    All of the above
    Correct
    Wrong
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Answer : 2. "Only I, II, & III"

Q:

Short-term finance is usually for a period ranging up to

2905 1

  • 1
    5 months
    Correct
    Wrong
  • 2
    10 months
    Correct
    Wrong
  • 3
    12 months
    Correct
    Wrong
  • 4
    8 months
    Correct
    Wrong
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Answer : 3. "12 months "

Q:

Who is called the forerunner of liberalization of Indian economy?

2853 0

  • 1
    P. Chidambaram
    Correct
    Wrong
  • 2
    Amartya Sen
    Correct
    Wrong
  • 3
    Dr. Manmohan Singh
    Correct
    Wrong
  • 4
    None of these
    Correct
    Wrong
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Answer : 3. "Dr. Manmohan Singh"

Q:

Which of these reports is not released by International Monetary Fund?

2655 0

  • 1
    human Development Report
    Correct
    Wrong
  • 2
    Global Financial Stability Report
    Correct
    Wrong
  • 3
    World Economic Outlook
    Correct
    Wrong
  • 4
    External Sector Report
    Correct
    Wrong
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Answer : 1. "human Development Report"

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