Indian Economy Questions Practice Question and Answer
8 Q: Preparing butter and ghee for household consumption of own family is a part of –
523 0632c4a3331300b7ce47331b0
632c4a3331300b7ce47331b0- 1Household investment productionfalse
- 2Industrial productionfalse
- 3Consumptionfalse
- 4Own Account Productiontrue
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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: Which among the following is not the investment of goods & services?
477 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-
469 0632c49a531300b7ce47330be
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: When there is affect on economic activity of an specific country due to import and export, then such economy are called-
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632c49481656651c9ea35adf- 1Closed economyfalse
- 2Open economytrue
- 3Agricultural economyfalse
- 4Industrial economyfalse
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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: Which state of India has set up District Investment Promotion Agencies (DIPA)?
507 064243594b34a0b67fc110a3a
64243594b34a0b67fc110a3a- 1Karnatakafalse
- 2Haryanafalse
- 3Odishatrue
- 4West Bengalfalse
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Answer : 3. "Odisha "
Q: Which among the following is the quantitative method of credit control by the Central Bank?
496 0641179ee5bff3d098ddf40f7
641179ee5bff3d098ddf40f7- 1Marginal requirementsfalse
- 2Credit rationingfalse
- 3Direct actionfalse
- 4Bank ratetrue
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Answer : 4. "Bank rate"
Q: In which year the concept of Multidimensional Poverty Index was introduced?
580 06411793d539cee0fcabda0e9
6411793d539cee0fcabda0e9- 12010true
- 22011false
- 32000false
- 42008false
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Answer : 1. "2010"
Q: Which of the following is related to green revolution in India?
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641178915bff3d098ddf3fcb- 1Environment Protectionfalse
- 2High Yielding Variety of Seedstrue
- 3Green House Effectfalse
- 4Calculation of Green GNPfalse
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