Indian Economy Questions Practice Question and Answer
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Q: Who wrote the book 'Planned Economy for India'?
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641177d1a37bb1a5e180f615- 1M. Visvesvarayatrue
- 2Pt. Jawahar Lal Nehrufalse
- 3Mahatma Gandhifalse
- 4Man Mohan Singhfalse
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Answer : 1. "M. Visvesvaraya "
Q: The National Mission for Saffron has been launched as a sub- scheme of which among the following programmes?
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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: Who is a chairman of 15th Finance Commission of India?
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6411768aa37bb1a5e180e3e2- 1Nirmala Sitharamanfalse
- 2Dr. Ashok Lahirifalse
- 3N. K. Singhtrue
- 4Ajay Narayanfalse
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Answer : 3. "N. K. Singh "
Q: The financial year in the Indian economy runs from ______.
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64107095b34a0b67fcdc5b97- 11 January to 31 Mayfalse
- 21 April to 30 Junefalse
- 31 June to 31 Marchfalse
- 41 April to 31 Marchtrue
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Answer : 4. "1 April to 31 March"
Q: "National Clean Air Programme" launched in India.
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634e531fe4e07e287e8d4a1e- 12002false
- 22019true
- 32017false
- 42016false
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Answer : 2. "2019"
Q: Who among the following promotes social justice?
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6336e7f12ff7535af686e294- 1Herald Laskifalse
- 2John Keynesfalse
- 3John Rowlestrue
- 4All of the abovefalse
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Answer : 3. "John Rowles "
Q: With which form of economy is the term ‘Laissez-Faire’ associated?
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6336e8442ff7535af686e2b5- 1Capitalist Economytrue
- 2Socialist Economyfalse
- 3Mixed Economyfalse
- 4Command Economyfalse
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Answer : 1. "Capitalist Economy"
Q: Which of the following statements is correct?
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6336e8b55c208a6bf71b7807- 1Most workers will work for less than their reservation wagefalse
- 2The reservation wage is the maximum amount of any firm will pay for a workerfalse
- 3Economic rent is the difference between the market wage and the reservation wagetrue
- 4Economic rent is the amount one must pay to enter a desirable labour marketfalse
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Answer : 3. "Economic rent is the difference between the market wage and the reservation wage"
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