Indian Economy Questions Practice Question and Answer

Q:

Who wrote the book 'Planned Economy for India'?

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  • 1
    M. Visvesvaraya
    Correct
    Wrong
  • 2
    Pt. Jawahar Lal Nehru
    Correct
    Wrong
  • 3
    Mahatma Gandhi
    Correct
    Wrong
  • 4
    Man Mohan Singh
    Correct
    Wrong
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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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  • 1
    National Food Security Mission
    Correct
    Wrong
  • 2
    National Cash Crop Programme
    Correct
    Wrong
  • 3
    National Horticulture Mission
    Correct
    Wrong
  • 4
    Rashtriya Krishi Vikas Yojana
    Correct
    Wrong
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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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  • 1
    Nirmala Sitharaman
    Correct
    Wrong
  • 2
    Dr. Ashok Lahiri
    Correct
    Wrong
  • 3
    N. K. Singh
    Correct
    Wrong
  • 4
    Ajay Narayan
    Correct
    Wrong
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Answer : 3. "N. K. Singh "

Q:

The financial year in the Indian economy runs from ______.

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  • 1
    1 January to 31 May
    Correct
    Wrong
  • 2
    1 April to 30 June
    Correct
    Wrong
  • 3
    1 June to 31 March
    Correct
    Wrong
  • 4
    1 April to 31 March
    Correct
    Wrong
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Answer : 4. "1 April to 31 March"

Q:

"National Clean Air Programme" launched in India.

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  • 1
    2002
    Correct
    Wrong
  • 2
    2019
    Correct
    Wrong
  • 3
    2017
    Correct
    Wrong
  • 4
    2016
    Correct
    Wrong
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Answer : 2. "2019"

Q:

Who among the following promotes social justice?

865 0

  • 1
    Herald Laski
    Correct
    Wrong
  • 2
    John Keynes
    Correct
    Wrong
  • 3
    John Rowles
    Correct
    Wrong
  • 4
    All of the above
    Correct
    Wrong
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Answer : 3. "John Rowles "

Q:

With which form of economy is the term ‘Laissez-Faire’ associated?

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  • 1
    Capitalist Economy
    Correct
    Wrong
  • 2
    Socialist Economy
    Correct
    Wrong
  • 3
    Mixed Economy
    Correct
    Wrong
  • 4
    Command Economy
    Correct
    Wrong
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Answer : 1. "Capitalist Economy"

Q:

Which of the following statements is correct?

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  • 1
    Most workers will work for less than their reservation wage
    Correct
    Wrong
  • 2
    The reservation wage is the maximum amount of any firm will pay for a worker
    Correct
    Wrong
  • 3
    Economic rent is the difference between the market wage and the reservation wage
    Correct
    Wrong
  • 4
    Economic rent is the amount one must pay to enter a desirable labour market
    Correct
    Wrong
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Answer : 3. "Economic rent is the difference between the market wage and the reservation wage"

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