Indian Economy Practice Question and Answer
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Q: Who controls the credit generated by commercial banks?
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63527284519847150da381bf- 1Government of Indiafalse
- 2State Bank of Indiafalse
- 3Reserve Bank of Indiatrue
- 4Ministry of Financefalse
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Answer : 3. "Reserve Bank of India"
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"
Q: According to whom second chamber is unnecessary & bad?
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6336e79f5c208a6bf71b6931- 1Monkahourfalse
- 2Benthamtrue
- 3Sealefalse
- 4Looskyfalse
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Answer : 2. "Bentham"
Q: Which among the following is not true about the work of Human Resource and Development (HRD)–
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6336e6a12ff7535af686dbbc- 1Caste – Systemtrue
- 2Youth and Sportfalse
- 3Educationfalse
- 4Child Developmentfalse
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Answer : 1. "Caste – System "
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"
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