Indian Economy Practice Question and Answer

Q:

The Micro, Small and Medium Enterprises Development Act was passed in the year ____.    

883 1

  • 1
    2002
    Correct
    Wrong
  • 2
    2006
    Correct
    Wrong
  • 3
    2004
    Correct
    Wrong
  • 4
    2008
    Correct
    Wrong
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Answer : 2. "2006"
Explanation :

Notification for enforcement of MSME Act, 2006, The Provisions of the Micro, Small and Medium Enterprises Development Act, 2006 (27 of 2006) shall come into force from 2nd October, 2006.

Q:

Which of the following region contributes most to India's GDP?

881 0

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

Q:

What is the purpose of economic activities? Both

878 0

  • 1
    Livelihood
    Correct
    Wrong
  • 2
    Entertainment
    Correct
    Wrong
  • 3
    A) and (B)
    Correct
    Wrong
  • 4
    None of these
    Correct
    Wrong
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Answer : 1. "Livelihood"

Q:

Who is the President of National Development Council?

878 0

  • 1
    Prime Minister
    Correct
    Wrong
  • 2
    President
    Correct
    Wrong
  • 3
    Governor
    Correct
    Wrong
  • 4
    Vice President
    Correct
    Wrong
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Answer : 1. "Prime Minister"

Q:

Where is the national center of organic Fertilizer production?

874 0

  • 1
    Hyderabad
    Correct
    Wrong
  • 2
    Ghaziabad
    Correct
    Wrong
  • 3
    Nellore
    Correct
    Wrong
  • 4
    Dehradun
    Correct
    Wrong
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Answer : 2. "Ghaziabad"

Q:

Which district of Bihar has the highest per capita income?

870 0

  • 1
    Nalanda
    Correct
    Wrong
  • 2
    Patna
    Correct
    Wrong
  • 3
    Shivahar
    Correct
    Wrong
  • 4
    Gaya
    Correct
    Wrong
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Answer : 2. "Patna"

Q:

Real national income denotes.

864 0

  • 1
    Per capital income
    Correct
    Wrong
  • 2
    National income at constant prices
    Correct
    Wrong
  • 3
    National income at current prices
    Correct
    Wrong
  • 4
    Net factor income
    Correct
    Wrong
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Answer : 2. "National income at constant prices"

Q:

What is India's position in the Human Development Index?

863 0

  • 1
    126
    Correct
    Wrong
  • 2
    127
    Correct
    Wrong
  • 3
    129
    Correct
    Wrong
  • 4
    128
    Correct
    Wrong
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Answer : 1. "126"

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