Indian Economy Practice Question and Answer

Q:

The oldest large industry of India is?

819 0

  • 1
    Cotton textile industry
    Correct
    Wrong
  • 2
    Jute Industry
    Correct
    Wrong
  • 3
    Paper Industry
    Correct
    Wrong
  • 4
    Handicraft Industry
    Correct
    Wrong
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Answer : 1. "Cotton textile industry"

Q:

In which year Kisan Credit Card Scheme was launched?

818 0

  • 1
    1990
    Correct
    Wrong
  • 2
    1950
    Correct
    Wrong
  • 3
    1998
    Correct
    Wrong
  • 4
    2000
    Correct
    Wrong
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Answer : 3. "1998"

Q:

Where is the National Academy of Agricultural Research Management located?

817 1

  • 1
    Hyderabad
    Correct
    Wrong
  • 2
    Dehradun
    Correct
    Wrong
  • 3
    New Delhi
    Correct
    Wrong
  • 4
    none of these
    Correct
    Wrong
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Answer : 1. "Hyderabad"

Q:

The speed of economic growth from population growth?

815 0

  • 1
    normal
    Correct
    Wrong
  • 2
    intensifies
    Correct
    Wrong
  • 3
    slows down
    Correct
    Wrong
  • 4
    nothing happens
    Correct
    Wrong
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Answer : 3. "slows down"

Q:

Diamonds are priced higher than water because–

814 0

  • 1
    consumers do not buy them at lower prices.
    Correct
    Wrong
  • 2
    they are sold by selected firms with monopolistic powers.
    Correct
    Wrong
  • 3
    their total utility to buyers is higher than that of water.
    Correct
    Wrong
  • 4
    their marginal utility to buyers is higher than that of water
    Correct
    Wrong
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Answer : 2. "they are sold by selected firms with monopolistic powers."

Q:

What is the percentage of the female population according to the 2011 census? 

811 0

  • 1
    42.53 %
    Correct
    Wrong
  • 2
    40.53 %
    Correct
    Wrong
  • 3
    48.53 %
    Correct
    Wrong
  • 4
    45.53 %
    Correct
    Wrong
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Answer : 3. "48.53 % "

Q:

Which of the following statements is correct?

810 0

  • 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"

Q:

What is called by the government to abolish the old currency and move to the new currency?

804 0

  • 1
    Demonetization
    Correct
    Wrong
  • 2
    devaluation
    Correct
    Wrong
  • 3
    Currency contraction
    Correct
    Wrong
  • 4
    All these
    Correct
    Wrong
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Answer : 1. "Demonetization"

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