Indian Economy Practice Question and Answer
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Q: The oldest large industry of India is?
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611392e6e60c1d4cec2678eb- 1Cotton textile industrytrue
- 2Jute Industryfalse
- 3Paper Industryfalse
- 4Handicraft Industryfalse
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Answer : 1. "Cotton textile industry"
Q: In which year Kisan Credit Card Scheme was launched?
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61139d8688e0566940a6f0a0- 11990false
- 21950false
- 31998true
- 42000false
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Answer : 3. "1998"
Q: Where is the National Academy of Agricultural Research Management located?
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61139bcdb7b4a6411ff6d314- 1Hyderabadtrue
- 2Dehradunfalse
- 3New Delhifalse
- 4none of thesefalse
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Answer : 1. "Hyderabad"
Q: The speed of economic growth from population growth?
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5f7d50813c7d8710e0147b95- 1normalfalse
- 2intensifiesfalse
- 3slows downtrue
- 4nothing happensfalse
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Answer : 3. "slows down"
Q: Diamonds are priced higher than water because–
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60123fc3178b94051cee4ac7- 1consumers do not buy them at lower prices.false
- 2they are sold by selected firms with monopolistic powers.true
- 3their total utility to buyers is higher than that of water.false
- 4their marginal utility to buyers is higher than that of waterfalse
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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?
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6037604024cd273bc4f5049a- 142.53 %false
- 240.53 %false
- 348.53 %true
- 445.53 %false
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Answer : 3. "48.53 % "
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: What is called by the government to abolish the old currency and move to the new currency?
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6088f6270ac1df7d9f7feca2- 1Demonetizationtrue
- 2devaluationfalse
- 3Currency contractionfalse
- 4All thesefalse
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Answer : 1. "Demonetization"
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