Indian Economy Practice Question and Answer

Q:

What is the maximum contribution to the national income of India?

690 0

  • 1
    Service Sector
    Correct
    Wrong
  • 2
    Business Area
    Correct
    Wrong
  • 3
    Agricultural sector
    Correct
    Wrong
  • 4
    Industry Sector
    Correct
    Wrong
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Answer : 1. "Service Sector"

Q:

In an economy, on what basis are sectors classified into public and private?

691 0

  • 1
    Terms of employment
    Correct
    Wrong
  • 2
    Ownership of enterprises
    Correct
    Wrong
  • 3
    Use of raw materials
    Correct
    Wrong
  • 4
    None of these
    Correct
    Wrong
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Answer : 2. "Ownership of enterprises"

Q:

Disguised unemployment is commonly seen in India.

744 0

  • 1
    In the service sector
    Correct
    Wrong
  • 2
    In the agricultural sector
    Correct
    Wrong
  • 3
    Factory area
    Correct
    Wrong
  • 4
    All these
    Correct
    Wrong
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Answer : 2. "In the agricultural sector"

Q:

What do you understand by closed economy?

615 0

  • 1
    Import off
    Correct
    Wrong
  • 2
    Export stopped
    Correct
    Wrong
  • 3
    controlled capital
    Correct
    Wrong
  • 4
    Stop Import-Export
    Correct
    Wrong
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Answer : 4. "Stop Import-Export"

Q:

The state is the first state to issue a human development report?

598 0

  • 1
    Kerala
    Correct
    Wrong
  • 2
    Rajasthan
    Correct
    Wrong
  • 3
    U.P.
    Correct
    Wrong
  • 4
    Madhya Pradesh
    Correct
    Wrong
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Answer : 4. "Madhya Pradesh"

Q:

The Human Development Index is attributed to which economist?

617 0

  • 1
    Mehboob-ul-Haq
    Correct
    Wrong
  • 2
    Amartya Sen
    Correct
    Wrong
  • 3
    Johnson
    Correct
    Wrong
  • 4
    None of these
    Correct
    Wrong
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Answer : 1. "Mehboob-ul-Haq"

Q:

Whose annual publication is the World Development Report?

712 0

  • 1
    I.M.F.
    Correct
    Wrong
  • 2
    W.T.O.
    Correct
    Wrong
  • 3
    I.B.R.D
    Correct
    Wrong
  • 4
    None of these
    Correct
    Wrong
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Answer : 3. "I.B.R.D"

Q:

Where is the National Institute of Rural Development located?

621 0

  • 1
    Hyderabad
    Correct
    Wrong
  • 2
    Patna
    Correct
    Wrong
  • 3
    New Delhi
    Correct
    Wrong
  • 4
    Shimla
    Correct
    Wrong
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Answer : 1. "Hyderabad"

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