Indian Economy Practice Question and Answer

Q:

Which one of the following is not a clause of the World Trade Organisation?

790 1

  • 1
    Lowering trade barriers with negotiations
    Correct
    Wrong
  • 2
    Most favoured nation treatment
    Correct
    Wrong
  • 3
    Providing financial support to the countries having deficit balance of payments
    Correct
    Wrong
  • 4
    Discouraging unfair trade practices such as anti-dumping and export subsidies
    Correct
    Wrong
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Answer : 3. "Providing financial support to the countries having deficit balance of payments"
Explanation :

Providing financial support to the countries having deficit balance of payments.

Q:

How much of India's population is dependent on agricultural industry?

788 0

  • 1
    60%
    Correct
    Wrong
  • 2
    70%
    Correct
    Wrong
  • 3
    58.9%
    Correct
    Wrong
  • 4
    Others
    Correct
    Wrong
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Answer : 3. "58.9%"

Q:

Stagflation condition is?

787 0

  • 1
    deadlock and recession
    Correct
    Wrong
  • 2
    stagnation and inflation
    Correct
    Wrong
  • 3
    deadlock and deflation
    Correct
    Wrong
  • 4
    none of these
    Correct
    Wrong
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Answer : 2. "stagnation and inflation"

Q:

_____ is the primary sector of the Indian economy.

787 0

  • 1
    Banking
    Correct
    Wrong
  • 2
    Information and Technology
    Correct
    Wrong
  • 3
    Agriculture
    Correct
    Wrong
  • 4
    Judiciary
    Correct
    Wrong
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Answer : 3. "Agriculture"

Q:

Externality theory is the basic theory of the following branch of Economics–

777 0

  • 1
    International Economics
    Correct
    Wrong
  • 2
    Environomics
    Correct
    Wrong
  • 3
    Fiscal Economics
    Correct
    Wrong
  • 4
    Macro Economics
    Correct
    Wrong
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Answer : 2. "Environomics"

Q:

What are the different grounds for explaining economic development?

777 0

  • 1
    Gross National Product
    Correct
    Wrong
  • 2
    per capita income
    Correct
    Wrong
  • 3
    Basis of economic welfare
    Correct
    Wrong
  • 4
    All of these
    Correct
    Wrong
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Answer : 4. "All of these"

Q:

What is the rank of India in the world in the production of wind energy?

774 0

  • 1
    2nd
    Correct
    Wrong
  • 2
    5th
    Correct
    Wrong
  • 3
    4th
    Correct
    Wrong
  • 4
    3rd
    Correct
    Wrong
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Answer : 2. "5th"

Q:

The Bombay Stock Exchange established was?


774 0

  • 1
    1890
    Correct
    Wrong
  • 2
    1865
    Correct
    Wrong
  • 3
    1875
    Correct
    Wrong
  • 4
    1881
    Correct
    Wrong
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Answer : 3. "1875 "

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