Indian Economy Practice Question and Answer
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Q: What is the basic structure of an economy?
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6037642a24cd273bc4f50b53- 1Agriculturefalse
- 2industriesfalse
- 3Servicesfalse
- 4threetrue
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Answer : 4. "three"
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: Inflation in India is measured on which of the following indexes / indicators?
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6023ed55e4d6c265698f905a- 1Gross Domestic Product (GDP)false
- 2Wholesale Price Index (WPI)true
- 3Cost of Living Index (CLI)false
- 4Consumer Price Index (CPI)false
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Answer : 2. "Wholesale Price Index (WPI)"
Q: Demand for labour is–
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601bcfb908ff1450d911cf9c- 1Composite demandfalse
- 2Competitive demandfalse
- 3Derived demandtrue
- 4Joint demandfalse
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Answer : 3. "Derived demand "
Q: Banks and other financial institutions in India are required to maintain a certain amount of liquid assets like cash, precious metals and other short term securities as a reserve all the time. In Banking World this is known as–
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601250b62a5c813e15774c12- 1PLRfalse
- 2Fixed Assetfalse
- 3SLRfalse
- 4CRRtrue
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Answer : 4. "CRR "
Q: Of the following land uses, which is restricted to Special Economic Zones?
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601241da7fb81d03bf8160cd- 1Information Technology Companiesfalse
- 2Free Trade Centrestrue
- 3Educational Institutionsfalse
- 4Marketing Centresfalse
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Answer : 2. "Free Trade Centres"
Q: ‘Functional Finance’ is associated with–
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60124089af82aa3010a65a68- 1Abba ‘P’ Lernertrue
- 2Adolph Wognerfalse
- 3Adam Smithfalse
- 4Adamsfalse
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Answer : 1. "Abba ‘P’ Lerner "
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."
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