Indian Economy Practice Question and Answer
8 4 Q:
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6042013672ea7a693838292c 4 Q:
6037673e9792c13b28589f03 4 Q:
6052f21d4999e13f2a6bb4ae 4 Q:
6336de5230141c336c39f81a Answer : 1. "Decrease in profit "
4 Q:
61139836e60c1d4cec268955 4 Q:
61139878b7b4a6411ff6cb25 4 Q:
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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: The basic characteristic of a capitalistic economy is–
684 06042013672ea7a693838292c
6042013672ea7a693838292c- 1absence of monopolyfalse
- 2large-scale production in primary industriesfalse
- 3full employmentfalse
- 4the private ownership of the means of productiontrue
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Answer : 4. "the private ownership of the means of production"
Q: In which country was the declaration of consumer rights?
683 06037673e9792c13b28589f03
6037673e9792c13b28589f03- 1Chinafalse
- 2Japanfalse
- 3Englandfalse
- 4United Statestrue
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Answer : 4. "United States"
Q: What is the maximum contribution to the national income of India?
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6052f21d4999e13f2a6bb4ae- 1Service Sectortrue
- 2Business Areafalse
- 3Agricultural sectorfalse
- 4Industry Sectorfalse
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Answer : 1. "Service Sector"
Q: Which among of the following is not a positive sign for any industry.
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6336de5230141c336c39f81a- 1Decrease in profittrue
- 2Labour instabilityfalse
- 3Decrease in marketfalse
- 4Decrease in demandfalse
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Answer : 1. "Decrease in profit "
Explanation :
Explain: -Decrease in profit is not a sudden positive sign.
Q: When was the first agricultural census conducted?
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61139836e60c1d4cec268955- 11948false
- 21990false
- 31976false
- 41970true
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Answer : 4. "1970"
Q: What percentage of GDP of agriculture sector in India is spent on agricultural research?
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61139878b7b4a6411ff6cb25- 15 %false
- 20.5 %false
- 30.3%true
- 43 %false
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Answer : 3. "0.3%"
Q: In an economy, on what basis are sectors classified into public and private?
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6052f1d9a01bc44789ad1d80- 1Terms of employmentfalse
- 2Ownership of enterprisestrue
- 3Use of raw materialsfalse
- 4None of thesefalse
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Answer : 2. "Ownership of enterprises"
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