Indian Economy Practice Question and Answer
8 Q: The demand curve of a firm under perfect competition is:
647 163f32a98cbcfaac053da8350
63f32a98cbcfaac053da8350- 1horizontal to OX-axistrue
- 2negative slopefalse
- 3positive slopefalse
- 4U-shapedfalse
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Answer : 1. "horizontal to OX-axis"
Q: Which of the following is considered as the main determinant of real wages?
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60d3127f1cefce3a61b2567b- 1purchasing power of moneytrue
- 2Nature of workfalse
- 3additional incomefalse
- 4none of thesefalse
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Answer : 1. "purchasing power of money"
Q: Which of the following states has more tea plantations?
642 06052ecf5528a962d2e41881f
6052ecf5528a962d2e41881f- 1Aasamtrue
- 2Biharfalse
- 3Meghalayafalse
- 4Manipurfalse
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Answer : 1. "Aasam"
Q: The financial year in the Indian economy runs from ______.
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64107095b34a0b67fcdc5b97- 11 January to 31 Mayfalse
- 21 April to 30 Junefalse
- 31 June to 31 Marchfalse
- 41 April to 31 Marchtrue
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Answer : 4. "1 April to 31 March"
Q: In view of which of the following are cottage and small scale industries necessary in the Indian economy?
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60d3155c64466567bd7557ae- 1employment generationtrue
- 2Income Generationfalse
- 3low costfalse
- 4none of thesefalse
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Answer : 1. "employment generation"
Q: 'Poot determines his own demand' - Whose statement is this?
631 062c3fbf3a00ee61c312c307b
62c3fbf3a00ee61c312c307b- 1Adam Smithfalse
- 2J. B. Se.true
- 3Marshalfalse
- 4Ricardofalse
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Answer : 2. "J. B. Se."
Q: The Reserve Bank of India has an accounting year?
629 06088fae49f98193d2deb2a9e
6088fae49f98193d2deb2a9e- 1October - Septemberfalse
- 2April-Marchtrue
- 3July-Junefalse
- 4None of thesefalse
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Answer : 2. "April-March"
Q: Who is known as the father of Blue Revolution in India?
623 064390a612b960e1a41b0c8f8
64390a612b960e1a41b0c8f8- 1Verghese Kurienfalse
- 2Sam Pitrodafalse
- 3Hiralal Chaudhuritrue
- 4M.S. Swaminathanfalse
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Answer : 3. "Hiralal Chaudhuri"
Explanation :
Hiralal Chaudhuri and Dr. Arun Krishnsnan are known as Father of Blue revolution. The Blue Revolution in India was launched during the 7th Five Year Plan (1985-1990) during the sponsorship of the Fish Farmers Development Agency (FFDA) by the Central Government of India.