Indian Economy Practice Question and Answer

Q:

The demand curve of a firm under perfect competition is:

647 1

  • 1
    horizontal to OX-axis
    Correct
    Wrong
  • 2
    negative slope
    Correct
    Wrong
  • 3
    positive slope
    Correct
    Wrong
  • 4
    U-shaped
    Correct
    Wrong
  • Show AnswerHide Answer
  • Workspace

Answer : 1. "horizontal to OX-axis"

Q:

Which of the following is considered as the main determinant of real wages?

644 0

  • 1
    purchasing power of money
    Correct
    Wrong
  • 2
    Nature of work
    Correct
    Wrong
  • 3
    additional income
    Correct
    Wrong
  • 4
    none of these
    Correct
    Wrong
  • Show AnswerHide Answer
  • Workspace

Answer : 1. "purchasing power of money"

Q:

Which of the following states has more tea plantations?

642 0

  • 1
    Aasam
    Correct
    Wrong
  • 2
    Bihar
    Correct
    Wrong
  • 3
    Meghalaya
    Correct
    Wrong
  • 4
    Manipur
    Correct
    Wrong
  • Show AnswerHide Answer
  • Workspace

Answer : 1. "Aasam"

Q:

The financial year in the Indian economy runs from ______.

636 0

  • 1
    1 January to 31 May
    Correct
    Wrong
  • 2
    1 April to 30 June
    Correct
    Wrong
  • 3
    1 June to 31 March
    Correct
    Wrong
  • 4
    1 April to 31 March
    Correct
    Wrong
  • Show AnswerHide Answer
  • Workspace

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?

635 0

  • 1
    employment generation
    Correct
    Wrong
  • 2
    Income Generation
    Correct
    Wrong
  • 3
    low cost
    Correct
    Wrong
  • 4
    none of these
    Correct
    Wrong
  • Show AnswerHide Answer
  • Workspace

Answer : 1. "employment generation"

Q:

'Poot determines his own demand' - Whose statement is this?

631 0

  • 1
    Adam Smith
    Correct
    Wrong
  • 2
    J. B. Se.
    Correct
    Wrong
  • 3
    Marshal
    Correct
    Wrong
  • 4
    Ricardo
    Correct
    Wrong
  • Show AnswerHide Answer
  • Workspace

Answer : 2. "J. B. Se."

Q:

The Reserve Bank of India has an accounting year?

629 0

  • 1
    October - September
    Correct
    Wrong
  • 2
    April-March
    Correct
    Wrong
  • 3
    July-June
    Correct
    Wrong
  • 4
    None of these
    Correct
    Wrong
  • Show AnswerHide Answer
  • Workspace

Answer : 2. "April-March"

Q:

Who is known as the father of Blue Revolution in India?

623 0

  • 1
    Verghese Kurien
    Correct
    Wrong
  • 2
    Sam Pitroda
    Correct
    Wrong
  • 3
    Hiralal Chaudhuri
    Correct
    Wrong
  • 4
    M.S. Swaminathan
    Correct
    Wrong
  • Show AnswerHide Answer
  • Workspace

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.

      Report Error

    Please Enter Message
    Error Reported Successfully

      Report Error

    Please Enter Message
    Error Reported Successfully

      Report Error

    Please Enter Message
    Error Reported Successfully

      Report Error

    Please Enter Message
    Error Reported Successfully

      Report Error

    Please Enter Message
    Error Reported Successfully

      Report Error

    Please Enter Message
    Error Reported Successfully

      Report Error

    Please Enter Message
    Error Reported Successfully

      Report Error

    Please Enter Message
    Error Reported Successfully