Indian Economy Practice Question and Answer
8 Q: Which of the following is considered a capital expense?
635 064c3960f29beb3482a3bcc49
64c3960f29beb3482a3bcc49- 1Pensionfalse
- 2Payment of salariesfalse
- 3Subsidiesfalse
- 4Construction of school buildingstrue
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Answer : 4. "Construction of school buildings"
Explanation :
1. Capital expenditure is money spent by the government on the development of machinery, equipment, buildings, health facilities, education etc.
2. It also includes expenditure by the government on the acquisition of fixed assets like land and investments which give future profits or dividends.
3. Creation of assets as well as repayment of loans is also capital expenditure, as it reduces liability.
Q: The demand curve of a firm under perfect competition is:
634 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 states has more tea plantations?
634 06052ecf5528a962d2e41881f
6052ecf5528a962d2e41881f- 1Aasamtrue
- 2Biharfalse
- 3Meghalayafalse
- 4Manipurfalse
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Answer : 1. "Aasam"
Q: The financial year in the Indian economy runs from ______.
624 064107095b34a0b67fcdc5b97
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?
621 060d3155c64466567bd7557ae
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?
618 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?
615 06088fae49f98193d2deb2a9e
6088fae49f98193d2deb2a9e- 1October - Septemberfalse
- 2April-Marchtrue
- 3July-Junefalse
- 4None of thesefalse
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Answer : 2. "April-March"
Q: Of the following land uses, which is restricted to Special Economic Zones?
609 0601241da7fb81d03bf8160cd
601241da7fb81d03bf8160cd- 1Information Technology Companiesfalse
- 2Free Trade Centrestrue
- 3Educational Institutionsfalse
- 4Marketing Centresfalse
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