Indian Economy Practice Question and Answer

Q:

The Human Development Index is attributed to which economist?

609 0

  • 1
    Mehboob-ul-Haq
    Correct
    Wrong
  • 2
    Amartya Sen
    Correct
    Wrong
  • 3
    Johnson
    Correct
    Wrong
  • 4
    None of these
    Correct
    Wrong
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Answer : 1. "Mehboob-ul-Haq"

Q:

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

607 0

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

Q:

Where is the National Institute of Rural Development located?

607 0

  • 1
    Hyderabad
    Correct
    Wrong
  • 2
    Patna
    Correct
    Wrong
  • 3
    New Delhi
    Correct
    Wrong
  • 4
    Shimla
    Correct
    Wrong
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Answer : 1. "Hyderabad"

Q:

Which of the following is not a function of currency?

604 0

  • 1
    Measurement of value
    Correct
    Wrong
  • 2
    accumulation of value
    Correct
    Wrong
  • 3
    transfer of value
    Correct
    Wrong
  • 4
    stabilization of price
    Correct
    Wrong
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Answer : 4. "stabilization of price"

Q:

What do you understand by closed economy?

603 0

  • 1
    Import off
    Correct
    Wrong
  • 2
    Export stopped
    Correct
    Wrong
  • 3
    controlled capital
    Correct
    Wrong
  • 4
    Stop Import-Export
    Correct
    Wrong
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Answer : 4. "Stop Import-Export"

Q:

Which state has the highest per capita income?

599 0

  • 1
    Gujarat
    Correct
    Wrong
  • 2
    Maharashtra
    Correct
    Wrong
  • 3
    Goa
    Correct
    Wrong
  • 4
    Punjab
    Correct
    Wrong
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Answer : 3. "Goa"

Q:

Labour Intensive Technique would get chosen in a–

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  • 1
    Labour Surplus Economy
    Correct
    Wrong
  • 2
    Capital Surplus Economy
    Correct
    Wrong
  • 3
    Developed Economy
    Correct
    Wrong
  • 4
    Developing Economy
    Correct
    Wrong
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Answer : 1. "Labour Surplus Economy"
Explanation :

Expl:- Labour Intensive Technique will be chosen in Labour Surplus Economy because in such economy labour cost is low.

Q:

Round Revolution in India was related to -

589 0

  • 1
    Potato
    Correct
    Wrong
  • 2
    Onion
    Correct
    Wrong
  • 3
    Oil seeds
    Correct
    Wrong
  • 4
    Tomato
    Correct
    Wrong
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Answer : 1. "Potato "

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