Indian Economy Practice Question and Answer
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Q: Values of total goods and services produced in a country is its _____.
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5f437c5d77e1d45e845c02fc- 1Gross Revenue Incomefalse
- 2Gross Domestic Producttrue
- 3Total Goods Revenuefalse
- 4Total Incomefalse
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Answer : 2. "Gross Domestic Product "
Q: Real national income denotes.
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5f435f2c97c6dd29b38e4c31- 1Per capital incomefalse
- 2National income at constant pricestrue
- 3National income at current pricesfalse
- 4Net factor incomefalse
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Answer : 2. "National income at constant prices"
Q: PSW stands for
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5f435c623688b83fde012fad- 1Process status wordfalse
- 2Processor status wordfalse
- 3Program status wordtrue
- 4Primitive status wordfalse
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Answer : 3. "Program status word"
Q: Purchasing Power Parity theory is related with
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5f35fd8aba71a36b207d5f27- 1Wage ratefalse
- 2Exchange ratetrue
- 3Interest ratefalse
- 4Bank ratefalse
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Answer : 2. "Exchange rate "
Q: Which is the most essential function of an entrepreneur?
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5f3686867e854923fd22bbde- 1Marketingfalse
- 2Risk bearingtrue
- 3Supervisionfalse
- 4Managementfalse
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Answer : 2. "Risk bearing "
Q: Knowledge, technical skill, education etc. in economics, are regarded as
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5f3685f4a27d450be2f51a75- 1tangible physical capitalfalse
- 2working capitalfalse
- 3social-overhead capitalfalse
- 4human capitaltrue
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Answer : 4. "human capital "
Q: Excise duty on a commodity is payable with reference to its
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5f3684b85ea8a017a5b644f1- 1production , transportation and salefalse
- 2productiontrue
- 3production and salefalse
- 4production and transportationfalse
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Answer : 2. "production "
Q: Which of the following monetary policy instruments is used by the RBI to control inflation?
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5f16b980cf79540a753942ee- 1Fiscal tractionfalse
- 2Austerity measuresfalse
- 3Repo ratetrue
- 4Fiscal boostfalse
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Answer : 3. "Repo rate"
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