Indian Economy Practice Question and Answer

Q:

Values of total goods and services produced in a country is its _____.

868 0

  • 1
    Gross Revenue Income
    Correct
    Wrong
  • 2
    Gross Domestic Product
    Correct
    Wrong
  • 3
    Total Goods Revenue
    Correct
    Wrong
  • 4
    Total Income
    Correct
    Wrong
  • Show AnswerHide Answer
  • Workspace

Answer : 2. "Gross Domestic Product "

Q:

Real national income denotes.

879 0

  • 1
    Per capital income
    Correct
    Wrong
  • 2
    National income at constant prices
    Correct
    Wrong
  • 3
    National income at current prices
    Correct
    Wrong
  • 4
    Net factor income
    Correct
    Wrong
  • Show AnswerHide Answer
  • Workspace

Answer : 2. "National income at constant prices"

Q:

PSW stands for

1169 0

  • 1
    Process status word
    Correct
    Wrong
  • 2
    Processor status word
    Correct
    Wrong
  • 3
    Program status word
    Correct
    Wrong
  • 4
    Primitive status word
    Correct
    Wrong
  • Show AnswerHide Answer
  • Workspace

Answer : 3. "Program status word"

Q:

Purchasing Power Parity theory is related with 

1474 0

  • 1
    Wage rate
    Correct
    Wrong
  • 2
    Exchange rate
    Correct
    Wrong
  • 3
    Interest rate
    Correct
    Wrong
  • 4
    Bank rate
    Correct
    Wrong
  • Show AnswerHide Answer
  • Workspace

Answer : 2. "Exchange rate "

Q:

Which is the most essential function of an entrepreneur? 

1384 0

  • 1
    Marketing
    Correct
    Wrong
  • 2
    Risk bearing
    Correct
    Wrong
  • 3
    Supervision
    Correct
    Wrong
  • 4
    Management
    Correct
    Wrong
  • Show AnswerHide Answer
  • Workspace

Answer : 2. "Risk bearing "

Q:

Knowledge, technical skill, education etc. in economics, are regarded as 

2497 0

  • 1
    tangible physical capital
    Correct
    Wrong
  • 2
    working capital
    Correct
    Wrong
  • 3
    social-overhead capital
    Correct
    Wrong
  • 4
    human capital
    Correct
    Wrong
  • Show AnswerHide Answer
  • Workspace

Answer : 4. "human capital "

Q:

Excise duty on a commodity is payable with reference to its 

2322 1

  • 1
    production , transportation and sale
    Correct
    Wrong
  • 2
    production
    Correct
    Wrong
  • 3
    production and sale
    Correct
    Wrong
  • 4
    production and transportation
    Correct
    Wrong
  • Show AnswerHide Answer
  • Workspace

Answer : 2. "production "

Q:

Which of the following monetary policy instruments is used by the RBI to control inflation?

1030 0

  • 1
    Fiscal traction
    Correct
    Wrong
  • 2
    Austerity measures
    Correct
    Wrong
  • 3
    Repo rate
    Correct
    Wrong
  • 4
    Fiscal boost
    Correct
    Wrong
  • Show AnswerHide Answer
  • Workspace

Answer : 3. "Repo rate"

      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