Indian Economy Practice Question and Answer
8 Q: Who wrote the book 'Planned Economy for India'?
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641177d1a37bb1a5e180f615- 1M. Visvesvarayatrue
- 2Pt. Jawahar Lal Nehrufalse
- 3Mahatma Gandhifalse
- 4Man Mohan Singhfalse
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Answer : 1. "M. Visvesvaraya "
Q: The Views of eminent economist Robert Malthus on Population is–
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6336e6382ff7535af686daa3- 1Pessimistictrue
- 2Optimisticfalse
- 3Both (a) and (b)false
- 4None of the abovefalse
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Answer : 1. "Pessimistic "
Explanation :
The Malthusian theory explained that the human population grows more rapidly than the food supply until famines, war or disease reduces the population. He believed that the human population has risen over the past three centuries.
Q: “Micro” and “Macro” words was firstly used by–
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6336e02993021d4ee41ad5b8- 1Ragnar Frischtrue
- 2I. Fischerfalse
- 3James Tobinfalse
- 4Garlefalse
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Answer : 1. "Ragnar Frisch "
Explanation :
Explain: -In 1933, Ragnar Frisch firstly used the words “Micro” and “Macro”
Q: In India, which of the following statements about the National Investment Fund is true?
Statements:
I. It was created in 2005.
II. 75% of its annual income was to be used for schemes promoting health, education and employment.
III. It was dissolved in 2018.
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64c3886c9e9013486a7a03bcStatements:
I. It was created in 2005.
II. 75% of its annual income was to be used for schemes promoting health, education and employment.
III. It was dissolved in 2018.
- 1Only statement Ifalse
- 2Only statement IIfalse
- 3Only statements I and IIIfalse
- 4Only statements I and IItrue
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Answer : 4. "Only statements I and II"
Explanation :
All the statements about the National Investment Fund in India are true.
I. It was created in 2005.
II. 75% of its annual income was to be used for schemes promoting health, education and employment.
Q: Rural Employment Generation Programme (REGP) was launched in _____.
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641960a72b960e1a416a8c40- 11995true
- 21990false
- 31999false
- 41992false
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Answer : 1. "1995 "
Q: Rent is a cost paid for–
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6336e30b5c208a6bf71b48c9- 1Landtrue
- 2Restaurantfalse
- 3Buildingfalse
- 4Factoryfalse
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Answer : 1. "Land "
Explanation :
Explain: -Rent is a cost paid for land as wages and interest are paid for labour and capital respectively.
Q: The best Example of capital intensive industry in India is-
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632c4aff1656651c9ea35b9e- 1Textile industryfalse
- 2Steel industrytrue
- 3Tourism industryfalse
- 4Spare goods industry.false
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Answer : 2. "Steel industry "
Explanation :
Explain: -Intensive industry are those industries which need large amount of capital for investment.
Q: Which of the following is NOT a public sector insurance company?
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64c24509bd3d25480680f920- 1United India Insurance Company Limitedfalse
- 2The New India Assurance Company Limitedfalse
- 3SBI Life Insurancetrue
- 4General Insurance Corporation of Indiafalse
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Answer : 3. "SBI Life Insurance"
Explanation :
There are public sector insurance companies.
1. United India Insurance Company Limited
2. The New India Assurance Company Limited
3. General Insurance Corporation of India