Indian Economy Practice Question and Answer
8 Q: Preparing butter and ghee for household consumption of own family is a part of –
493 0632c4a3331300b7ce47331b0
632c4a3331300b7ce47331b0- 1Household investment productionfalse
- 2Industrial productionfalse
- 3Consumptionfalse
- 4Own Account Productiontrue
- Show AnswerHide Answer
- Workspace
- SingleChoice
Answer : 4. "Own Account Production"
Explanation :
Explain: -Preparing butter and ghee by a family for household consumption is a part of own account production.
Q: In which of the following years was the Reserve Bank of India nationalised?
493 0644bde2a6842c5ce47ce8093
644bde2a6842c5ce47ce8093- 11935false
- 21949true
- 31927false
- 41965false
- Show AnswerHide Answer
- Workspace
- SingleChoice
Answer : 2. "1949"
Q: When there is affect on economic activity of an specific country due to import and export, then such economy are called-
490 0632c49481656651c9ea35adf
632c49481656651c9ea35adf- 1Closed economyfalse
- 2Open economytrue
- 3Agricultural economyfalse
- 4Industrial economyfalse
- Show AnswerHide Answer
- Workspace
- SingleChoice
Answer : 2. "Open economy "
Explanation :
Explain: -When there is change in economy due to import and export, then such economy is called Open economy. India enacted Open economy in 1991.
Q: Which among the following is not true about the work of Human Resource and Development (HRD)–
489 06336e6a12ff7535af686dbbc
6336e6a12ff7535af686dbbc- 1Caste – Systemtrue
- 2Youth and Sportfalse
- 3Educationfalse
- 4Child Developmentfalse
- Show AnswerHide Answer
- Workspace
- SingleChoice
Answer : 1. "Caste – System "
Q: The interest in infrastructure is less because.
488 0632c670331300b7ce473ed83
632c670331300b7ce473ed83- 1There is large invest in itfalse
- 2There needs a desired projectfalse
- 3Time to finish the infrastructure is morefalse
- 4Profit is gained after long time.true
- Show AnswerHide Answer
- Workspace
- SingleChoice
Answer : 4. "Profit is gained after long time."
Explanation :
Infrastructure refers to the basic physical and organizational structures, facilities, systems, and services that are necessary for the functioning of a society, economy, or organization. It encompasses a wide range of essential components, including
Q: The Indian census is generally held every ______.
488 064391a9506979810acdff03c
64391a9506979810acdff03c- 1tenth yeartrue
- 2fourth yearfalse
- 3fifth yearfalse
- 4seventh yearfalse
- Show AnswerHide Answer
- Workspace
- SingleChoice
Answer : 1. "tenth year "
Q: Which state of India has set up District Investment Promotion Agencies (DIPA)?
488 064243594b34a0b67fc110a3a
64243594b34a0b67fc110a3a- 1Karnatakafalse
- 2Haryanafalse
- 3Odishatrue
- 4West Bengalfalse
- Show AnswerHide Answer
- Workspace
- SingleChoice
Answer : 3. "Odisha "
Q: The Surplus earned by a factor other thus land in the short period is referred as –
483 06336e47593021d4ee41b07e3
6336e47593021d4ee41b07e3- 1Economic Rentfalse
- 2Net Rentfalse
- 3Quasi-Renttrue
- 4Super-Normal Rentfalse
- Show AnswerHide Answer
- Workspace
- SingleChoice
Answer : 3. "Quasi-Rent "
Explanation :
Explain: -The Surplus earned by a factor other than land in the short period is referred as quasi-rent.