Indian Economy Practice Question and Answer
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Q: The gradation and standardization of agricultural products are conducted through
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5e20501f58cb5b7d3e76141c- 1Food Corporation of Indiafalse
- 2Directorate of Marketing and Inspectiontrue
- 3Indian Standards Institutionfalse
- 4Central Statistical Organizationfalse
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Answer : 2. "Directorate of Marketing and Inspection "
Q: How many member is in the GST Council of India?
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5e180c5e39d64c451b228e9c- 133true
- 234false
- 336false
- 427false
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Answer : 1. "33"
Q: Which of the statements is correct about India's national income?
1984 05dfca67c40c34473ac86cc32
5dfca67c40c34473ac86cc32- 1Percentage share of agriculture is higher than servicesfalse
- 2Percentage share of industry is higher than agriculturefalse
- 3Percentage share of services is higher than industryfalse
- 4Percentage share of services is higher than agriculture and industry put togethertrue
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Answer : 4. "Percentage share of services is higher than agriculture and industry put together "
Q: Price theory is also known as
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5dfca5eda3197573ca592ab6- 1Macro Economicsfalse
- 2Development Economicsfalse
- 3Public Economicsfalse
- 4Micro Economicstrue
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Answer : 4. "Micro Economics "
Q: Which three indicators are used in the Human Development Index (HDI)?
I. Standard of living
II. Education
III. Life expectancy
IV. Condition of environment
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5d776efba1321a5b0b596cc4- 1Only I, II & IVfalse
- 2Only I, II, & IIItrue
- 3Only I & IIfalse
- 4All of the abovefalse
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Answer : 2. "Only I, II, & III"
Q: The process of curing inflation by reducing money supply is called
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5df9ea1436644b47cbaf2b5e- 1Cost - push inflationfalse
- 2Demand - pull inflationfalse
- 3Disinflationtrue
- 4Reflationfalse
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Answer : 3. "Disinflation"
Q: What is the demand for labor called?
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5dd23187c2282c484e44069a- 1Market demandfalse
- 2Direct demandfalse
- 3Derived demandtrue
- 4Factory demandfalse
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Answer : 3. "Derived demand"
Q: The Economic development depends on-
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5dc8e8e754f77a2c5d35c2a2- 1Natural resourcesfalse
- 2Capital formationfalse
- 3Size of the marketfalse
- 4All of thesetrue
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Answer : 4. "All of these"
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