Indian Economy Practice Question and Answer
8 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"
Q: If Reserve Bank of India reduces the cash reserve ratio, it will :
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5d7f1667e6db8b0af6526c72- 1increase credit creationtrue
- 2decrease credit creationfalse
- 3have no impact on credit creationfalse
- 4have no definite impact on credit creationfalse
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Answer : 1. "increase credit creation"
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 national census does NOT recognise ______ groups within India.
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64a2a305ab3c5fffc2fa1e10- 1tribalfalse
- 2ethnictrue
- 3religiousfalse
- 4scheduled castefalse
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Answer : 2. "ethnic"
Explanation :
A. National census does not identify ethnic groups within India.
B. Here are examples of some specific groups identified by the national census.
1. Tribal Groups: Santhal, Gond, Adivasi, Bodo, Meena, Kushwaha
2. Religious Groups: Hindu, Muslim, Christian, Sikh, Buddhist, Jain, Parsi
3. Linguistic Groups: Hindi, Bengali, Marathi, Tamil, Telugu, Urdu, Gujarati, Kannada, Punjabi, Assamese
Q: Raw materials and money in hand are called _____.
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5fe1db7ace32c8585c749764- 1Human capitalfalse
- 2Working capitaltrue
- 3Factors of productionfalse
- 4None of the abovefalse
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Answer : 2. "Working capital"
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: What kind of economy is there in India?
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5e37d5dfad02e21163c6353c- 1socialistfalse
- 2Mixedtrue
- 3Freefalse
- 4Gandhianfalse
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Answer : 2. "Mixed"
Q: Which is the most important small scale industry of India?
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611397e4b7b4a6411ff6ca03- 1Handloom Industrytrue
- 2Leather Industryfalse
- 3Pottery manufacturing industryfalse
- 4Cotton textile industryfalse
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