Indian Economy Practice Question and Answer

Q:

According to Kenz, the consumption function shows relation between. 

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  • 1
    Total Consumption and Total Population
    Correct
    Wrong
  • 2
    Total Consumption and Normal Price Rate
    Correct
    Wrong
  • 3
    Total Consumption and Total Income
    Correct
    Wrong
  • 4
    Total Consumption and Rate of Interest
    Correct
    Wrong
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Answer : 3. "Total Consumption and Total Income"
Explanation :

Explain: -The Consumption function shows relation between Total Consumption and Total Income. It shows that consumption and income are inversely related

Q:

The tree like structure of records in a database in-

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  • 1
    Network Model
    Correct
    Wrong
  • 2
    Hierarchical Model
    Correct
    Wrong
  • 3
    Relational Model
    Correct
    Wrong
  • 4
    Multi-Dimenmoral Model
    Correct
    Wrong
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Answer : 2. "Hierarchical Model"
Explanation :

Explain: -Hierarchical structures were widely used in the early mainframe database management system, such as the Information Management System

Q:

In a economy “Development Stage” means-

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  • 1
    Starting of steadily increasing economy
    Correct
    Wrong
  • 2
    Bad economy
    Correct
    Wrong
  • 3
    Economy is on the verge of destroying
    Correct
    Wrong
  • 4
    All tariff to be removed.
    Correct
    Wrong
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Answer : 1. "Starting of steadily increasing economy"
Explanation :

Explain: -In economy “development stage” means starting of steadily increasing economy

Q:

Which of the following is related to South-South debate?

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  • 1
    Cooperation between developing countries
    Correct
    Wrong
  • 2
    Defence Organisation
    Correct
    Wrong
  • 3
    Sitting between developed & developing countries
    Correct
    Wrong
  • 4
    All of the above.
    Correct
    Wrong
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Answer : 1. "Cooperation between developing countries"
Explanation :

Explain: -South-South organization was held from 14-16 December 1978 in Tanzania. Its aim was to put focus for “new international economic view.”

Q:

The Removal of prohibitions and hindrance by the government is called. 

490 0

  • 1
    Globalisation
    Correct
    Wrong
  • 2
    Privatisation
    Correct
    Wrong
  • 3
    Liberalisation
    Correct
    Wrong
  • 4
    Bilateral understanding.
    Correct
    Wrong
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Answer : 3. "Liberalisation "

Q:

Internal profit–

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  • 1
    Happens when internal trade expands
    Correct
    Wrong
  • 2
    Happens when business expands
    Correct
    Wrong
  • 3
    Happens in economy when they increase
    Correct
    Wrong
  • 4
    Happens in firms when they expand their product
    Correct
    Wrong
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Answer : 4. "Happens in firms when they expand their product"
Explanation :

Explain: -Internal profit are made to firms when they expand their products. High level productivity, labour-division and modern equipments when used in better way, then internal profit is made. They are called as internal because firms increase their quality & quantity of production then only they gain internal profit.

Q:

Which of the following is/are one of the United Nations Sustainable Development Goals?

(A) Zero Hunger

(B) Climate Action

(C) Life Below Water

(D) Quality Education

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  • 1
    A, B, C and D
    Correct
    Wrong
  • 2
    A and B
    Correct
    Wrong
  • 3
    B and C
    Correct
    Wrong
  • 4
    A, C and D
    Correct
    Wrong
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Answer : 1. "A, B, C and D"
Explanation :

All these are the main goals of the United Nations Sustainable Development Goals.

(A) Zero Hunger
 (B) Climate Action
 (C) Life Below Water
 (D) Quality Education

Major goals of the UN Sustainable Development Goals:

1. Poverty Eradication: End extreme poverty for all people everywhere by 2030.

2. End hunger: Ensure food security and improved nutrition for all by 2030 and promote sustainable agriculture.

3. Health and Well-Being: To promote healthy lives and well-being for people of all ages.

4. Education for all: To ensure inclusive and equitable quality education for all by 2030.

5. Gender equality: Achieving gender equality and promoting the empowerment of women and girls.

6. Clean water and sanitation: Ensuring safe and accessible clean water and sanitation services for all.

Q:

The best Example of capital intensive industry in India is- 

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  • 1
    Textile industry
    Correct
    Wrong
  • 2
    Steel industry
    Correct
    Wrong
  • 3
    Tourism industry
    Correct
    Wrong
  • 4
    Spare goods industry.
    Correct
    Wrong
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Answer : 2. "Steel industry "
Explanation :

Explain: -Intensive industry are those industries which need large amount of capital for investment.

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