Indian Economy Practice Question and Answer

Q:

What percentage of the total central employees are employed in Indian Railways?

1524 0

  • 1
    50 %
    Correct
    Wrong
  • 2
    40 %
    Correct
    Wrong
  • 3
    45 %
    Correct
    Wrong
  • 4
    35 %
    Correct
    Wrong
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Answer : 2. " 40 %"

Q:

Which of the following is a better measurement of Economic Development? 

1499 0

  • 1
    NNP
    Correct
    Wrong
  • 2
    Per capita income
    Correct
    Wrong
  • 3
    GDP
    Correct
    Wrong
  • 4
    Disposable income
    Correct
    Wrong
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Answer : 1. "NNP "

Q: To the economist, total cost includes 1498 0

  • 1
    neither implicit nor explicit costs.
    Correct
    Wrong
  • 2
    implicit, but not explicit, costs.
    Correct
    Wrong
  • 3
    explicit, but not implicit, cost.
    Correct
    Wrong
  • 4
    explicit and implicit costs.
    Correct
    Wrong
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Answer : 4. "explicit and implicit costs."
Explanation :

Answer: D) explicit and implicit costs. Explanation:

Q:

Committee related to industrial sickness?

1488 0

  • 1
    Goswami Committee
    Correct
    Wrong
  • 2
    Tiwari Committee
    Correct
    Wrong
  • 3
    Both of the above
    Correct
    Wrong
  • 4
    None of these
    Correct
    Wrong
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Answer : 3. "Both of the above"

Q:

Is the government agency responsible for estimating national income in India?

1474 0

  • 1
    Indian Statistical Organization
    Correct
    Wrong
  • 2
    Central Statistical Organization
    Correct
    Wrong
  • 3
    Organization Indian Reserve Bank
    Correct
    Wrong
  • 4
    None of these
    Correct
    Wrong
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Answer : 2. "Central Statistical Organization"

Q:

Unemployment that arises when there is a general downturn in business activity is known as 

1467 0

  • 1
    Structural unemployment
    Correct
    Wrong
  • 2
    Frictional unemployment
    Correct
    Wrong
  • 3
    Cyclical unemployment
    Correct
    Wrong
  • 4
    Disguised unemployment
    Correct
    Wrong
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Answer : 3. "Cyclical unemployment "

Q:

Which of the following guarantees the purity of food items?

1454 0

  • 1
    Hallmark
    Correct
    Wrong
  • 2
    Agmark
    Correct
    Wrong
  • 3
    Bullmark
    Correct
    Wrong
  • 4
    ISI mark
    Correct
    Wrong
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Answer : 2. "Agmark"

Q:

Purchasing Power Parity theory is related with 

1450 0

  • 1
    Wage rate
    Correct
    Wrong
  • 2
    Exchange rate
    Correct
    Wrong
  • 3
    Interest rate
    Correct
    Wrong
  • 4
    Bank rate
    Correct
    Wrong
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Answer : 2. "Exchange rate "

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