Indian Economy Practice Question and Answer
8 Q: Multinational firm is–
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632c4aa65c208a6bf7eb3703- 1A company started by foreign governmentsfalse
- 2A single company established in different countriestrue
- 3A company in India started by U.S. governmentfalse
- 4A company started jointly by India and U.S. Ans.false
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Answer : 2. "A single company established in different countries "
Q: Preparing butter and ghee for household consumption of own family is a part of –
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632c4a3331300b7ce47331b0- 1Household investment productionfalse
- 2Industrial productionfalse
- 3Consumptionfalse
- 4Own Account Productiontrue
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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: Which among the following is not the investment of goods & services?
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632c49e7751e5310a5c99b21- 1Cost of machineryfalse
- 2Increase in cost of raw goodsfalse
- 3Increasing department of companytrue
- 4Cost of buying a house.false
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Answer : 3. "Increasing department of company "
Explanation :
Explain: -Increasing the department of company is not the matter of investment on goods and services
Q: The Worldwide great depression happens in which year-
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632c49a531300b7ce47330be- 11936false
- 21929false
- 31928true
- 41930false
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Answer : 3. "1928 "
Explanation :
Explain: -The duration of great depression was different for different for different countries, but the starting of depresion was 1929-32. The unemployment of America increase by +607%. Similiarly in Germany by +214% & France by +214%.
Q: When there is affect on economic activity of an specific country due to import and export, then such economy are called-
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632c49481656651c9ea35adf- 1Closed economyfalse
- 2Open economytrue
- 3Agricultural economyfalse
- 4Industrial economyfalse
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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: In which of the following years was the Reserve Bank of India nationalised?
489 0644bde2a6842c5ce47ce8093
644bde2a6842c5ce47ce8093- 11935false
- 21949true
- 31927false
- 41965false
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Answer : 2. "1949"
Q: As per Census 2011, under which of the following ranges does the literacy rate in India fall?
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643920a51ce944a93ea1d84b- 190% - 95%false
- 250% - 55%false
- 330% - 35%false
- 470% - 75%true
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Answer : 4. "70% - 75%"
Q: The Indian census is generally held every ______.
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64391a9506979810acdff03c- 1tenth yeartrue
- 2fourth yearfalse
- 3fifth yearfalse
- 4seventh yearfalse
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