Indian Economy Questions Practice Question and Answer

Q:

Which of the following is not a state tax? 

575 0

  • 1
    Wealth Tax
    Correct
    Wrong
  • 2
    Excise duty on liquor
    Correct
    Wrong
  • 3
    Sales Tax
    Correct
    Wrong
  • 4
    Professional Tax
    Correct
    Wrong
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Answer : 1. "Wealth Tax "

Q:

Demand for labour is–

561 1

  • 1
    Composite demand
    Correct
    Wrong
  • 2
    Competitive demand
    Correct
    Wrong
  • 3
    Derived demand
    Correct
    Wrong
  • 4
    Joint demand
    Correct
    Wrong
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Answer : 3. "Derived demand "

Q:

Inflation in India is measured on which of the following indexes / indicators?

558 0

  • 1
    Gross Domestic Product (GDP)
    Correct
    Wrong
  • 2
    Wholesale Price Index (WPI)
    Correct
    Wrong
  • 3
    Cost of Living Index (CLI)
    Correct
    Wrong
  • 4
    Consumer Price Index (CPI)
    Correct
    Wrong
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Answer : 2. "Wholesale Price Index (WPI)"

Q:

India's first - ever national police museum will establish in which city?

558 0

  • 1
    Nagpur
    Correct
    Wrong
  • 2
    Kolkata
    Correct
    Wrong
  • 3
    Chennai
    Correct
    Wrong
  • 4
    Delhi
    Correct
    Wrong
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Answer : 4. "Delhi "

Q:

In which year was The Reserve Bank of India was established?

558 0

  • 1
    1950
    Correct
    Wrong
  • 2
    1947
    Correct
    Wrong
  • 3
    1935
    Correct
    Wrong
  • 4
    1952
    Correct
    Wrong
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Answer : 3. "1935"

Q:

Small farmers are defined in the country as those farmers who have holding area-

552 0

  • 1
    Less than one hectare
    Correct
    Wrong
  • 2
    One to two hectares
    Correct
    Wrong
  • 3
    two to three hectares
    Correct
    Wrong
  • 4
    three to four hectares
    Correct
    Wrong
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Answer : 2. "One to two hectares"

Q:

What is the name of the amount from which the business is started?

550 0

  • 1
    Cash
    Correct
    Wrong
  • 2
    Capital
    Correct
    Wrong
  • 3
    Property
    Correct
    Wrong
  • 4
    None of these
    Correct
    Wrong
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Answer : 2. "Capital"

Q:

Externality theory is the basic theory of the following branch of Economics–

548 0

  • 1
    International Economics
    Correct
    Wrong
  • 2
    Environomics
    Correct
    Wrong
  • 3
    Fiscal Economics
    Correct
    Wrong
  • 4
    Macro Economics
    Correct
    Wrong
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Answer : 2. "Environomics"

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