Indian Economy Questions Practice Question and Answer
8 Q: When the price of a commodity falls, we can expect:
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5d944a1eeef89a492b2e290d- 1The supply of it to increasefalse
- 2The demand for it to fallfalse
- 3The demand for it to stay constantfalse
- 4The demand for it to increasetrue
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Answer : 4. "The demand for it to increase"
Q: Unemployment that arises when there is a general downturn in business activity is known as
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5f48ce9ae7f09063e6307182- 1Structural unemploymentfalse
- 2Frictional unemploymentfalse
- 3Cyclical unemploymenttrue
- 4Disguised unemploymentfalse
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Answer : 3. "Cyclical unemployment "
Q: Which of the following activities are examples of data gathering? 3321 05b5cc601e4d2b4197774b458
5b5cc601e4d2b4197774b458- 1Counting the votes in an election to determine the next governortrue
- 2Making a pie chart showing the kinds of television sets owned by people in a sample of 1,000false
- 3Finding the mean weight of cancer patients in a studyfalse
- 4Using the results of a mathematical model to predict the next day's weatherfalse
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Answer : 1. "Counting the votes in an election to determine the next governor"
Explanation :
Answer: A) Counting the votes in an election to determine the next governor Explanation: Option A) "Counting the votes in an election to determine the next governor" is the only one where data gathering is done. In all other options, data is already collected and now analyzing of data is going on.
Q: Short-term finance is usually for a period ranging up to
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5d42ab8757579c3e8f509307- 15 monthsfalse
- 210 monthsfalse
- 312 monthstrue
- 48 monthsfalse
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Answer : 3. "12 months "
Q: In a cut motion, when the amount of demand is reduced by Rs 100/- , it is known as
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5d7b8785268c0f29d590e05d- 1Disapproval of policy cutfalse
- 2Economy cutfalse
- 3Vote on Accountfalse
- 4Token cuttrue
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Answer : 4. "Token cut"
Q: How many member is in the GST Council of India?
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5e180c5e39d64c451b228e9c- 133true
- 234false
- 336false
- 427false
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Answer : 1. "33"
Q: Who is called the forerunner of liberalization of Indian economy?
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5f0830ee8e448621429ede2e- 1P. Chidambaramfalse
- 2Amartya Senfalse
- 3Dr. Manmohan Singhtrue
- 4None of thesefalse
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Answer : 3. "Dr. Manmohan Singh"
Q: In which year fourteen major banks were nationalized in India?
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5f9fc2cea00b420b05d5079d- 11967false
- 21968false
- 31969true
- 41971false
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