Indian Economy Questions Practice Question and Answer

Q:

At present, what kind of unemployment problem remains a very serious problem in the country?

756 0

  • 1
    Rural unemployment
    Correct
    Wrong
  • 2
    Urban unemployment
    Correct
    Wrong
  • 3
    Educated unemployment
    Correct
    Wrong
  • 4
    Open unemployment
    Correct
    Wrong
  • Show AnswerHide Answer
  • Workspace

Answer : 3. "Educated unemployment "

Q:

Which of the following region contributes most to India's GDP?

702 0

  • 1
    primary sector
    Correct
    Wrong
  • 2
    Secondary sector
    Correct
    Wrong
  • 3
    Tertiary sector
    Correct
    Wrong
  • 4
    None of these
    Correct
    Wrong
  • Show AnswerHide Answer
  • Workspace

Answer : 3. "Tertiary sector "

Q:

In Economics, buying an asset in one market and simultaneously selling an identical asset in another market at a higher price is termed as ____________.

898 0

  • 1
    Depreciation
    Correct
    Wrong
  • 2
    Mortgage
    Correct
    Wrong
  • 3
    Devaluation
    Correct
    Wrong
  • 4
    Arbitrage
    Correct
    Wrong
  • Show AnswerHide Answer
  • Workspace

Answer : 4. "Arbitrage"

Q:

Which curve shows the inverse relationship between unemployment and inflation rates?

763 0

  • 1
    Phillips curve
    Correct
    Wrong
  • 2
    Indifference curve
    Correct
    Wrong
  • 3
    IS curve
    Correct
    Wrong
  • 4
    Supply curve
    Correct
    Wrong
  • Show AnswerHide Answer
  • Workspace

Answer : 1. "Phillips curve "

Q:

Process making of bricks by using soil comes under which sector of economic activity?

2286 0

  • 1
    Tertiary sector
    Correct
    Wrong
  • 2
    Primary sector
    Correct
    Wrong
  • 3
    Secondary sector
    Correct
    Wrong
  • 4
    None of these
    Correct
    Wrong
  • Show AnswerHide Answer
  • Workspace

Answer : 3. "Secondary sector"

Q:

An area which supports the economy and export trade of a sea port is called its ______.

1059 0

  • 1
    Trade land
    Correct
    Wrong
  • 2
    Hinter land
    Correct
    Wrong
  • 3
    Import land
    Correct
    Wrong
  • 4
    Export land
    Correct
    Wrong
  • Show AnswerHide Answer
  • Workspace

Answer : 2. "Hinter land"

Q:

Foreign currency which has a tendency of quick migration is called -

2313 0

  • 1
    Gold currency
    Correct
    Wrong
  • 2
    Hot currency
    Correct
    Wrong
  • 3
    Scarce currency
    Correct
    Wrong
  • 4
    Soft currency
    Correct
    Wrong
  • Show AnswerHide Answer
  • Workspace

Answer : 2. "Hot currency "

Q:

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

1410 0

  • 1
    NNP
    Correct
    Wrong
  • 2
    Per capita income
    Correct
    Wrong
  • 3
    GDP
    Correct
    Wrong
  • 4
    Disposable income
    Correct
    Wrong
  • Show AnswerHide Answer
  • Workspace

Answer : 1. "NNP "

      Report Error

    Please Enter Message
    Error Reported Successfully

      Report Error

    Please Enter Message
    Error Reported Successfully

      Report Error

    Please Enter Message
    Error Reported Successfully

      Report Error

    Please Enter Message
    Error Reported Successfully

      Report Error

    Please Enter Message
    Error Reported Successfully

      Report Error

    Please Enter Message
    Error Reported Successfully

      Report Error

    Please Enter Message
    Error Reported Successfully

      Report Error

    Please Enter Message
    Error Reported Successfully