Indian Economy Questions Practice Question and Answer
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Q: Which Bank has launched its Multi Option Payment Acceptance Device (MOPAD) for digital payments?
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6182342535a48953d117847b- 1PNBfalse
- 2SBItrue
- 3HDFCfalse
- 4Yes Bankfalse
- 5ICICIfalse
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Answer : 2. "SBI"
Q: The basic characteristic of a capitalistic economy is–
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6042013672ea7a693838292c- 1absence of monopolyfalse
- 2large-scale production in primary industriesfalse
- 3full employmentfalse
- 4the private ownership of the means of productiontrue
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Answer : 4. "the private ownership of the means of production"
Q: Which is one of the factors of subsistence used to measure the Poverty Line in India?
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60b9f4b641fbe04381679f34- 1Equalityfalse
- 2Educationtrue
- 3Internetfalse
- 4Transportationfalse
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Answer : 2. "Education"
Q: Which of the following Economic survey was also famous as Pink Economic survey?
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61123f9688e0566940a28d1b- 1Economic survey 2015-16false
- 2Economic survey 2016-17false
- 3Economic survey 2017-18true
- 4Economic survey 2019-2020false
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Answer : 3. "Economic survey 2017-18"
Q: Which of the following country is not included in the category of top-5 gold holder countries of the world?
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61b765e38fe2311103b0980e- 1Chinatrue
- 2Americafalse
- 3Germanyfalse
- 4Italyfalse
- 5None of thesefalse
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Answer : 1. "China"
Q: Of the following land uses, which is restricted to Special Economic Zones?
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601241da7fb81d03bf8160cd- 1Information Technology Companiesfalse
- 2Free Trade Centrestrue
- 3Educational Institutionsfalse
- 4Marketing Centresfalse
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Answer : 2. "Free Trade Centres"
Q: Which one of the following taxes is not a direct tax?
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6042035a5eea8b66535f2351- 1Sales taxtrue
- 2Estate dutyfalse
- 3Gift taxfalse
- 4Wealth taxfalse
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Answer : 1. "Sales tax "
Q: Which of the following statements is correct?
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6336e8b55c208a6bf71b7807- 1Most workers will work for less than their reservation wagefalse
- 2The reservation wage is the maximum amount of any firm will pay for a workerfalse
- 3Economic rent is the difference between the market wage and the reservation wagetrue
- 4Economic rent is the amount one must pay to enter a desirable labour marketfalse
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Answer : 3. "Economic rent is the difference between the market wage and the reservation wage"
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