Indian Economy Questions Practice Question and Answer
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Q: Subsidies mean that is
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5d42afc429741f37c2549fe5- 1payment by government for purchase of goods and servicesfalse
- 2payment made by business enterprises to factors of productionfalse
- 3payment made by companies to shareholdersfalse
- 4payment made by the government to business enterprises, without buying any goods and servicestrue
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Answer : 4. "payment made by the government to business enterprises, without buying any goods and services"
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: Which three indicators are used in the Human Development Index (HDI)?
I. Standard of living
II. Education
III. Life expectancy
IV. Condition of environment
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5d776efba1321a5b0b596cc4- 1Only I, II & IVfalse
- 2Only I, II, & IIItrue
- 3Only I & IIfalse
- 4All of the abovefalse
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Answer : 2. "Only I, II, & III"
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: Indian economy has a 'loose period'
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5fa1126833d1d86b9ab7247f- 1March – Aprilfalse
- 2September – Decemberfalse
- 3January – Junetrue
- 4February – Aprilfalse
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Answer : 3. "January – June"
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: Which of these reports is not released by International Monetary Fund?
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5f02b17cf75c916d6120e15c- 1human Development Reporttrue
- 2Global Financial Stability Reportfalse
- 3World Economic Outlookfalse
- 4External Sector Reportfalse
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Answer : 1. "human Development Report"
Q: Foreign currency which has a tendency of quick migration is called -
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5f4cd44482369c1d610e70bb- 1Gold currencyfalse
- 2Hot currencytrue
- 3Scarce currencyfalse
- 4Soft currencyfalse
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Answer : 2. "Hot currency "
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