Indian Economy Questions Practice Question and Answer

Q:

“Micro” and “Macro” words was firstly used by–

212 0

  • 1
    Ragnar Frisch
    Correct
    Wrong
  • 2
    I. Fischer
    Correct
    Wrong
  • 3
    James Tobin
    Correct
    Wrong
  • 4
    Garle
    Correct
    Wrong
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Answer : 1. "Ragnar Frisch "

Q:

The term “Micro Economics” and “Macro Economics” was coined by–

196 0

  • 1
    Alfred Marshal
    Correct
    Wrong
  • 2
    Ragner Nurkse
    Correct
    Wrong
  • 3
    Ragner Frisch
    Correct
    Wrong
  • 4
    J.M. Keynes
    Correct
    Wrong
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Answer : 3. "Ragner Frisch "

Q:

The capital of IMF is made up by the contribution of–

180 0

  • 1
    Credit
    Correct
    Wrong
  • 2
    Deficit Financing
    Correct
    Wrong
  • 3
    Member Nations
    Correct
    Wrong
  • 4
    Borrowings
    Correct
    Wrong
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Answer : 3. "Member Nations "

Q:

IMF was established to meet which of the following objectives.

(i) Promoting International Monetary Cooperation

(ii) Expending International Trade

(iii) Lessening the inequlibrium in trade

(iv) Avoiding competitive exchange depreciations.

179 0

  • 1
    i,ii,iii
    Correct
    Wrong
  • 2
    i, iii, iv
    Correct
    Wrong
  • 3
    ii, iv
    Correct
    Wrong
  • 4
    i, ii, iii, iv
    Correct
    Wrong
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Answer : 2. "i, iii, iv"

Q:

Which among of the following is not a positive sign for any industry.

185 0

  • 1
    Decrease in profit
    Correct
    Wrong
  • 2
    Labour instability
    Correct
    Wrong
  • 3
    Decrease in market
    Correct
    Wrong
  • 4
    Decrease in demand
    Correct
    Wrong
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Answer : 1. "Decrease in profit "

Q:

What will happen if labour productivity is increased?

187 0

  • 1
    Balanced cash wage will decrease
    Correct
    Wrong
  • 2
    Competitive firms will be forced to invest more
    Correct
    Wrong
  • 3
    Labour demand curve will shift towards right
    Correct
    Wrong
  • 4
    None of the above.
    Correct
    Wrong
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Answer : 3. "Labour demand curve will shift towards right"

Q:

“World Bank” is also called as –

235 0

  • 1
    International Bank for Reconstruction and development
    Correct
    Wrong
  • 2
    International, rehabilation and development bank
    Correct
    Wrong
  • 3
    International rehabilated and development bank
    Correct
    Wrong
  • 4
    None of these.
    Correct
    Wrong
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Answer : 1. "International Bank for Reconstruction and development"

Q:

The interest in infrastructure is less because. 

199 0

  • 1
    There is large invest in it
    Correct
    Wrong
  • 2
    There needs a desired project
    Correct
    Wrong
  • 3
    Time to finish the infrastructure is more
    Correct
    Wrong
  • 4
    Profit is gained after long time.
    Correct
    Wrong
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Answer : 4. "Profit is gained after long time."

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