Indian Economy Questions Practice Question and Answer
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Q: According to Kenz, the consumption function shows relation between.
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632c662e751e5310a5ca664f- 1Total Consumption and Total Populationfalse
- 2Total Consumption and Normal Price Ratefalse
- 3Total Consumption and Total Incometrue
- 4Total Consumption and Rate of Interestfalse
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Answer : 3. "Total Consumption and Total Income"
Q: When there is affect on economic activity of an specific country due to import and export, then such economy are called-
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632c49481656651c9ea35adf- 1Closed economyfalse
- 2Open economytrue
- 3Agricultural economyfalse
- 4Industrial economyfalse
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Answer : 2. "Open economy "
Q: The Worldwide great depression happens in which year-
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632c49a531300b7ce47330be- 11936false
- 21929false
- 31928true
- 41930false
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Answer : 3. "1928 "
Q: Which among the following is not the investment of goods & services?
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632c49e7751e5310a5c99b21- 1Cost of machineryfalse
- 2Increase in cost of raw goodsfalse
- 3Increasing department of companytrue
- 4Cost of buying a house.false
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Answer : 3. "Increasing department of company "
Q: Preparing butter and ghee for household consumption of own family is a part of –
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632c4a3331300b7ce47331b0- 1Household investment productionfalse
- 2Industrial productionfalse
- 3Consumptionfalse
- 4Own Account Productiontrue
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Answer : 4. "Own Account Production"
Q: Multinational firm is–
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632c4aa65c208a6bf7eb3703- 1A company started by foreign governmentsfalse
- 2A single company established in different countriestrue
- 3A company in India started by U.S. governmentfalse
- 4A company started jointly by India and U.S. Ans.false
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Answer : 2. "A single company established in different countries "
Q: The best Example of capital intensive industry in India is-
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632c4aff1656651c9ea35b9e- 1Textile industryfalse
- 2Steel industrytrue
- 3Tourism industryfalse
- 4Spare goods industry.false
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Answer : 2. "Steel industry "
Q: The Removal of prohibitions and hindrance by the government is called.
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632c5e285c208a6bf7ebaca7- 1Globalisationfalse
- 2Privatisationfalse
- 3Liberalisationtrue
- 4Bilateral understanding.false
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Answer : 3. "Liberalisation "
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