Indian Economy Questions Practice Question and Answer
8 Q: Which of the statements is correct about India's national income?
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5dfca67c40c34473ac86cc32- 1Percentage share of agriculture is higher than servicesfalse
- 2Percentage share of industry is higher than agriculturefalse
- 3Percentage share of services is higher than industryfalse
- 4Percentage share of services is higher than agriculture and industry put togethertrue
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Answer : 4. "Percentage share of services is higher than agriculture and industry put together "
Q: The gradation and standardization of agricultural products are conducted through
4331 25e20501f58cb5b7d3e76141c
5e20501f58cb5b7d3e76141c- 1Food Corporation of Indiafalse
- 2Directorate of Marketing and Inspectiontrue
- 3Indian Standards Institutionfalse
- 4Central Statistical Organizationfalse
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Answer : 2. "Directorate of Marketing and Inspection "
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: Which of the following activities are examples of data gathering? 3320 05b5cc601e4d2b4197774b458
5b5cc601e4d2b4197774b458- 1Counting the votes in an election to determine the next governortrue
- 2Making a pie chart showing the kinds of television sets owned by people in a sample of 1,000false
- 3Finding the mean weight of cancer patients in a studyfalse
- 4Using the results of a mathematical model to predict the next day's weatherfalse
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Answer : 1. "Counting the votes in an election to determine the next governor"
Explanation :
Answer: A) Counting the votes in an election to determine the next governor Explanation: Option A) "Counting the votes in an election to determine the next governor" is the only one where data gathering is done. In all other options, data is already collected and now analyzing of data is going on.
Q: Short-term finance is usually for a period ranging up to
2407 15d42ab8757579c3e8f509307
5d42ab8757579c3e8f509307- 15 monthsfalse
- 210 monthsfalse
- 312 monthstrue
- 48 monthsfalse
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Answer : 3. "12 months "
Q: In a cut motion, when the amount of demand is reduced by Rs 100/- , it is known as
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5d7b8785268c0f29d590e05d- 1Disapproval of policy cutfalse
- 2Economy cutfalse
- 3Vote on Accountfalse
- 4Token cuttrue
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Answer : 4. "Token cut"
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: 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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